Learn how to switch effortlessly between bar, candlestick, and line charts for optimal trading insights.
MT5 chart types
There are three types of charts in MT5 (MetaTrader5).
- Bar chart
A popular chart for technical analysis is the bar chart, where each time series is represented by one bar. Each bar has two horizontal lines showing the open and close levels. The very top of each bar represents the highest price traded during that period, while the bottom signifies the lowest. The horizontal notch to the left is the opening price, and the notch to the right is the closing price.
Bar chart
- Candlestick chart
This is popular in Japan and Taiwan, among other regions, including Europe and the US. The candlestick chart displays the open, close, high, and low prices of a trading instrument.
Candlestick chart
- Line chart
A line chart visually plots the closing prices with a single line. It provides a simplified view by displaying only the close prices, making it easier to identify the market's direction.
Line chart
How to change chart type in MT5
There are several ways to change the chart type in MT5. Let’s explore some of them.
- From the Toolbar
Select the chart you want to modify from the toolbar in MT5, then click to change the chart type.
Right-click on the chart and choose your preferred type from the three options.
- From the Menu
Click ‘Charts’ in the menu and choose your preferred chart type from three options.
- Shortcuts
You can use keyboard shortcuts to switch between different chart types while the chart is open.
「Alt + 1」 Bar chart
「Alt + 2」 Candlestick chart
「Alt + 3」 Line chart
This article and its contents are intended for educational purposes only and should not be considered trading advice.
