What are the 3 Types of Trading Charts?

Types of charts

There are 3 types of charts used in Commodities: Line Trading Charts, Bar Commodities Charts and Candles Trading Charts.

Line Charts - draws a continuous line connecting closing prices of a commodity.

Commodity Trading Line Charts - What are the 3 Types of Charts?

Bar Trading Charts- displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW & CLOSE. The Opening price is displayed as a horizontal dash on the left & closing price as a horizontal dash on right.

Commodities Bar Commodities Trade Charts - What are the 3 Types of Charts?

Candlestick Trading Charts - these use the same price data as bar charts (open, high, low, and close). However, they in a much more visually identifiable way which resembles a candle with wicks on both ends.

How to Analyze

Rectangle section is called the body.

The high and low are described as shadows and plotted as poking lines.

Trading Candlesticks Charts - What are the 3 Types of Charts?

The color of the candlestick is either blue or red

• (Blue or Green Color) - Commodities Prices moved up
• (Red Color) - Commodities Prices moved down

Most trading platforms like the MT4, use colors to mark the direction. Colors used are blue or green: when price moves up, red: when price moves down.