Chapter 5
Spotting Differences with Bar Charts
IN THIS CHAPTER
Exploring the basics of bar charts
Creating a bar chart
Using a bar chart
Looking at the price movement of a stock and trying to glean information from it can seem overwhelming for first-time users. In this chapter, we explore bar charts, which are one of the simplest forms used to view daily price readings.
Beginning with Bar Chart Basics
A bar chart is a chart type that is used for displaying price. When it is displayed in black, the price bars used today look a lot like the price charts from the business section of the newspaper. The following sections go over the structure of a price bar and different kinds of bar charts.
Price bar components
A price bar has four main components:
- Open price: The price at which the stock opens (shown on the left)
- High price: The highest price of the day
- Low price: The lowest price of the day
- Close price: The price at which the stock closed for the day (shown on the right)
These four components make up a price bar, shown in Figure 5-1, and the name is abbreviated to a chart style ...
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