Charting
A graphical interface that presents price, volume and technical analysis indicators through a variety of visual interfaces such as line, bar, candlestick and open-high-low-close (OHLC) charts. The chart data is presented as a time series and users typically have the ability to view historical data with varying interval (sampling) periods. Interval periods range from seconds through to months; short term traders tend to use frequent interval periods, such as 1 minute i.e. the price data is updated every 1 minute, whereas longer term traders tend to use daily, weekly or monthly interval periods when trying to identify price and technical analysis trends. Some charting packages enable users to draw support and resistance trend line or for example Fibonacci retracements to help establish trending patterns.
Read more about this topic: Technical Analysis Software
Famous quotes containing the word charting:
“I love my mother for all the times she said absolutely nothing. . . . Thinking back on it all, it must have been the most difficult part of mothering she ever had to do: knowing the outcome, yet feeling she had no right to keep me from charting my own path. I thank her for all her virtues, but mostly for never once having said, “I told you so.””
—Erma Bombeck (20th century)