Different Chart Types explained on the Raceoption platform

Different Chart Types explained on the Raceoption platform

Linear charts

Different Chart Types explained on the Raceoption platform
Linear, Area chart

Price movement can be represented as a line. Area and linear charts are at your disposal for this. But most of the time Japanese Candlesticks are used for viewing charts and analysis of todays market situation.

Different Chart Types explained on the Raceoption platform
Japanese Candlesticks chart

Japanese candlesticks

Candlesticks contain information on price changes for a particular period of time and consist of the body and the wick.

Different Chart Types explained on the Raceoption platform
Wicks and a body

The bodies border displays the opening and closing price while the upper and lower borders of the wick show the price maximum and minimum.

Different Chart Types explained on the Raceoption platform
Price data on a candlestick

If the price of an asset increases than the candlestick turns green. If the price decreases then the candlestick turns red. A five-minute candlestick contains information about price changes during this given period. You may also imagine it as 5 one-minute periods which would contain the same data but on a different scale.

Different Chart Types explained on the Raceoption platform
5-minute candlestick contains data from 5 one-minute periods

Bar chart

Different Chart Types explained on the Raceoption platform
Bars are similar to candlesticks

Bars are designed on the same principle. They are made of vertical lines and two short perpendicular ones left and right. Perpendicular lines show opening and closing prices and vertical lines show the price minimum and maximum.

Different Chart Types explained on the Raceoption platform
Prices on a bar chart

Why candlesticks are most popular?

Japanese Candlesticks are popular among professional traders. The value of a candlestick chart is in its bold ease of use and depth of information with them. Traders gain not only an image but a full-fledged fundamental analytical instrument without which most indicators are not possible.

We wish you a pleasant trading experience.

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