Does anyone remember bar charts?

[notapro]

Does anyone remember bar charts? They predated the candlestick in popularity, they are literally forgotten or never even learned at all by new traders.

[lloyd80]

I remember bar charts but I don't see any rhyme or reason to use them when candlestick charts are available. The candles are superior for sure.

Both bar charts and candlestick charts are commonly used by traders and investors to analyze price movements in financial markets, but there are some differences in their visual representation and the information they provide.

Bar charts represent price movements using vertical lines or bars, with the length of the bar representing the price range for the given period. The top of the bar represents the highest price reached during the period, and the bottom of the bar represents the lowest price reached. A horizontal line on the left side of the bar represents the opening price for the period, and a horizontal line on the right side of the bar represents the closing price.

Candlestick charts also represent price movements using bars, but the bars are colored differently to indicate whether the price moved up or down during the period. If the closing price is higher than the opening price, the bar is typically colored green or white, and if the closing price is lower than the opening price, the bar is typically colored red or black. The top and bottom of the bar still represent the highest and lowest price reached during the period, and the opening and closing prices are represented by the top and bottom of the colored section of the bar.

One advantage of candlestick charts is that they can provide more information about market sentiment and trend direction based on the color and shape of the bars. For example, certain patterns of candlesticks may indicate bullish or bearish sentiment or signal potential trend reversals.

However, some traders may prefer bar charts for their simplicity and clarity in representing price movements. Ultimately, the choice between bar charts and candlestick charts may come down to personal preference and the specific needs of the trader or investor.

I personally am not a fan of bar charts, the candles are superior charts.

[oscartg]

Bar charts are not as useful as candle charts. That's the short answer as to why they aren't popular anymore. i am familiar with them but I would never use them.

[bigmarket]

did some research on bar charts... I can't believe I didn't know about these