Some of the most common types of charts are line charts, bar charts, and candle charts.
1. Line Chart A simple line chart depicts the pattern of closing prices connecting adjacent periods.
When we connect the closing prices with broken lines, we can see the trend of a certain pair over a certain period of time.
2. Bar Chart A bar chart is more complex than a line chart.
It shows the opening and closing prices, as well as the highs and lows.
The bottom of the vertical line shows the lowest exchange rate during this period, while the top of the bar shows the highest exchange rate during this period.
The left horizontal line shows the opening price of the exchange rate, while the right horizontal line shows the closing price of the exchange rate.
3. Candlestick Chart Candlestick chart is also referred to as K-line chart. The information displayed in candlestick chart is the same as that in bar chart, but it is more beautiful and vivid.
The candle chart is a graph of the opening, high, low, and closing prices for each analysis period.
Take drawing the daily K line as an example, first determine the opening and closing prices, and the part between them is drawn as a rectangular entity.
If the closing price is higher than the opening price, the K line is called the positive line and is represented by a hollow entity.
Otherwise known as the shade line is represented by a black entity or a white entity.
