Bar Chart

Bar chart depicts the opening, closing, high and low prices of the underlying asset over the period of time (the period could be as long as a month or as short as one minute). They are often referred to as OHLC charts, open-high-low-close charts. It allows traders to see patterns more easily. The right side of the bar shows closing price and the left side shows opening price.

For e.g., If today’s opening price is lower than today’s closing price- the bar is coloured green (bullish i.e., increasing prices) and If today’s open is higher than today’s close – the bar is coloured red (bearish i.e., decreasing prices).