Tuesday, November 8, 2011

Graphs bars (bar charts)

The graph bars (Bar chart), is perhaps one of the toughest on forex, however, the most informative, with enough clever monitoring system of exchange. It just has all the four values of prices: the opening / closing (open / close), maximum / minimum (min / max). The graph bars represents the combined vertical bars, with the intermediate division, and something like a tick chart, but it provides for other purposes. The ends of each dash isolate the value price for a certain period of time, displayed below, the x-axis (the lower end - the lowest price, top - the maximum). Feature, located on the left of each column, shows the level of the currency value at the beginning of the period. It is called the opening price or starting price (denoted by open). Such a trait, located on the right of each column - value of the currency, the current at the close of a period, it is called the cost of closing time or position (close).

Use these graphics for their intended purpose they are needed, above all, to compare the rates of price changes over different periods, but only bars on the graphs you can immediately see all 4 options prices in several time periods. I think it is not necessary to explain the details of their benefits. However, most traders will somehow ignore these wonderful diagrams using traditional linear graphs (line charts). Well, it's a choice everyone, everyone is trying to build their own strategies, each believes he can achieve more. We can only wish them all luck.

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