Bars vs Candlesticks in forex trading | Forex Factory

  • Bars vs Candlesticks in forex trading

    From ironfxcn.com

    Bars and candlesticks are both popular charting styles used by global forex traders. They both offer similar data such as opening and closing prices, the high and low prices, and the trading range. However, there are some differences between bars and candlesticks that may make one more suitable for certain trading strategies than the other. Bars Bars are a type of chart comprised of a vertical line and two horizontal lines on either side of the vertical line. The vertical line represents the price range for that period. The horizontal lines on either side represent the opening and closing prices. If the closing price ... (full story)

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rover99x
May 10, 2023 7:09am
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Candles in charts are more emotive, where the open and close are emphasised. Bars on the other hand emphasise the high and low of the period. I prefer bars on low time-frame periods such as M5, and candles on high time-frames such as the daily because of that emotive effect of candles. But of course it's personal preference! Although candles do look prettier...............
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DooPrimeClea
May 11, 2023 5:33am
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Quoting Bakker
{quote} What does the latter part mean?
Means to be continued )))....
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Bakker
May 10, 2023 8:05am
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To pinpoint reversals, bars are way better than candles. To find support and resistance levels, candles are best.
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Bakker
May 11, 2023 3:50am
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Quoting DooPrimeClea
Iron FX is the best broker of all times, just keep in mind withdraws might never be processed)))....
What does the latter part mean?
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DooPrimeClea
May 11, 2023 3:46am
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Iron FX is the best broker of all times, just keep in mind withdraws might never be processed)))....
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