which time frame is best for day trading|types of chart in technical analysis|which chart is best for trading

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Hello friends in this Blog we will discuss in which time frame is best for day trading and also types of chart in technical analysis.

One by one all chart we will discuss and see live example in trading chart.

so lets start the blog without wasting time.

>first we will see the types of chart in technical analysis

                    • Candle chart
                    • Hollow candle
                    • Heikin ashi 
                    • Line chart
                    • Area chart
                    • Baseline chart
                    • Renko Chart
                    • Line Break Chart
                    • Kagi chart
                    • Point and Figure Chart
                    • Range chart

We will discuss all above chart one by one with good explanation.

1.Candle chart

So,Candle is very common and every much more are using the candle chart.

In candle there are four price

      • Open Price  ( means Candle Start from Here)
      • Close Price  ( Means Candle End Here)
      • High Price
      • Low Price

When Close price is above the open price=Green Candle means Bullish candle 

When Close price is below the open price=Red Candle means Bearish candle 

2.Hollow candle

In hollow candle same as Candle only body is empty

 

3.Heikin ashi

Heikin Ashi is very good I will explain you all calculation of Heikin ashi candle.

Heikin Ashi calculation see in image with details how heikin ashi candle will become.

 

 4.Line chart

In line Only open price and close price showing not shown High price and low price like candle stick

5.Area Chart

In area chart showing area under the line chart .


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6 thoughts on “which time frame is best for day trading|types of chart in technical analysis|which chart is best for trading

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