Price Chart

A price chart is a showcase of the market and simply put on display what goes through the price during times. It records and plots every movement of the securities price for each specific time as diagrams, so it has two axes. The horizontal axes (the X-axis) represent the time scale and the vertical axes (the Y-axis) represent the price scale. Prices are plotted from left to right across the x-axis and the most recent one is on the right furthest side, usually in red rectangular. The time frame can be changed by scrolling up or down on the price chart and choosing them depending on the trader's strategies. Via price chart, a trader can open a window toward any time frame of market and do his analysis. The chartist and technical analyzers and every trader who works in any market use price chart because it is easy to see, accurate, and complete! 

In a later place, a price chart of Microsoft Corporation is shown. The uptrend of price is well evident. Actually, the direction and trend of a marker is the main important visual output of the price chart. Depending on the chart type, much other information can be understood about price. 

Price of the price chart

The price is the monetary value of an asset or service. In the market, buyers and sellers revolve around price. Buyers want to buy at the lowest price, and sellers want to sell at the highest. Buyers expect the price to rise and the sellers predict that it'll fall soon. Both of them, have two choices in front: wait until the price changes or change their price to pay.
From the economic point of view, the willingness of buying is named demand, and willing to sell is supply. Whenever the intersection point of supply and demand occurs, a deal is made and the fluctuation of price is the result of supply and demand. 
We have four pieces of price information in any time frame: 

• Open price: The price of the first transaction of share during business time.
• Close price: The price of the last transaction of share during business time. 
• Low price: The lowest transaction price during business time.
• High price: The highest transaction price during business time.
  

Time of the price chart

Time is a ruler of the price chart and its principal ax. A price value is recorded for each time, and their sequences make a pattern of the market's behavior. One part of the technical analysis course is about recognizing these patterns. The accuracy of the time axes can be varied from seconds and minutes to days-weeks or even years. Chartists choose a period of time to evaluate every aspect of the market by different strategies.  Neither any strategy nor time frame work everywhere unless they are chosen well-set. Typically, the time frame can be categorized as seconds, minutes, hours, days, weeks, months, and years. 

Type of the price chart 

• Line chart 
  Recording one price per day or per any time it refers. That price is the closing price and is recommended for long-term or primary trend analysis. Because the details are lost in short-term trading. 
• Bar chart 
  For many years, bar charts are being popular among chartists, Each point of the diagram shows four price information (open/close price - high/low price) of the share per time. All of this information is demonstrated by a vertical line as a body and a horizontal line as open/close prices. 
• Candlestick chart 
  The Candlestick chart is close to the bar chart and demonstrates (open/close- high/low) price by a rectangular as a body of each point on the diagram. That body can be in green or red color and filled or unfilled; every state is possible. The strong point of the candlestick chart is its ability to show every detail of price complete and quickly.