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Charts

There are as many as seven different charts types:

Line

Continuous line through the closing prices of various periods.

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Bar Chart

Bars Chart, the most classic graphical representation of technical analysis data used in the west. Each period is represented by a vertical bar which starts from the minimum value, and goes to the maximum value for the period. There are also two horizontal lines, one on each side, which indicate opening and closing prices.

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Candlestick

(Japanese Candlestick Chart). This is the classical data graphical representation method used in far east countries. It became very common in the last few years.

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CandleVolume

Very similar to the Candlestick chart, the only difference being the thickness of the candle is linked to the exchanged volume for the period. The thicker is the candle, compared to the adjacent ones, the greater is the exchanged volume for the same period.

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Point Figure

Point and Figure. This is also widely used by analysts. Very useful to determine supports and resistances and to filter the market volatility effect.

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Three Lines Break

Oriental method of graphical representation still not very known and used. It is constructed using some rules, and it is use to filter the market volatility effect, just as the point and figure.

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Kagi Chart

Oriental method of graphical representation still not very known and used. It is constructed using some rules, and it is use to filter unusual price variations provoked by the market volatility effect, just as the point and figure.

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