Drawing Line Charts in the MT4 Platform
This is the 5th option on the charts menu within MT4 software. The line chart button illustrated below.
Line charts see little use among traders. They lack key details for technical analysis. This type just connects closing prices, ignoring other data.
When compared to candlesticks that will show the Opening, the Closing, the Low and the High of price, then the line chart leaves out a lot of info in its graph representation of the market movement.
Traders like candlestick charts for analysis. They show more details than bars or lines, which helps with decisions.
Consequently, due to this rationale, this particular charting methodology lacks broad appeal among technical analysts and is therefore not frequently employed.
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