Construction of Bar Charts
Bar charts are formed from four types of prices, namely: opening price, highest price, lowest price and closing price. The opening price is always on the left, and the closing price is always on the right. While the highest price and the lowest price are connected with the vertical line in the middle between the opening price and the closing price.
Bar charts are also often called OHLC charts, which explain:
- O = Opening Price
- H = Highest Price
- L = Lowest Price
- C = Closing Price
Figure 7. Example of Bar Charts
Pic 8. Bar Charts. Closing Price > Opening Price
Pic 9. Bar Charts. Closing Price < Opening Price
Pic 10. Bar Charts.
Opening Price = Lowest Price
Closing Price = Highest Price
Pic 11. Bar Charts.
Opening Price = Highest Price
Closing Price = Lowest Price
Pic 12. Bar Charts. Opening Price = Highest Price = Lowest Price = Closing Price
Pic 13. Bar Charts. Opening Price = Closing Price
Pic 14. Bar Charts. Closing Price = Lowest Price
Pic 15. Bar Charts. Closing Price = Highest Price
Pic 16. Bar Charts. Opening Price = Highest Price
Pic 17. Bar Charts. Opening Price = Lowest Price
Pic 18. Bar Charts. Opening Price = Closing Price = Highest Price
Pic 19. Bar Charts. Opening Price = Closing Price = Lowest Price
