Charts represents the traded price of underlying asset during the time frame under study. Charts can be of many different types but mostly commonly used charts are Bar charts and candlestick charts because it shows complete price action on the assets unlike line graph were only closing prices are represented. Charts also accompanied by Volumes and Open interest which are also important to focus on while carrying out technical research
There are Following types of Charts
- Bar Chart
- Line chart
- Candlestick Charts
It was just to make you familiar with different types of charts through this intro post. There many other professional chart patterns too but these are the ones which are most widely used and almost all software’s give facility to plot it.