
BAR CHARTS
Bar charts of online stock trades have two common types of stock charts.
High-low-close (HCL)
Open-high-low-close (OHCL)
In HCL bar chart of online stock trades, two bars are shown which gives two different information about the price of stock of online stock trades; one is vertical and the second is horizontal. Vertical bar shows the price range of stock in a specified time slot and the horizontal bar shows the recent price value of stock of stock trades and/or closing pricing details of the recently passed time slot in online stock trades.
Sometimes it happens that on the bar chart of online stock trades, horizontal line lies on the right of the vertical bar and sometimes the horizontal line com across the vertical line. But it should be kept in mind that in either position, horizontal bar always shows closing price of online stock trades.
On the other hand OHCL chart of stock trades have a single vertically aligned bar on the right side showing the current as well as closing price of the stock of online stock trades. Another horizontally aligned bar on the left side show the opening prize of a particular stock of online stock trades in specific time slot.
These charts are used by the traders of online stock trades to observe the volatility about a particular time slot. With the help of range of different price movements of online stock trades on bar chart permit the volatility observation which provides much opportunities ideal for entering into the trade market of stock trades which is not possible from the line chart.
Unlike line chart, bar chart of online stock trades provide prices at different time slots so it is considered an ideal chart for day trading and scalping trading in online stock trades market.