What Are OHLC Charts & How To Trade Them

OHLC Charts

OHLC, a.k.a. Open, High, Low, Close is a type of technical analysis that pinpoints price movements over a certain period. These charts may be considered highly effective by some traders, as they provide four important data points. What are the OHLC charts? OHLC charts compose of several lines that represent the opening, closing, high and low price of an asset. The vertical lines on the chart display highs and lows, while the horizontal left lines are opening prices, and lines to the right are closing prices. Overall, the structure is called the price bar. The height of the vertical lines …READ MORE