Chart types

Quote from osho67:

Thanks That is exactly I would like to know. Would one chart type display this information in better visual form to make decision about entry or exit . See above post as well.
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Your trading style should have impact on your decision of what type of chart to use.

For example, swing traders, position traders or day traders looking to capture points will use minute based charts.

Also, if volume is an important element of your strategy...

Volume Based Charts are suitable.

Another example, scalpers tend to use charts not based upon minute charts.

Therefore, YES, one chart type will display the information better if such is correlated with your trading style and/or strategy.

However, without info on your trading style nor strategy...

Nobody can tell you what type of chart is better suitable for you.

Mark
 
Quote from NihabaAshi:

Your trading style should have impact on your decision of what type of chart to use.

For example, swing traders, position traders or day traders looking to capture points will use minute based charts.

Also, if volume is an important element of your strategy...

Volume Based Charts are suitable.

Another example, scalpers tend to use charts not based upon minute charts.

Therefore, YES, one chart type will display the information better if such is correlated with your trading style and/or strategy.

However, without info on your trading style nor strategy...

Nobody can tell you what type of chart is better suitable for you.

Mark
More...

Thanks Mark

I am a day trader for e minis. I donot want to do scalping. about 8-10 trades a day. I was using candlestick charts but saw a friend using range bar candlestick and visually for identifying trend and reversals this chart looked better.

As very few people use range candlestick charts I was wondering are there some disadvantages fot these charts.
 
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