How to Read MT4 Stock Indices Chart Analysis
There are 3 types of charts used in Indices: Line, bar & candlesticks - how to read indices charts beginners PDF.
How to Read MetaTrader 4 Indices Chart Analysis
Line Charts - indices line charts draws a continuous line connecting closing indices trading prices of indices.
Indices Trading Line MT4 Indices Chart - How to Read MT4 Indices Charts Beginners PDF - How to Read MT4 Indices Chart Analysis
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. The Opening stock indices trading price is displayed as a horizontal dash on left & closing stock indices price as a horizontal dash on the right.
Indices Trading Bar MT4 Indices Chart Charts- How to Read MT4 Indices Charts Beginner Traders 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 trading price data as bar charts (open, high, low, and close). However, they are drawn & represented in a more visually identifiable way which looks like a candlestick with wicks on both its ends.
How to Interpret Candlesticks MT4 Indices Charts
The rectangle section is known as body.
The high and low are described as shadows & plotted as poking lines.
How to Read MetaTrader 4 Indices Charts Beginner Traders Guide
The color of the indices candlestick is either blue or red:
- (Blue or Green Color Candlesticks) - Indices Prices moved up
- (Red Color Candlesticks) - Indices Prices moved down
Most indices trading platforms like the MT4 Indices Trading Software, use colors to mark the direction of the indices price. MT4 Indices Chart Candles colors used are blue or green: when stock indices price moves upward, color of MetaTrader 4 Indices Chart candle is blue: when stock indices price moves down, color of MetaTrader 4 Indices Chart candle is red.
Candles Charts Vs. Bar Charts - How to Read MT4 Indices Charts Beginners PDF
When Indices MetaTrader 4 candles stock indices charts are used it's very easy to see if the stock indices trading price moved up or down as opposed to when MetaTrader 4 bar stock indices charts are used.
The Japanese candles charts trading techniques also have very many patterns & formations which are used to trade the Indices Trading Markets. These Indices Chart Analysis have different stock index technical analysis interpretation & the most common are:
MetaTrader 4 Charts Indices Trading for Beginner Traders Guide
The above MT4 Indices Chart Analysis is what makes the Japanese MT4 indices charts candles Indices Chart Analysis popular among indices traders & it's why this type of technical MetaTrader 4 Indices Chart analysis are the most widely used when it comes to interpreting the Indices Trading market.
