Line chart or bar/candlestick for daytrading?
- Thread starter Ares
- Start date
There's been several prior discussions about this topic here at ET.
For example...
http://www.elitetrader.com/vb/showthread.php?s=&threadid=67634
Summary, its not a reliablility issue of bar charts, line charts, candlestick charts et cetera...
It's an issue of what type of charting format your comfortable and is suitable for your methodology.
Simply, someone that uses typical western analysis may be more orientated towards bar charts.
In comparison, someone that uses Fib methodology may be orientated to either bar charts or candlestick charts.
Someone using Japanese Candlestick patterns are orientated towards candlestick charting format.
There's also other past discussions about time charts versus tick charts.
Then there's the issue of tape readers that don't use any type of charting format.
With that said, I prefer candlestick charts because its less noise and gives me a clearer picture than all the other charts formats I've tried.
Simply, they fit my trading style.
I also have a preference for line charts and histogram charts when doing data crunching so I can see an easy visual representation of tons of data.
I'm curious if there's anybody out there using heat maps???
Mark
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Prefer candles, for sure more readable; at a glance
have enough lines/moving average & grids already
Mountain charts are a nice change of pace;
but like red & green candles.Yellow or white candles for unchanged candle:looks like this,+.
cool:
I like line charts for the long term at 6 months and higher.