To display information on the quotes of the foreign exchange market, several ways of building charts exist. Charts are used by the trader to conduct technical analysis and make market decisions. They are built in two coordinates: price and/or tick volume (shown on the vertical axis) and time period (horizontal). The trading period or timeframe is called the period of time, which is used for chart building. If you have this information, it is grouped and given in a graphical form. There is an opportunity to use such timeframes: 1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, 1 day, 1 week and 1 month on the MetaTrader 4 trading platform. There are several ways of chart building, but their aim is the same, that is to show information easily at any time. It is a graph of the smallest scale, which shows unit price changes. It is not connected to a certain time interval, and it is building in real time – after every change in the rate. The upper part shows the features of the Ask price, whereas the lower – Bid. This type of chart is not used for analysis: it is used only to determine the moment of entering the market when all other parameters are already defined Only close prices of previous trading periods (they automatically become open prices of new periods) are used to build a line chart. The graph looks like a curve. This type of chart is suitable for short periods. You cannot define price changes within one period, because there is no information about the open prices. So the ratio between the price ranges within the period is missed information.

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