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Thursday, March 22, 2007

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.
All the above three types of stock charts are pretty useful for trading purpose. The choice can be made based upon the trading strategy, account position and type of trading platform you are having.

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posted by Daniel Pipitone at 1:23 AM  

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