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Bar Charts

Bar chart is graphic representation of price action using a vertical bar to connect the highest price to the lowest price during a period. The opening price is displayed as a horizontal line on the left side of the bar.The closing price is displayed as a horizontal line on the right side of the bar.Bar charts can be constructed for any time period in which prices are available. Traditionally, the most popular time interval for bar chart is hourly chart.

However, since the wide availability of the real time prices, it is commen to use smaller time interval such as 30 minutes, 15 minutes, 5 minutes, 1 minuteBelow is a BAR CHART example: Standard bar charts are commonly used to convey price activity into an easily readable chart. Usually four elements make up a bar chart; the open, high, low and close for the trading session/time period.

A price bar can be represent any time frame the user wishes, from 1 minute to 1 month. The total vertical length/height of the bar represents the entire trading range for the period.Below is a BAR example:The top of the bas represents the highest price of the period, and the bottom of the bar represents the lowest price of the period. The Opening price ‘OPEN’ represented by a small dash to the left of the bar, and the closing Price for the session ‘CLOSE’ is a small dash to the right of the bar.

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