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Line
Description
A
line chart is the simplest type of chart.
One price (typically the close) is plotted
for each time period (i.e., day, week, month,
etc.). A
single, unbroken line connects each of these price
points.
Interpretation
Line
charts, by themselves are used to view the
movement of the security's prices over a specific
time period. Indicators
and line studies can be displayed along with line
charts to help determine the future direction of
the security's price.
A
line chart's strength comes from its simplicity.
It provides an uncluttered, easy to
understand view of a security's price.
Line charts are typically displayed using a
security's closing prices. |
