Bar charts or Bar
graphs, show the
changes
in price for each
time segmentfor the setting you are viewing but give
a reader a bit more information than a simple line chart.
Click in the box at the bottom right of our interactive AVAFX chart
below, and
select Bar
to see an example of a bar chart.
This chart is set on Hourly
so
for a bar-chart that means that every 1 hour a price will register on
the chart and the bar will show opening, high, low and closing prices
that the stock has been traded at for that particular hour.
The value of the next bar will then fluctuate as the price move until
the end of the next
hour at which point the next bar is sealed, and so on.
The following charts are examples of an up bar and
a down bar
and each show the price range that market has traded at for that
particular time segment.
Up
bar - where the market has
risen and the closing price is higher than the opening price
Down
bar - Where the market has fallen and
the closing price is below the opening price
So these charts are very useful for short, and long term technical
analysis stock
trading, or to
back up another form of stock picking. As you can see, just as with
Japanese candlestick charts, these
charts give us far more information than the basic line charts.
You can see the exact values for each bar on the chart below, by
hovering
your cursor above any of the bars that you want to see the
details for.
Technical Analysis Charts - Bar
Charts
Explained
This particular chart show live prices courtesy of Avafx
and can be changed to show various different trading
instruments such as stock indexes, commodities and various foreign
currency trading pairs. All you need to do to change it is select from
the range of instruments programmed in to the instrument
box.
Time settings can be adjusted by selecting from the period box
and the charts can be viewed in the different formats by selecting from
the view
box on the bottom right.
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