Types Of Charts
Filed under: Author:
Candlestick Chart:
It’s the oldest types of charts developed in the 18th century by legendary Japanese rice trader Homma Munehisa, this style of charting is very popular due to the level of ease in reading and understanding the graphs.Each candlestick includes the open, high, low, and close, of the timeframe, and also shows the direction (upward or downward), and the range of the timeframe.The candlestick provides a visual details more than any other chart.
Line Chart:
Is a two-dimensional scatter plot of ordered observations where the observations are connected following their order.The line chart is a graphical representation of the historical exchange rate of a specific currency pair in a certain period of time. The line is brought into existence and drew according to the closing prices connection of the day.
Bar Chart:
Is a chart with rectangular bars of lengths usually proportional to the magnitudes or frequencies of what they represent.Uses bars to show frequencies or values for different categories, also known as a bar graph. Bar charts are used for comparing two or more values. The bars can be horizontally or vertically oriented. Sometimes a stretched graphic is used instead of a solid bar.Each bar contains 4 'hooks' (the opening, closing, high and low (OCHL) rates of transactions at a certain time interval).
It’s the oldest types of charts developed in the 18th century by legendary Japanese rice trader Homma Munehisa, this style of charting is very popular due to the level of ease in reading and understanding the graphs.Each candlestick includes the open, high, low, and close, of the timeframe, and also shows the direction (upward or downward), and the range of the timeframe.The candlestick provides a visual details more than any other chart.
Line Chart:
Is a two-dimensional scatter plot of ordered observations where the observations are connected following their order.The line chart is a graphical representation of the historical exchange rate of a specific currency pair in a certain period of time. The line is brought into existence and drew according to the closing prices connection of the day.
Bar Chart:
Is a chart with rectangular bars of lengths usually proportional to the magnitudes or frequencies of what they represent.Uses bars to show frequencies or values for different categories, also known as a bar graph. Bar charts are used for comparing two or more values. The bars can be horizontally or vertically oriented. Sometimes a stretched graphic is used instead of a solid bar.Each bar contains 4 'hooks' (the opening, closing, high and low (OCHL) rates of transactions at a certain time interval).
No response to "Types Of Charts"
Post a Comment