The bar chart is one of the most popular types in technical analysis.
The bar provides a lot of information about what is happening in the trading session. The segment to the left is the opening, meaning the value of the first trade that took place on the day. The segment to the right is the closing value, representing the price of the last trade on the trading floor. The highest point of the bar coincides with the maximum price during the trading session, while the lower end corresponds to the minimum price.
The size of the bar (distance between the maximum and minimum) shows a little about how the battle between buyers and sellers was fought. The longer the bar is shown, the bigger the oscillation was in the analyzed period:
To select this type of chart, click the clock icon in the chart window:
Availability: Chart Pattern Bar can be used with the BlackArrow Free, One, Plus, Pro, and Ultra plans.
Was this content helpful?
Please rate us down below.
Happy trading!