Drawing Line Charts in MetaTrader 5

This is the fifth option on the charts menu within the MT5 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 stocks technical analysis. This MT5 option will only draw a stocks price line that connects the closing stocks prices of a stocks instrument leaving out all other data.

When compared to stocks candlesticks that will show the Opening, the Closing, the Low and the High of stocks 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 stocks technical analysis method therefore the stocks candlesticks are preferred because they provide more information for stocks technical analysis.

For this reason this charting technique is not popular among technical traders & therefore not widely used.