Definition of Bar chart:
Bar charts show multiple price bars over time. Each bar shows how the price moved over a specified period of time. A daily bar chart shows a price bar for each day. Each bar typically shows the open, high, low, and close (OHLC) prices for that period. This may be adjusted to only show the high, low, and close (HLC). Technical analysts use bar charts—or other chart types like candlesticks or line charts—to monitor the price performance of assets which aids in making trading decisions.
Bar charts allow traders to analyze trends, spot potential trend reversals, and monitor volatility/price movements.
Horizontal rectangles (bars) chart in which the length of a bar is proportional to the value (as measured along the horizontal axis) of the item (entity or quantity) it represents. Also called bar graph, it is used commonly to compare the values of several items in a group at a given point in time. See also Gantt chart.
How to use Bar chart in a sentence?
- At the year-end sales meeting, Susan presented a bar chart with twelve bars, each bar representing total division sales for a given month.
- Bar charts can be colored coded. If the close is above the open it may be colored black or green, and if the close is below the open the bar may be colored red.
- If you want to put on a presentation for someone a bar chart can be a quick and easy way to get your point accross.
- The left and right horizontal lines on each price bar represent the open and close prices.
- The vertical line on a price bar represents the high and low prices for the period.
- She was being asked to make a presentation to the Board of Directors that outlined the last 5 years production figures, so using a bar chart was her choice to keep the results simple and easy to understand.
- A bar chart shows the open, high, low, and close prices for a specified period of time.
Meaning of Bar chart & Bar chart Definition