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<span style="font-family: "arial" , "helvetica" , sans-serif;">Types of chart</span></h2>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">There are many ways to display price charts. Each has its own benefits, but at the end of the day, it is up to the individual to decide which provides the clearest visual picture and is likely to be of most in identifying trends at an early stage. </span>  </div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Line Charts</span></h3>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">This is the simplest chart format and is generated by using a line to join the data points.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The most common use for line charts is for indicators that only have a single daily value (rather than high/low) such as momentum or moving averages. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><img alt="Types of Chart - Line Chart" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbme4_4ZAuwJLGD-KPKFPUcwq7zIZyVSoQ8mIDD405nyfowAcmLmuWliiGwHGkPCMsg80gJcAaTd1S8OjX2S94HkK8rpGhSL35N6nb_dLdR_Wb8n1IkYryBxG4FydEp_DIO9GQBzkMhEI/s1600/uni33.jpg" title="Share Market Technical" /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>The daily line chart is perhaps the simplest of charts available, showing only the closing price of each day.</i></span></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Bar Charts</b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As their name suggests, bar charts use vertical bars to represent price action for that day, drawn from the lowest price to the highest price.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3cr4ZucYNv9BsT7csApT6lu7kahEfNPsseFLoAbOoLXd3HcCpybbrADuD9afULMIj1eacH56plXCkf9gBLsesEOXEZCXgqG5n_COXwjfQG81kuYbuApyH5CGFvAqrgac_MUIesP6DBnQ/s1600/uni2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3cr4ZucYNv9BsT7csApT6lu7kahEfNPsseFLoAbOoLXd3HcCpybbrADuD9afULMIj1eacH56plXCkf9gBLsesEOXEZCXgqG5n_COXwjfQG81kuYbuApyH5CGFvAqrgac_MUIesP6DBnQ/s1600/uni2.jpg" /></a></span></div>
</td><td rowspan="3" width="20"></td><td valign="top"><span style="font-family: "arial" , "helvetica" , sans-serif;">High Price</span></td></tr>
<tr><td><span style="font-family: "arial" , "helvetica" , sans-serif;">The left hand “notch” represents the opening price and the right hand “notch” represents the closing price.</span></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">One of the advantages of bar charts is that a longer time period can be viewed by changing the scale from daily to weekly or monthly bars.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><img alt="Types Of Chart - Bar Chart" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0-I0FEKuTvVqVI85TOOHL-ApOhVQegkYmUtGWtA9i7nY05cPLH0S6ZhfPGlK0E5Zw2IShsPvQ9TkkVuyEZ9mIQTZP6VrYUqDh2V9Yv5uwwCni9Nsp7vg75FSycAwb_icf124Cv2Xoy3I/s1600/uni3.jpg" title="Share Market Technical" /></span></div>
</td><td width="20"></td><td><span style="font-family: "arial" , "helvetica" , sans-serif;">This is a daily “HLC” bar chart: each bar showing the day’s ‘high’, ‘low’ and ‘close’ prices. The period viewed is 6 months from November 2003 to April 2004.</span></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5XqXdfUypzcKvv_M4ACCz_zhP2c8RIM75cJJ0YSqgYSKHp50crDeqQoAhzunqYAX-qVYzBVswr4CeiL-8sTn6wZ2PcLVHQbhS1aYx3qXI75I1eA6OuIMXsnMsO3UchEDso2r7C6Zy_jE/s1600/uni4.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5XqXdfUypzcKvv_M4ACCz_zhP2c8RIM75cJJ0YSqgYSKHp50crDeqQoAhzunqYAX-qVYzBVswr4CeiL-8sTn6wZ2PcLVHQbhS1aYx3qXI75I1eA6OuIMXsnMsO3UchEDso2r7C6Zy_jE/s1600/uni4.jpg" /></a></span></div>
</td><td width="20"></td><td><span style="font-family: "arial" , "helvetica" , sans-serif;">This is a weekly bar chart: each bar showing the weekly high, low and close. The period covered is two years, from April 2002 to April 2004, and shows the movement in the daily chart (bottom right area) in its longer-term context.</span></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Candlestick Charts</span></h3>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Candlestick charts provide a more sophisticated visual representation of bar charts. The opening price is included in the chart and a day’s activity would be represented as follows:</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><img alt="Candle Stick Chart" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibf1jfsrBH12oWGaBlRwYWVD6BwMP7fqiCdpkO8HFlTm3fbf79DV8jFD0uAkWXOHHpO13Bu5ap9DeJMDxoEzheYWHv2EywhEGOuheOQD9XG0haku4mElBROxMSRBNFqu8RwlmYfrbI1u8/s1600/uni5.jpg" title="Share Market Technical" /></span></div>
</td><td width="20"></td><td><span style="font-family: "arial" , "helvetica" , sans-serif;">Note: an <b>up</b> day is signified by a white (or empty) box. A <b>down</b> day is represented by a black or shaded box.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The "box" shows the open to close range.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The "wick" displays the full day’s range.</span></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Candlestick charts are generally plotted over a one-day period but technical analysts also use weekly and monthly candlestick charts to provide a valuable picture of the longer-term price action.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Candlestick charting is one of the oldest methods of technical analysis, with both Japanese and Chinese both claiming that rice traders were using candlestick charts over 4000 years ago, although this is not proven. Its appeal lies in its ability to give a clear visual representation of the price action during a period, leading to <span style="font-family: "arial" , "helvetica" , sans-serif;">easy-to-recognize</span> pattern recognition.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><img alt="Candlestick Chart" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWhHtou0FCdxkDxiaH_8XThxeTjginGOsTpkIIEN01a4Ppua91F_xvKQDFga-Tz-OkDhmOBT0nF3PSPVyZzJC6XbzKdu0P3MUaCaODg4YitSBmU73Rv5HAFtYiURGyBISTlH7YyRDdwF0/s1600/uni35.jpg" title="Share Market Technical" /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>The candle chart displays a wealth of price information, with open, high, low and close.</i></span></td></tr>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">There is a separate article on candlesticks in this separate post  <a href="http://sharemarkettechnicalanalysis.blogspot.in/2015/11/candlestick-charts.html?zx=94f293cffb50f574">Candlestick Charts</a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Point & Figure Charts</span></h3>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Point & figure charts have a devoted following, particularly amongst Wall Street operators. They are unique in several ways:</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">a) They have no time scale, only registering changes when significant price action occurs.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">b) P&F charts box scale serves as a "noise reduction" system thereby eliminating minor movements so that the primary trend characteristics are revealed to the user.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span> <span style="font-family: "arial" , "helvetica" , sans-serif;">c) They quickly filter out the most consistently trending stocks or financial instruments from erratic and trend-less ones.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Areas of congestion on the charts define the key areas of supply and demand for a security (commonly known as support and resistance).</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><img alt="Poient and Figure" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXFcs1qnX-PoEM-e5uZoff4y6qY7ZRIysk_XZs_S_D-pFwcT17QdYjW8v97xCekHMjCSOLzPaxe56mfM1SyyrkhfZ0FfLqw0OHEu77QfYL8NS1j1JJs98KfoSkWaah1mYn566oXPLHC-0/s1600/uni34.jpg" title="Share Market Technical" /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>The p&f chart differs from the previous two charts in that it displays price data without any time input, giving an accurate depiction of trend.</i></span></td></tr>
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Types of chart There are many ways to display price charts. Each has its own benefits, but at the end of the day, it is up to the indi...

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