types of charts

Line chart
A line chart represents a sequential connection of closing prices over a certain trading period.
Therefore, the line illustrates the price movement of a currency pair in a set time frame. For example, it can be one-minute chart (M1), five-minute chart (M5), fifteen-minute chart (M15), and so on. This is the roughest type of depicting a price movement because it is formed only by taking into account the closing prices while other prices are not considered. Line charts are commonly used to identify general trends for a given time frame. It is not very useful for trading.

Bar chart

A bar chart, which is also called an OHLC chart, is way more complex than the previous one. It includes all points of a price dynamic, in particular an opening price, high, low, and closing price.
The bottom of the vertical line represents the lowest price over a set period of time while the top indicates the highest price. Opening and closing prices are shown as the horizontal lines on the left and on the right side of the bar, respectively.
Many western technical analysts pay special attention to this type of charts and use it to estimate securities and other financial instruments. A bar chart of a price movement is very useful for developing a consistent concept of analysis, like price action, which is based on price formations most easily distinguished on this type of charts.

Japanese Candlestick Chart

A candlestick chart displays the same price characteristics as a bar chart, i.e. an opening and closing price, high and low. However, unlike the previous type of charts, it shows the relationship between opening and closing price in a more illustrative way.
A thin shadow of a Japanese candlestick represents the highest and the lowest prices that correspond to a vertical line on a bar chart. The main difference between them lies in a wide unit in the center. This part of the chart is called the real body of the candlestick and it demonstrates the correlation between opening and closing prices. When the body of the candlestick is dark, or just filled, it means that the closing price is lower than the opening price, so the trading session closed down. When the real body is light, then the closing price is higher than the opening price, meaning that the trading session closed up. Candlestick charts do not require any complex calculations, they are most easy-lo-use for analysis because of the different colors. Besides, they give ample room for analysis and allow traders to identify market sentiment as well as recognize patterns to open and close deals.
The Japanese candlestick chart provides an opportunity to make profitable trades due to the data it shows.
That is why this type of charts gained the most popularity among traders.
A particular feature of our platform is that in a situation when a closing price is higher than an opening price, the candlestick is hollow. At the same time, when the closing price is lower, the candlestick is filled white.
We take these things into account while describing candlesticks in this training course. So, we indicate the content of a candlestick (hollow or filled) as well as the color.

Charts, ya tasveeron ke nizaam, data ko sajane aur samajhne ke liye ahem hai. In charts ka istemal data ko aasan tareeqay se pesh karnay aur trends, patterns aur relationships ko samajhnay ke liye kiya jata hai. Yeh mukhtalif qisam ke charts hote hain jo mukhtalif maqsad ke liye istemal kiye jaate hain. Yeh 5 aham qisam ke charts hain:
Bar Chart: Bar chart, ya istara, aik rectangle bar ka chart hai jo har ek data point ko bar ki lambai se zahir karta hai. Har bar data ki qeemat ko dikhane ke liye istemal kiya jata hai. Bar chart mein horizontal aur vertical bars dono istemal kiye jaate hain. Ye aksar categorical data ke comparison ke liye istemal hota hai.

Line Chart: Line chart, ya istara, aik graph hai jo points ko line se jorta hai. Yeh chart time-series data ko zahir karne ke liye istemal hota hai, jaise ke samay ke sath kisi parameter ka tabdeel hona.

Pie Chart: Pie chart, ya istara, aik circle ka chart hai jo sectors mein taqseem hota hai. Har sector kisi data category ko dikhata hai aur us category ka hissah shumari se zahir karta hai. Pie chart ki sabse bari faida ye hai ke wo percentages ko aasani se zahir karta hai.

Histogram: Histogram, ya istara, aik bar chart hai jo frequency distribution ko zahir karta hai. Yeh continuous data ko zahir karne ke liye istemal hota hai, jaise ke temperature, height, ya weight ke data ko.

Scatter Plot: Scatter plot, ya istara, aik graph hai jo do variables ke darmiyan relationship ko dikhata hai. Har point data point ko darakht ke patton ki shakal mein dikhata hai. Scatter plot correlation ya trend ko dhoondhne ke liye istemal hota hai.

Har chart apne tajurbaat aur maqsad ke mutabiq istemal hota hai. Bar chart categorical data ke comparison mein madadgar hota hai, jabke line chart time-series data aur trend ko dikhata hai. Pie chart percentages ko zahir karne ke liye mufeed hai, jabke histogram frequency distribution ko samajhne mein madad deta hai. Scatter plot relationships ko zahir karta hai.

Charts ko sahi tareeqay se istemal karne ke liye, data ko saaf aur mufeed tareeqay se present karna zaroori hai. Har chart ka maqsad aur audience ko madde nazar rakhte hue, data ko behtar tareeqay se represent kiya jata hai. Iske ilawa, charts ko overload nahi karna chahiye, balke sirf zaroori aur relevant data hi shamil karna chahiye. Is tarah, charts data analysis aur decision-making mein ahem kirdar ada kar sakte hain

Types of charts





Forex aur stock market analysis ke liye kai tarah ke charts istemal kiye jaate hain. Yeh charts traders aur investors ko market movements ko visualize karne mein madad karte hain.




Yahan kuch pramukh types of charts hain:

1. Line Chart:
   • Line chart ek simple chart hai jisme har data point ko ek straight line se connect kiya jata hai. Yeh chart price ke over time changes ko represent karta hai. Line charts hamesha time (x-axis) aur price (y-axis) ko include karte hain.
2. Bar Chart:
   • Bar chart mein har time period (e.g., day, week) ke liye ek vertical bar hota hai. Bar ka top point high price ko, bottom point low price ko aur bar ka horizontal line opening aur closing prices ko represent karta hai. Isme colors ya shading ka istemal hota hai market movement ko highlight karne ke liye.
3. Candlestick Chart:
   • Candlestick chart bhi price movements ko darust karta hai lekin ek visually appealing taur par. Har time period ke liye ek candle hota hai jisme opening, closing, high, aur low prices ko darust taur par represent kiya jata hai. Bulls (buyers) aur bears (sellers) ko darust karne ke liye different colors ka istemal hota hai.
4. Heikin-Ashi Chart:
   • Heikin-Ashi chart bhi candlestick pattern par adharit hota hai lekin isme price movements ko smoothing karne ke liye ek khaas formula ka istemal hota hai. Ye chart trend aur potential reversals ko samajhne mein madad karta hai.
5. Renko Chart:
   • Renko chart mein price movements ke basis par hi bricks ya blocks banaye jate hain. Har brick ka size ek fix amount mein hota hai. Yeh chart trend ko achhe se darust karta hai aur noise ko kam karta hai.
6. Point and Figure Chart:
   • Point and Figure chart ek purana aur simple charting method hai. Ismein sirf price changes ko mark kiya jata hai, aur time factor ko ignore kiya jata hai. Xs aur Os ka istemal hota hai price movements ko represent karne ke liye.
7. Kagi Chart:
   • Kagi chart bhi price movements ko represent karta hai lekin ismein trend ko achhe se highlight karne ke liye jagged lines ka istemal hota hai. Yeh chart market volatility ko achhe se darust karta hai.

Har chart ka apna ek set of advantages aur disadvantages hota hai, aur traders apne preference aur trading style ke anusar inme se kisi bhi chart ka istemal karte hain. Hamesha yaad rahe ke chart analysis ek tool hai, aur market dynamics ko samajhne mein aur trading decisions lene mein madad karta hai.

Types of charts

Charton Ke Mukhtalif Qisamain

Aik maalumat ya data ko asan taur par samajhnay aur dikhane ke liye charts ka istemal hota hai. Charts aam taur par visuals ke zariye information ko saaf aur wazeh taur par paish karne mein madadgar hote hain. Yeh mukhtalif qisam ke hote hain, har aik apne khas maqsad ke liye istemal hota hai. Yahan ham mukhtalif qisam ke charts par baat karenge:

1. Line Chart (Rekhta Chart): Rekhta chart ek aise chart hai jo samay ke sath tabdeel hone wale malumat ko dikhane ke liye istemal hota hai. Ismein x-axis par samay hota hai jabke y-axis par malumat ka level hota hai. Yeh chart aksar trends ko samajhne mein madad karta hai. Jese ke ek company ke shares ke dauran kaafi arse mein hone wale tabdiliyon ka pata lagana.

2. Bar Chart (Bar Chart): Bar chart ek aam aur asan taur par samajhne wala chart hai. Ismein har bar ek mawad ko darust taur par dikhata hai. X-axis par mawad ka naam hota hai jabke y-axis par uski quantity hoti hai. Bar chart ko istemal kar ke aasani se mukhtalif mawadon ke muqablay mein farq ko samajh sakte hain.

3. Pie Chart (Pai Chart): Pai chart ek aise chart hai jo kisi mawad ki kul quantity ko dikhane ke liye istemal hota hai. Ismein aik circle hoti hai jo mukhtalif slices mein taksim hoti hai, har slice kisi mawad ki quantity ko darust taur par dikhata hai. Yeh chart aksar percentages mein malumat dene ke liye istemal hota hai.

4. Scatter Plot (Scatter Plot): Scatter plot ek aisa chart hai jo do variables ke darmiyan ta'alluqat ko dikhane ke liye istemal hota hai. Har point aik coordinate ko dikhata hai aur aap asani se do variables ke darmiyan kisi pattern ya correlation ko samajh sakte hain.

5. Histogram: Histogram ek aisa chart hai jo ek variable ke distribution ko dikhane ke liye istemal hota hai. Ismein x-axis par variable ki ranges hoti hain jabke y-axis par uski frequency hoti hai. Yeh chart aksar statistical analysis mein istemal hota hai.

6. Radar Chart (Radar Chart): Radar chart ek aisa chart hai jo kisi entity ke kai parameters ko ek saath dikhane ke liye istemal hota hai. Ismein har parameter ko aik spoke ke taur par represent kiya jata hai aur un sabko aik circle mein jor diya jata hai. Yeh chart aksar performance evaluation mein istemal hota hai.

7. Gantt Chart (Gantt Chart): Gantt chart ek project ke tasks aur unke completion time ko dikhane ke liye istemal hota hai. Ismein har task ko aik bar ke taur par dikhaya jata hai, jismein bar ki lambai task ki duration ko darust taur par dikhata hai.

In charts ke ilawa bhi kayi aur qisam ke charts hain jo mukhtalif maqsad ke liye istemal hote hain. In charts ka istemal sahi taur par kiya ja sakta hai agar aap unke faide aur maqsad ko samajhte hain. Charts, data analysis mein asanai aur wazehi peda karte hain, jo ke decision making aur planning mein madadgar sabit ho sakti hai.

## Charts Ke Mukhtalif Types Aur Unka Use
Forex aur stock trading mein market trends aur price movements ko analyze karne ke liye charts ka use kiya jata hai. Charts traders ko visual representation provide karte hain jo decision making aur trading strategies ko enhance karne mein madadgar hota hai. Aaj hum kuch common types of charts ko discuss karenge jo trading analysis mein important role play karte hain.

### 1. Line Chart

**Description**: Line chart ek basic aur simple chart hai jo price movements ko ek continuous line ke zariye show karta hai. Is chart mein closing prices ko connect karne ke liye ek line draw ki jati hai.

**Use**: Line chart market trends ko identify karne ke liye useful hota hai. Yeh chart price movements ko visually represent karta hai, lekin itna detailed nahi hota ke specific price points aur patterns ko accurately capture kar sake.

**Advantages**:
- Simple aur easy to understand.
- Market trends ko quickly identify kar sakte hain.

**Disadvantages**:
- Limited information provide karta hai.
- Intraday price movements ko capture nahi karta.

### 2. Bar Chart

**Description**: Bar chart price movements ko vertical bars ke zariye represent karta hai. Har bar opening price, closing price, high price, aur low price ko show karti hai.

**Use**: Bar chart traders ko price range aur trends ko analyze karne mein madad karta hai. Yeh chart market ke volatility aur trading range ko easily show karta hai.

**Advantages**:
- Detailed price information provide karta hai.
- Market trends aur volatility ko analyze karne mein help karta hai.

**Disadvantages**:
- Complex aur visually less appealing ho sakta hai.
- New traders ke liye thoda challenging ho sakta hai.

### 3. Candlestick Chart

**Description**: Candlestick chart ek popular aur detailed chart type hai jo price movements ko candles ke zariye show karta hai. Har candle opening price, closing price, high price, aur low price ko represent karti hai.

**Use**: Candlestick chart market trends aur patterns ko identify karne ke liye use hota hai. Yeh chart candlestick patterns jaise Doji, Hammer, aur Engulfing ko easily visualize karne mein madad karta hai.

**Advantages**:
- Detailed aur comprehensive price information provide karta hai.
- Various candlestick patterns ko identify karne mein madad karta hai.

**Disadvantages**:
- Initial learning curve ho sakta hai.
- Complex patterns aur signals ko analyze karne mein time lag sakta hai.

### 4. Point and Figure Chart

**Description**: Point and Figure chart price movements ko Xs aur Os ke zariye represent karta hai. Xs rising prices aur Os falling prices ko show karti hain.

**Use**: Point and Figure chart price trends aur reversals ko identify karne ke liye use hota hai. Yeh chart noise ko remove kar deta hai aur clear price trends ko highlight karta hai.

**Advantages**:
- Market noise ko eliminate karta hai.
- Clear trends aur reversals ko show karta hai.

**Disadvantages**:
- Less detailed than candlestick charts.
- Limited data analysis aur pattern recognition.

### 5. Renko Chart

**Description**: Renko chart price movements ko bricks ke zariye represent karta hai. Har brick ek specific price movement ko indicate karti hai aur bricks ka color price trend ko show karta hai.

**Use**: Renko chart trends aur support/resistance levels ko identify karne ke liye use hota hai. Yeh chart price trends ko clearly visualize karta hai aur market noise ko reduce karta hai.

**Advantages**:
- Clear trends aur levels ko show karta hai.
- Market noise ko minimize karta hai.

**Disadvantages**:
- Limited intraday price information.
- Complex pattern analysis.

### Conclusion

Different types of charts trading analysis mein different purposes serve karte hain. Line charts simplicity aur trend identification ke liye useful hain, bar charts detailed price range aur volatility ko show karte hain, aur candlestick charts comprehensive price information aur patterns provide karte hain. Point and Figure aur Renko charts market noise ko minimize karte hain aur clear trends ko highlight karte hain. Traders ko in charts ke features aur uses ko samajhkar apni trading strategies ko optimize karna chahiye aur market trends ko effectively analyze karna chahiye.

Types of Charts

1. Bar Chart (Bar Diagram)

Bar chart ek aasan aur samajhne mein asaan tareeqa hai data ko visualize karne ka. Isme categories ko horizontal ya vertical bars ke zariye dikhaya jata hai. Har bar ki lambai ya chauhrayi uss category ki value ko represent karti hai. Bar charts aksar comparisons ke liye use kiye jate hain, jahan ek se zyada categories ko ek sath compare kiya jata hai. Yeh charts market research, sales analysis aur survey results ke liye kaafi useful hote hain.

2. Line Chart (Line Graph)

Line chart data ko ek line ke zariye show karta hai jo points ko connect karti hai. Yeh charts aksar time series data ke liye use kiye jate hain, jahan data time ke sath change hota hai. Line chart trends ko dikhane ke liye behtareen hota hai aur yeh time ke sath kisi bhi variable ke movement ko analyze karne mein madad karta hai. Iska use stock prices, weather patterns aur economic indicators ke trends ko track karne ke liye hota hai.

3. Pie Chart (Pie Diagram)

Pie chart ek circular chart hai jisme data ko slices ke zariye represent kiya jata hai. Har slice ka size uss category ka percentage ya proportion dikhata hai. Pie charts aksar percentage-based data dikhane ke liye use kiye jate hain, jaise budget distribution, market share aur survey responses. Yeh chart simple aur visual representation provide karta hai jo samajhne mein aasan hota hai.

4. Histogram

Histogram ek special type ka bar chart hai jo continuous data ko intervals ya bins mein divide karke dikhata hai. Isme x-axis intervals ko represent karta hai aur y-axis un intervals mein values ko dikhata hai. Histograms data distribution ko samajhne ke liye use kiye jate hain, aur yeh data ka frequency distribution show karte hain. Yeh charts statistical analysis aur data distribution ke patterns ko identify karne mein madadgar hote hain.

5. Scatter Plot

Scatter plot do variables ke darmiyan relationship ko visualize karta hai. Isme points ko x aur y axes par plot kiya jata hai, aur har point do variables ke values ko represent karta hai. Scatter plots trend, correlation aur outliers ko identify karne ke liye use kiye jate hain. Yeh charts research aur analysis mein important hota hai, jahan data ke darmiyan relationships ko samajhna zaroori hota hai.

6. Area Chart

Area chart line chart ki tarah hota hai lekin isme line ke niche ka area fill kiya jata hai. Yeh chart trends ko visualize karne ke liye use hota hai aur time ke sath changes ko show karta hai. Area chart ke zariye kisi bhi variable ke change ko clearly dikhaya ja sakta hai aur yeh multiple data series ko compare karne ke liye bhi useful hota hai.