Technical analysis I

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8. Bar charts

The bar chart has similar axes to a line chart, with time along the X-axis and price along the Y-axis. But instead of a single point being put on the chart for each time period (say each day) a bar is drawn. The top of the bar is drawn at the highest price reached by the instrument during the day and the bottom of the bar is at the lowest price.

A basic bar chart

A variation on the simple bar chart is made when opening and closing prices are available. As well as the main bar the opening price is represented by a tick on the left side of the bar and the closing price by a tick on the right side of the bar.

A bar chart with opening and closing prices

1. What is technical analysis? 2. Technical analysis compared to fundamental analysis 3. What technical analysis is not 4. Dow Theory 5. Price data 6. Volume data 7. Line charts 8. Bar charts 9. Volume charts 10. Point and figure charts 11. Other types of chart 12. Trends - the basics 13. Simple trend lines 14. Making money from trend lines 15. Trend channels 16. Support and Resistance 17. Breakouts 18. Is technical analysis for you? 19. Software for technical analysis 20. Conclusion

• Technical Analysis
• Technical Analysis Plain and Simple
• Technical Analysis of the Financial Markets
• Martin Pring's Introduction to Technical Analysis