How to Read MetaTrader 4 Indices Charts Described Beginner Traders Tutorial
There are 3 types of charts used in Indices: Line, bar & candlesticks - how to read indices charts beginners guide.
How to Read MetaTrader 4 Indices Trading Patterns
Line Charts - indices line charts draws a continuous line connecting closing indices prices of indices.
Indices Trading Line MT4 Indices Chart - How to Read MT4 Indices Charts Described Beginners Guide
MetaTrader 4 Indices Chart Bar Charts -indices trading bar stock indices charts are displayed as sequence of OHCL bars. O-H-C-L represents OPEN HIGH LOW and CLOSE. Opening stock indices price is displayed as a horizontal dash on left & closing stock indices price as a horizontal dash on right.
Indices Trading Bar MetaTrader 4 Indices Chart Charts- How to Read MT4 Indices Charts Described Beginners Guide
Main disadvantage of a bar stock indices chart MT4 Indices Chart is that it is not visually appealing, therefore most traders don't use them.
Candles Chart MT4 Indices Chart - these candlesticks stock indices chart MT4 Indices Chart use the same stock indices price data as bar charts (open, high, low, & close). However, they are displayed in a much more visually identifiable way which looks like a candlestick with wicks on both its ends.
How to Analyze Candlesticks MT4 Indices Charts Described
The rectangle section is known as body.
The high & low are described as shadows & plotted as poking lines.
How to Read MT4 Stock Indices Charts Described Beginners Guide
The color of the indices candlestick is either blue or red:
- (Blue or Green Color Candlesticks) - Indices Prices moved up
- (Red Color Candles) - Indices Prices moved down
Most indices trading platforms like the MT4 Stock Indices Trading Platform, use colors to mark the direction of the indices price. MetaTrader 4 Indices Chart Candles colors used are blue or green: when stock indices price moves up, color of MT4 Indices Chart candle is blue: when stock indices price moves downwards, color of MetaTrader 4 Indices Chart candle is red.
Candles Indices Charts Vs. Bar Stock Indices Charts
When Indices MetaTrader 4 candles stock indices charts are used it's very easy to see if the stock indices price moved up or down as opposed to when MetaTrader 4 bar stock indices charts are used.
The Japanese candles charts techniques also have very many patterns & formations that are used to trade the Indices Trading Markets. These stock indices chart patterns have different stock index technical analysis explanation & the most common are:
How to Read MetaTrader 4 Stock Indices Charts Described Beginners Guide
The above MetaTrader 4 Indices Chart patterns is what makes the Japanese MT4 Indices Charts Described candlesticks stock indices chart patterns popular among indices traders & it is why this type of technical MT4 Indices Chart analysis are the most widely used when it comes to interpreting the Indices Trading market.
