Drawing Line Charts in MetaTrader 5

This is the fifth option on the charts menu within the MetaTrader 5 platform. The line chart button shown below.

The line charts are not popular and are not used by many traders as these do not show a lot of information that is useful for forex technical analysis. This MT5 option will only draw a forex price line that connects the closing prices of a currency pair leaving out all other data.

When compared to forex candlesticks that will show the Opening, the Closing, the Low and the High of price, then the line chart leaves out a lot of information in its graphical representation of market movement.

Most of this information is useful and used by most traders when using forex technical analysis method therefore the forex candlesticks are preferred because they provide more information for forex technical trading analysis.

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