Thread by @TCymatics

TYPES OF CHARTS !!
Thread (1/10)

There are almost 10+ types of charts that are available for doing Technical Analysis.

Let's decode 6 popular type of chart that is widely used by traders.

@sahneydeepak @kuttrapali26 @Technicalchart1

A basic thread on Charts 🧵:

🧵

If you open Tradingview charts or any other broker charts, then you would see following chart type options:

1. Line
2. Candles
3. Bar
4. Area
5. High Low
6. Heiken Ashi
7. Renko
8. Point & Figure

Let's start with top 5 basic charting.

@KommawarSwapnil @price_trader_

1. Line Chart:

Line chart tracks the closing prices of the stock over a specific period. While it is considered to be quite simplistic (compared to other chart types), a line chart helps traders to spot trends in the price movement.

@jitu_stock @kaushaldarshan_ @Himanshu2606

2. Bar Chart:

Bar Chart is represented by a vertical line.

Top most point represent High, Bottom point represent Low.
Left point indicates open and right indicate close.

It is also known as Open High Low Close (OHLC) candle.
@Stock_Precision

3. Candlestick Chart:

Candlestick charts are very popular as it offers a great deal of information in a very precise manner and is similar to a Bar Chart.
A falling candlestick is generally represented by a red body, while a green body represents a rising candlestick.

4. Heiken Ashi:

Heikin Ashi is similar to candlestick chart. It helps in visualizing the uptrend and downtrend quite clearly.

Heiken Ashi candles are derived from Candlestick OHLC values and formula of the same is shared below.

@caniravkaria @Puretechnicals9

5. Renko Chart:

Renko charts, focus only on price changes and use price bricks to represent a fixed price move. It filters out minor price movements, which make it easier to spot trends in prices.

It is effective in identifying support and resistance levels.
@Amit_Gulecha

6. Point & Figure:

Point and Figure Chart use vertical rows of X’s and O’s. When the price goes up, it’s indicated in the row of X’s and when it goes down, it is indicated by the vertical row of O’s.
It identifies emerging trends & can help in determining entry and exit points.

These are the 6 types of charts that are very popular in chart analysis.

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