Types of charts
The easiest way to analyze price changes - a look at a graphical representation of the changes. There are several different types of price charts. To display price fluctuations tend to use charts, other than a simple line. They are called charts (chart). Common to all the graphs is that the horizontal axis (abscissa) is measured time, while the vertical axis (ordinate) - changes in prices.
The time intervals for this are as follows:
• Weekly (Weekly)• Day (Daily)• 6 - All (6 Hourly)• 4 - Local (4 Hourly)• 2 - All (2 Hourly)• Time (Hourly)• 30 - - minutes (30 Minutely)• 15 - minute (15 Minutely)• 10 - minute (10 Minutely)• 5 - minute (5 Minutely)• Tick
Types CHARTS:
Tick Chart (Tick)The most detailed information about price dynamics gives a tick chart showing each new value of the quotation. Unlike other chart technical analysis, it is not tied to a fixed time axis. It every price movement is accompanied by vertical displacement of a small standard step across. When an active market for a specified period of time is a lot of price movements, with active market quotations are updated infrequently and for the same period of time is rendered a bit "ticks."
Line Graph (Line chart)
If we construct the points corresponding to the closing price for each time period and to connect them by line segments, we obtain a broken line, which at an appropriate scale and is visually perceived as a smooth curve.
A simple line graph can not reflect all the data on changes in prices. But sometimes, he still needed. This happens when there is little data, or when they do not change over time. The main disadvantage of this chart is that you can see it on the price movement during the day.
The column chart (Bar chart)
The most widely used and relatively simple method of graphical analysis of prices - the column chart or bar chart (Bar chat). Column reflects the price changes over time.
The histogram mark the following four important points:
• the highest (high) and lowest (low) prices in a given period of time, which connect the vertical line;• the opening price (open), note that a short segment of a horizontal line directed to the left;• the closing price (close), which mark a short segment of a horizontal line directed to the right.
Sometimes this type of chart is also known as Rod. The opening price is not important for technical analysis, except when the discovery is made with "." Under the "window" means the price gap between the extreme values of the price of the current and previous trading session, ie, when the opening price of the current session above the previous closing price in an uptrend, and vice versa: the opening price below the current session - in a downtrend.The obvious benefit is the ability to see the histogram on it all the prices within a given unit of time. The most popular of these is a one-day bar chart, followed by a week. You can choose any other time intervals. However, despite the fact that this graph represents all four rates, it is not without a drawback. During the interim period rates have changed within the column evenly. In what - the price gaps trading volumes were significantly greater than in others. Therefore, the thickness of the column should not be uniform. But the use of non-uniform thickness column chart will be very difficult for the visual analysis. In addition, the visual perception of column charts depends strongly on the density of the graph and the length of the visible period.
Candlesticks (Candle Stick)
Candlesticks are a close resemblance to the histograms. They also include four major prices: high, low, open and close. In addition to the usual information, candlestick chart yields a variety of specific interpretations. This is possible due to ease of visual observation of this schedule. Candlestick analysis is a form of technical analysis. It is believed that the price chart, ideally for visual analytics - it candlestick, and nothing but them. Candles, "" from the screen, which should go to the course. Their combination is unforgettable, and remain long in the memory. Over time, continually observing the living costs in the very form of candles, just a chart and a pair of trend indicators and oscillators under the graph, you see the future prices for a moment before it happens.What is the candlestick chart offers that do not exist on the west column one graph? With respect to display the actual data - nothing. However, for visual appeal and ability to more easily observe these relations, the candles are of crucial importance. They provide a quick overview of the last trading psychology.A thick line of candles called the body (dzhittay). It represents the difference between the opening and closing days. When the body is black, it means that the session closing price was below the opening price. Believe that the black color - it is "bearish" color. If the body is white, it means that the closing was above the opening level. It is believed that the white color - it is "bullish" colorThin lines above and below the body are called shadows. The shadows represent the extremes of the sessions. The shadow above the body is called the upper shadow (uvakage) and is the top price for a certain period, the shadow below the body known as the lower shadow (shitakage) and represents a bottom price for the period. Some Japanese call the upper shadow of hair, and the lower shadow - the tail. Japanese use red instead of white to show the 'hollow' candle. But since when copied, it merges with the black, the Western practice caught on the map of empty body candles - unpainted (white).
The easiest way to analyze price changes - a look at a graphical representation of the changes. There are several different types of price charts. To display price fluctuations tend to use charts, other than a simple line. They are called charts (chart). Common to all the graphs is that the horizontal axis (abscissa) is measured time, while the vertical axis (ordinate) - changes in prices.
The time intervals for this are as follows:
• Weekly (Weekly)• Day (Daily)• 6 - All (6 Hourly)• 4 - Local (4 Hourly)• 2 - All (2 Hourly)• Time (Hourly)• 30 - - minutes (30 Minutely)• 15 - minute (15 Minutely)• 10 - minute (10 Minutely)• 5 - minute (5 Minutely)• Tick
Types CHARTS:
Tick Chart (Tick)The most detailed information about price dynamics gives a tick chart showing each new value of the quotation. Unlike other chart technical analysis, it is not tied to a fixed time axis. It every price movement is accompanied by vertical displacement of a small standard step across. When an active market for a specified period of time is a lot of price movements, with active market quotations are updated infrequently and for the same period of time is rendered a bit "ticks."
Line Graph (Line chart)
If we construct the points corresponding to the closing price for each time period and to connect them by line segments, we obtain a broken line, which at an appropriate scale and is visually perceived as a smooth curve.
A simple line graph can not reflect all the data on changes in prices. But sometimes, he still needed. This happens when there is little data, or when they do not change over time. The main disadvantage of this chart is that you can see it on the price movement during the day.
The most widely used and relatively simple method of graphical analysis of prices - the column chart or bar chart (Bar chat). Column reflects the price changes over time.
The histogram mark the following four important points:
• the highest (high) and lowest (low) prices in a given period of time, which connect the vertical line;• the opening price (open), note that a short segment of a horizontal line directed to the left;• the closing price (close), which mark a short segment of a horizontal line directed to the right.
Sometimes this type of chart is also known as Rod. The opening price is not important for technical analysis, except when the discovery is made with "." Under the "window" means the price gap between the extreme values of the price of the current and previous trading session, ie, when the opening price of the current session above the previous closing price in an uptrend, and vice versa: the opening price below the current session - in a downtrend.The obvious benefit is the ability to see the histogram on it all the prices within a given unit of time. The most popular of these is a one-day bar chart, followed by a week. You can choose any other time intervals. However, despite the fact that this graph represents all four rates, it is not without a drawback. During the interim period rates have changed within the column evenly. In what - the price gaps trading volumes were significantly greater than in others. Therefore, the thickness of the column should not be uniform. But the use of non-uniform thickness column chart will be very difficult for the visual analysis. In addition, the visual perception of column charts depends strongly on the density of the graph and the length of the visible period.
Candlesticks (Candle Stick)
Candlesticks are a close resemblance to the histograms. They also include four major prices: high, low, open and close. In addition to the usual information, candlestick chart yields a variety of specific interpretations. This is possible due to ease of visual observation of this schedule. Candlestick analysis is a form of technical analysis. It is believed that the price chart, ideally for visual analytics - it candlestick, and nothing but them. Candles, "" from the screen, which should go to the course. Their combination is unforgettable, and remain long in the memory. Over time, continually observing the living costs in the very form of candles, just a chart and a pair of trend indicators and oscillators under the graph, you see the future prices for a moment before it happens.What is the candlestick chart offers that do not exist on the west column one graph? With respect to display the actual data - nothing. However, for visual appeal and ability to more easily observe these relations, the candles are of crucial importance. They provide a quick overview of the last trading psychology.A thick line of candles called the body (dzhittay). It represents the difference between the opening and closing days. When the body is black, it means that the session closing price was below the opening price. Believe that the black color - it is "bearish" color. If the body is white, it means that the closing was above the opening level. It is believed that the white color - it is "bullish" colorThin lines above and below the body are called shadows. The shadows represent the extremes of the sessions. The shadow above the body is called the upper shadow (uvakage) and is the top price for a certain period, the shadow below the body known as the lower shadow (shitakage) and represents a bottom price for the period. Some Japanese call the upper shadow of hair, and the lower shadow - the tail. Japanese use red instead of white to show the 'hollow' candle. But since when copied, it merges with the black, the Western practice caught on the map of empty body candles - unpainted (white).
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