Invest in your preferred assets instantly

ForexCT

Free mobile app

GET OUR FREE APP

    Bar Charts

    The bar chart expands on the line chart by adding several more key pieces of information to each data point. The chart is made up of a series of vertical lines that represent each data point. This vertical line represents the high and low for the trading period, along with the closing price. The close and open are represented on the vertical line by a horizontal dash. The opening price on a bar chart is illustrated by the dash that is located on the left side of the vertical bar. Conversely, the close is represented by the dash on the right. Generally, if the left dash (open) is lower than the right dash (close) then the bar will be shaded black, representing an up period for the currency, which means it has gained value. A bar that is colored red signals that the currency has gone down in value over that period. When this is the case, the dash on the right (close) is lower than the dash on the left (open).