Drawing Bar Cryptocurrency Charts in MT4

The third option on the trading charts menu in MT4 platform is the "Bar Bitcoin Chart" button. This button key is used to choose the drawing technique of bitcoin price movement as bitcoin price bars.

To trade on btcusd charts a trader may prefer to use the Bar BTCUSD Crypto Charts. The above menu button shows how a trader can select this option in the MetaTrader 4.

These are drawn using color coding:

Red bar - Bitcoin Price went down
Blue bar - Bitcoin Price went up

These bars also have horizontal line to the left & to the right: these are used to show opening (left horizontal dash) and the closing (right horizontal dash).

The highest point shows the high of the bitcoin price

Lowest point displays the low of the bitcoin price

These four points Open, High, Close, Low are Known as O-H-C-L, abbreviation of the first letter for these 4 levels, these four OHCL levels will be represented on each and every single price bar.

These charts aren't very popular among Bitcoin traders as they are not very appealing in terms of trading analysis and traders tend to favor other types.

Learn More Courses and Tutorials:

Trade Bitcoin Trading

Drawing Bar Cryptocurrency Charts in MT4