CHARTS

The foundation of technical anlysis is the chart.In this case,a picture is truly worth a thousand words.  

LINE CHART:A line chart is the simplest type of chart.As shown in the chart of GBP/JPY in below figure,the single line represents the security's closing price on eachday.Dates are displayed along the bottom of the chart and prices are displayed on the side(s).

A line chart's strength comes from its simplicity.It provides an uncluttered,easy-to-understand view of a security's price.Line charts are typically displayed using a security's closing prices.

BAR CHART: A bar chart display's a security's open?(if available),high,low and closing prices.Bar charts are the most popular type of security chart.the top of each vertical bar represents the highest price that the security tradednduring the period,and the bottom of the bar represents the lowest price that it traded.A closing tick is displayed on the right side of the bar to designate the last price that the security traded.If opening prices are available,they are signified by a tick on the left side of the bar.

CANDLESTICK CHARTS: Candlestick charts displays the open,low,and closing prices in a format similar to a modern-day bar chart,but in a mannar that extenuates the relationship between the opening and the closing prices.Candlestick charts are simply a new way of looking at prices;they don't involve any calculations.Each candlestick represents one period of data.

UPPAR SHADOW     :The highest price

LOWER SHADOW    :The lowest price

THE CENTER SECTION : real body

The opening or closing price,whichever is greater,The opening or closing price,whichever is less,depends on up/down or holow/filled candle body.


OTHER CHART TYPES: Security prices can also be displayed using other types of charts Equivalume,point and fingure,etc