Drawing Line XAGUSD Charts in MT4

This is the fifth option on the charts menu within the MT4 platform. The line silver chart button shown below.

The line xagusd trading charts are not popular and are not used by many traders as these do not show a lot of information that is useful for technical analysis. This option will only draw a xagusd price line that connects the closing xagusd prices leaving out all other data.

When compared to candlesticks that will show the Opening, the Closing, the Low and the High of xagusd price, then the line silver chart leaves out a lot of information in its graphical representation of market movement.

Most of this data is useful and used by most traders when using technical analysis technique therefore the candlesticks are preferred because they provide more data for technical analysis.

For this reason this charting method is not popular among technical traders & therefore not widely used.