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.
More Tutorials & Topics:
- Double Bottom XAUUSD Pattern on Bollinger Band Indicator Trend Reversals
- How Do You Register Demo Account in MT4 Trading Platform?
- Difference Between ECN & STP XAU/USD Broker
- How to Trade the Difference between Sell Limit and Sell Stop
- How to Add Stochastic Oscillator Gold Indicator on Trading Chart in MT4 Software
- Gold MA Strategy Gold Indicator Analysis
- Gold System Tutorial Lesson for Beginners
