Drawing Bar Stocks Charts on MT4 Software

The third option on the charts menu in MT4 platform is the "Bar Stock Chart" button key. This button key is used to choose the drawing technique of stocks price movement as stock price bars.

To trade on stocks charts a trader may prefer to use the Bar Stock Charts. The above menu button shows how a trader can select this option on the MetaTrader 4 platform.

These are drawn using color coding:

• Red bar - Stock Price went down
• Blue bar - Stock Price market went up

These bars also have horizontal line to the left & to the right: these are used to show opening (left horizontal dash) and the closing (right horizontal dash).

The highest point shows the high of the stock price

Lowest point shows the low of the stock price

These 4 points Open, High, Close and Low are Referred to as O.H.C.L, abbreviation of the first letter for these Four levels, these 4 OHCL areas will be represented on every single bar.

These charts aren't very popular among Stock traders as they are not very appealing in terms of technical analysis and traders tend to favor other types.