Post by fastwalker on Sept 23, 2004 0:02:36 GMT -5
Technical Analysis: The Bar Chart
Bar charts are some of the most popular type of charts used in technical analysis. The top of the vertical line indicates the highest price a security traded at during the day, and the bottom represents the lowest price. The closing price is displayed on the right side of the bar and the opening price is shown on the left side of the bar. A single bar like the one to the left represents one day of trading.
The advantage of using a bar chart over a straight line graph is that it shows the high, low, open and close for each particular day.
Bar charts are some of the most popular type of charts used in technical analysis. The top of the vertical line indicates the highest price a security traded at during the day, and the bottom represents the lowest price. The closing price is displayed on the right side of the bar and the opening price is shown on the left side of the bar. A single bar like the one to the left represents one day of trading.
The advantage of using a bar chart over a straight line graph is that it shows the high, low, open and close for each particular day.
