The chart reflects the change in the price of the instrument in the historical perspective.
Fig.21. The chart of the MMC Norilsk Nickel stock, represented by bars.
Fig.22. The chart of the GMKNorNickel stock, represented by candles.
The chart allows the trader to quickly assess the price development in the desired period with a given accuracy. By clicking the right button on the white field of the chart in TRANSAQ software, you can select the desired period, for example, 1 bar or candle can reflect the price development for 5 minutes, 15 minutes, 1 hour or 1 day. Most often you will have to work with a period of 1 day.
If a period of 1 day is selected, the left dash at the bar reflects the opening price of the trading session, the right – the closing price. During the day, the left dash will form the body of the bar, moving up or down. By tracking the formation of the bar, the trader can judge the direction of the price during, for example, 1 trading day.
Candle. A more common format for traders is the display of price changes, in which the color of the candle changes depending on the predominance of purchase (green) or sale (red) volumes. The chart is used to display the placed orders and, compared to using only a glass, allows you to navigate whether the price is high or low at the moment for making trading decisions. The chart allows you to see traces of transactions made by major players, see the levels within which the price is moving, allows you to see trends and many other technical analysis figures (more on this below).