form of stock charts and show the
changes
in price for each time segment for the setting you
are viewing.
The standard setting for Linecharts is to show a line between the
closing prices of each time frame but there is often the option to
change that to use opening prices, the high or the low.
Click in the box at the bottom right of our interactive AVAFX chart
below, and
select Line
to see an example of a line chart.
This chart is set on Hourly
so
for a line-chart that means that every 1 hour a price will register on
the chart and the line will essentially join the dots. The value of the
line will then fluctuate as the price moves until the end of the next
hour at which point the next point is sealed, and so on.
Line graphs or charts are very basic but as you can see, it does give
you a very good
idea of the stocks price history.
So these charts are suitable for long term stock
trading or to
back up another form of stock picking, but if you are trading short
term
you will need a chart with a bit more information on it such as bar charts, or our preference which
is Japanese candlestick charts.
Technical Analysis Charts -
LineCharts
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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