Types of Stock Charts
A stock chart is a 2D method of representation of upward/downward trends for a particular stock or stock market. There are mainly three types of stock charts as high-low-close charts, open-high-low-close charts and candlestick stock chats.
- In a high-low-close stock chats, values are represented as a set of symbols, which are grouped into a category. These symbols provide the high, low values of the vertical line and the position of the horizontal line (close).
- In Open-high-low-close stock charts the close value determines the right horizontal line position and open value determines the left horizontal line position.
- A candlestick stock chart is the horizontal lines representing open and close values are replaced by rectangles to provide the range between the above values.
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