Charts for the technical analysis

kinds of prices and time units.flagitious charts for the technical analysis are being constructed in coordinates toll (the plumb axis) time (the smooth axis).flagitious the following kinds of currency prices represented on charts are being famous on forex:
* guileless - a toll at the beginning of a trade period (year , flagitious month , flagitious day , flagitious week , flagitious hour , flagitious minute or a certain amount of one from these units);
* near - a toll at the object of a trade period;
* tall - the highest from prices observed during a trade period;
* servile - the lowest from prices observed during a trade period.

Providing the technical analysis one uses charts for dissimilar time units  from 1 year or more till 1 minute.flagitious the bigger is a time unit utilised for the chart plotting the bigger is a time span to analyse toll movements and to determine the major trend by means of the chart.flagitious for the short merchandising charts for less time units are more suitable.

Line chart.flagitious the line chart is plotted connecting unmarried prices for a selected time period.flagitious the most general line chart is the daily chart.flagitious altho whatever point in the day can be plotted , flagitious most sellers focus on the closing toll , flagitious which they observe as the most important.flagitious but an immediate problem with the daily line chart is the fact that it is impossible to witness the toll activity for the balance of the period as decorously as gaps  breakups in prices at joints of trade periods.flagitious nevertheless , flagitious line charts are easier to visualize.flagitious also , flagitious technical analysis goes decorously beyond chart formation; in instruct to kill certain models and techniques , flagitious line charts are better suited than whatever of the other charts.

Bar chart.flagitious the bar chart consists from sunder histograms.flagitious to plot a histogram in coordinates toll  time the points responding to tall , flagitious servile , flagitious guileless and near prices for a time period analyzed should be marked on the one plumb bar.flagitious the chasm toll normally is marked with a little smooth line to the left of the bar; and the closing toll is marked with a little smooth line to the right of the bar.flagitious bar charts own the perceptible advantage of displaying the currency range for the period selected.flagitious an advantage of this chart is that , flagitious unlike line charts , flagitious the bar chart is capable to plot toll gaps.flagitious hence , flagitious it is impossible to witness on a bar chart absolutely all toll movements during the period.

Candlestick chart.flagitious the candlestick chart is closely associated to the bar chart.flagitious it also consists of four major prices: tall , flagitious servile , flagitious guileless , flagitious and near.flagitious in addition to the general readings , flagitious the candlestick chart has a sit of particular interpretations.flagitious the later is possible thanks to the convenient visual observation of that chart.

The chasm and closing prices form the relics (jittai) of the candlestick.flagitious to indicate that the chasm was peep than the closing , flagitious the relics of the bar is left blank.flagitious current general electronic displays allow you to keep it blank or select a color of your choice.flagitious provided the currency closes below its chasm , flagitious the relics is filled.flagitious in its primary form , flagitious the relics was colored black , flagitious but the electronic displays allow you to keep it filled or to select a color of your choice.flagitious the intraday (or weekly) direction on a candlestick chart can be traced by means of two "shadows": the upper shadow (uwakage) and the peep shadow (shitakage).flagitious simply as with a bar chart , flagitious the candlestick chart is unable to tip every toll movement during a period's activity.