AX1 trader: Types of Charts

The AX1 Trader Software allows three different types of charts. This help section will provide all information about the chart types.

Line Chart

The Line Chart is a type of chart which displays information as a series of data points connected by straight line segments and shows how some particular data changes at equal intervals of time. The Line Chart uses only the corresponding closing prices for a given time-frame.

Candle Chart

The Candle Chart is a form of technical analysis. The candle chart shows all prices i.e. opening, high, low and closing price for the corresponding time-frame.

If a candle bar represents that the close is lower than the open then the real body is filled. The real body is transparent (not filled) if the close is higher than the open.

The thin lines above and below the real body are called the shadows (sometimes called candlestick wicks). The peak of the upper shadow is the high of the time- frame and the bottom of the lower shadow is the low of the time-frame.

• Bullish Candle

  It is depicted by the green colour candle where the closing prices are higher than the opening prices.

• Bearish Candle

  It is depicted by the white colour candle where the closing prices are lower than the opening prices.

Bar Chart

Bar Chart is a type of of chart style used by some technical analysis.

In a bar, the left line mark is the opening price at a time-frame whereas the right line mark is the closing price at a time-frame. Hence, the top of the vertical line indicates the highest price during the time-frame and the bottom represents the lowest price.