Trade Forex Trading

Drawing Line Charts on MT4

This is the 5th option on the trading charts menu within the MT4 platform. The line chart button illustrated below.

Line Chart on Charts Menu in MT4 - Line Chart on Charts Menu on MetaTrader 4 - Forex MT4 Line Charts on MetaTrader 4 Charts Menu

The line charts aren't popular and aren't used by many traders as these don't show a lot of information that is useful for trading analysis. This option will only draw a price line which joins the close prices of a currency pair leaving out all other data.

When compared to candlesticks that will show the Opening, the Closing, the Low & the High of price, the line chart omits a lot of information in its graphical representation of the market movement.

Most of this data is useful & used by most traders when using trading analysis technique therefore the candles are preferred because they provide more information for technical analysis.

For this explanation this charting method is not popular among traders and therefore not widely used.

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