What are Metals Charts?
A metals price chart is a representation of a sequence of metals prices plotted on a graph as a metals chart representation of metals price movements.
This metals price movement is then drawn over a period of time and this metals chart price moves drawn on the metals chart can be used to analyze the movement of metals price so as to determine if the metals trend is down or up.
Metal Trading Price Charts
A Metals Trading metals price chart provides a representation of exchange rates (drawn on the y-axis) against time (drawn on the x-axis) for metals.
The movement of metals prices is drawn on these metals price charts. The chart can be drawn as candlestick metals price charts like the one shown below or as line metals price charts or bar metals price charts.
What is a Metals Trading Price Chart? - What is Metals Trading Price Chart? - What are Metals Charts
Technical analysis of metals charts is then applied to these charts by using metals trading tools provided by the metals trading software. For example metals trading MT4 platform provided metals indicators & metals line studies that can be used to analyze these metals charts.
Metals charts can also be drawn using different chart timeframes.
The different chart timeframes are used by different types of metal traders.
For example:
- Metals Trading scalper use the 1 minute metal chart timeframe and the 5 minute metal chart timeframes
- Metals Trading day traders use the 15 minute metal chart timeframe and the 1 hour metal chart timeframes
- Metals Trading swing traders use the 4 hour metal chart timeframe and the daily metal chart timeframes
Chart Time Frames on MT4 Software
Periodicity just means chart timeframes, in MT4 metals platform this charts time frames toolbar is used to select which chart time-frames to trade with.
Metals Trading Price Chart Timeframes - What are Metals Trading Price Charts?
The metals price charts - chart timeframes listed on the MT4 platform are:
- 1 Min - M1
- 5 Min - M5
- 15 Min - M15
- 30 Min - M30
- 1 H - H1
- 4 Hours - H4
- Daily - D1
- Weekly - W1
- Monthly - MN
Type of Metal Trading Price Charts
The three common types of metals price charts used in metals trading are:
- Candlestick Metals Trading Price Charts
- Line Metals Trading Price Charts
- Bar Metals Trading Price Charts
These 3 types of metals price charts are covered in the topic Metals Chart Types.
