Bar Chart

BAR  CHART

© Chart photo copyright by CHARTIST blog

In bar chart bar are shown vertical and every bar represent price activity of that one period. Bar chart can be formed as short as in 1 minute time frame to as long as many years of historical charts. If bar chart is used on 5 minutes time frame than each vertical bar shown on the chart is represent one bar for 5 minutes period, means it shows the open high low and closing prices of that 5 minutes in one single vertical bar itself. Same way if the bar chart selected for the daily chart than one single bar will represent the whole day activity and days open, high, low and closing price will show in one single bar itself.

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How to Read the prices in vertical Bar:

1)   Opening Price : Left hand of the vertical bar

2)   High Price : Top of the Vertical bar 

3)   Low Price : Bottom of the vertical bar

4)   Closing Price : Right hand of the vertical bar

Please check the above chart picture to understand easily.

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It is very important for technical analysis that chart showing the prices must have all four prices in it i.e. Open ; High ; Low ; Close.  All these price data gives much more depth for analyzing the movement by plotting the data into the time frame.

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