Identifying the Key Attributes for Your Stock Chart Style
Personalizing your stock charts to make it easier for you to read them can improve your ability to track your portfolio and pick stocks. Here are some key attributes you want to consider:
- Chart type: You must choose the type of chart you want, such as candlestick, bar, line, or area.
- Period: You must choose a period for your chart. The period you choose depends on the decision you want to make. Periods include monthly, weekly, daily, hourly, or by a set number of minutes.
- Range: You must choose the range for your chart, which can be as little as one day or as long as ten years.
- Color scheme: You can choose a color scheme for your chart. One common difference is to set one color for up days and a different color for down days. You can choose the colors that make it easier for you to read and use the charts.
- Grids: These are the lines you see on the screen. You can set each line’s appearance as solid, dashed, or dense.
- Legends: This is where you find the detail about the stocks or other assets for which you are developing a chart. You can decide how much detail you want to show.