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Top 3 important tools for the Stock Market

Writer-Mcx Sure Gain

Trading in the stock market is a common challenge because no one knows the future of any stock with 100% Accuracy. However, the technical analysis is a method which can give a forecast of up to 75%. The perquisites for doing auto robot trading are charting platform with appropriate charting tools and the historical data for the particular stock.

MT4 or Metatrader 4 is the best charting platform which we can use for analyzing the stock market. It comes with the live data feed of various exchanges such as MCX, NSE, COMEX, FOREX, and Bit coin. The Metatrader is an awarded trading platform for trading in the FOREX market but, in India trading automatically is not opened for the retail traders. Indian’s can avail the benefit of its charting tool for making profitable trades. Metatrader is very easy to use software, and it comes with all charting tools as well as it allows building or install custom-made strategies. Most of the indicators are available in the default indicator list such as MACD, Moving average, Bollinger band, RSI, ADX, Stochastic, Zigzag.

Metatrader Demo account comes with some significant FOREX currency pairs. However, forgetting the data feed of Indian markets such as NSE and MCX, it comes along with a nominal charge of 499 INR monthly. MCX Sure Gain is the leading vendor of the data feed for MCX and NSE. After taking the subscription, you can become your analyst and can increase the ratio of booking profit into the trades. MCX Sure gain also work for the traders who do not have any knowledge about the charting and the technical analysis. Some other custom indicator comes on the market which gives clear indication about the direction of the market or the stock. The combination of indicator and the live data feed called “Auto buy and sell signal software.” It helps to take decisions quickly as it comes with sound and popup alerts. Whenever Market gives a trend change in any direction, it notifies about the difference immediately. It saves so much of the time because while using the auto buy and sell signal software; we do not need to stay in front of the computer all the time.

Now I am turning this blog to another new and very advanced technology called Auto Robot trading or Algo trading.

Algo trading means algorithmic trading in which trading performs automatically on the basis or any decided formula. In the foreign exchanges, auto trading is allowed for the retail investors, so they have the inbuilt auto trading feature in their trading platform. However, in India, the algo trading feature is not available on brokers trading software. We either use the API given by the brokers, or we use a third party connectivity tool called bridge. The bridge can take the signals from MT4 charting platform and place the order accordingly into the trading platform. It covers all major trading platforms such as ODIN, NEST, NOW, Trade Tiger, PI and Zerodha Kite.

Conclusion:

In this blog, we have covered all essential techniques for doing trading smartly and profitably. Traders who like to have the demonstration of the above services can visit the official website of MCX Sure gain. Whatsapp: +91–9555455557 or write us at ccare@mcxsuregain.com

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Stock2Options

Writer-svum Raju

 Stock2Options  Ph:9515309599

MCX Commodity Trading in India is a Source of income at part time.  Many Individuals with Computer Knowledge can earn some Income from Mcx Commodity Market to Meet their financial commitments and support to the regular income.  We provide free Live Intraday Trading Tips to earn income from MCX Commodities.  If you need further information Please contact :9515309599 or Comment.

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Blog- Algo Trading Process Explained

Writer-Mcx Sure Gain

Algo trading or automatic trading is a process of using software programme to perform the trading on a defined instruction. Manual trading always being a headache to traders because trading with consecutive loses a trader panic and slowly it may be a cause of losing patience. Algo trading is also known as the emotionless trading. Most of the traders are now shifting fasting from manual trading to Algo trading because it is possible to generate profit speedy and increases the frequency. Algo trading or auto robot trading is possible in the Indian market as well as in foreign exchanges. Most for the trades using FOREX trading has adopted the Algo trading in their trading pattern. Most of the trading platform is now coming up with inbuilt the auto trading feature which makes trading easy, profitable and emotionless.

PROCESS OF ALGO TRADING:
One can quickly initiate the Algo trading in their trading pattern by using some simple steps. Now, let’s discuss the prerequisites needed for performing auto robot trading or Algo trading.

Creating a Strategy:
First and the essential requirement is the Strategy on which we need to perform our auto trading. For making a strategy, we require charting software. MCX Sure gain advice for MT4 Platform because we feel that MetaTrader 4 is the best Platform for building a strategy. MT4 comes with inbuilt charting feature where we can see the chart of any symbol with the historical data feed and current market data. MT4 is also loaded with the essential indicators which are there in the market from more than 100 Years and even traders in stock and commodity market are using them for a long time. I am giving some name like Moving average, MACD, Bollinger band, RSI, ADX and many others. On the chart, we can plot one or more indicators and can plan a strategy along with the indicator or the combination of indicators.
It is not compulsory that you need to use those indicators which are available in the MT4 indicator list but, you can make your strategy as well if you have a little knowledge of coding. If you don’t know about coding then also you can code it from the market.

Coding a Strategy:
After making a strategy, we need to code it for Algo in any language which is supported by the trading platform or the charting platform. MT4 is again best for coding a strategy because it comes with the MQL editor where one can merely code the strategy accordingly. If the trader is not as technical in coding, the can freelance or give any project on the freelancing websites. MCX Sure gain is also providing services for coding strategy according to the conditions or the indicators presented by the traders. Once your strategy gets coded, then you can proceed to the next step.

Testing the strategy:
Examining the strategy is very important because it is the only task which will clear the picture of the strategy. The coded strategy needs to be tested in most of the time frames and with many symbols. It is not the final step because we need to check the strategy by changing the parameters also because a single metric doesn’t work on all symbols and on all time frames. MT4 comes with one more attractive feature called strategy tester. In the strategy tester, you can examine the past movement data with your indicator, and you can get the result data about your success ratio of you your trading strategy.

Making Rules for trading:
Once you test and found that the indicator or the strategy you made is profitable for you and it can make money fastly, you can move further to write down the rules of your trading strategy, and then you must follow those rules for being a successful Auto robot trader or Algo trader. For being a successful trader, we must make and follow the rules. Trading only can be profitable in Algo trading, if you don’t alter our rules. Changing parameters or the strategy frequently can give false results.

Conclusion:
Algo trading is just like a Robot trading without any manual intervention. Traders should do the process told in the above paragraphs and follow it with determination. These are the necessary things about Algo trading. Be a part of it and start earning the profit by being a successful smart trader. If the reader wants to get more knowledge about Algo trading, can visit our website http://www.mcxsuregain.com or Call or WhatsApp at +91–9555455557. I hope reading this blog increase your understanding of the Algo or auto robot trading.

Happy Trading!

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Use of Virtual Private Server for Auto robot trading

Writer-Mcx Sure Gain

The virtual private server is a virtual operating system which is available to automate any process which we cannot do on our personal computer. The virtual private server is a hosting service where we host website, databases, software, and auto robot trading in stock and commodity market. We can connect it via a tool provided in Microsoft windows called Remote desktop connection. The virtual private server has its internet, and the main feature of VPS is that it remains started forever until we don’t close it. The virtual private server is critical for those who are trading in stock and commodity market with Auto robot trading. 


While we make a strategy in stock and commodity market, we need to host it in the Virtual private server because it is not possible to keep your computer ON all the time and also to keep it connected with internet all the time. When we shut down the computer and restart it, at that time we need to reset the tools which are required in order to perform the auto trading. It may cause losing the previous trade history and some other essential trades too. In this blog, we are going to discuss what all aspects are needed while using the Virtual private server.


Method to Run the Virtual Private server:


Windows operation system gives an option to open it straightforwardly. Search in the windows programs for Remote desktop connection and the first field; we need to put the Ip address provided by the VPS provider. In the second field, we need to set the username and password. Most of the VPS do have a default username Administrator and a unique password. Once we complete this process, it will redirect us to the operating system which looks like the desktop of a computer.


User Manual and precautions:


VPS server comes with various hardware configurations such as CPU, RAM and Disk Space. We can take VPS according to our need and according to our needed location. VPS allows us to install all software needed for trading in stock and commodity market. MT4 provides auto robot trading feature in the software itself. Most of the FOREX traders are trading automatically trading via VPS only because, they don’t want to get an interruption in their trades. While we use a personal computer, we need to face many issues such as hardware failure, internet, and electrical failure. On the other side, VPS is not having such types of problems because the providers have high-quality servers along with high-speed internet and up to 99% uptime.
 Now we need to move to Indian stock and commodity markets, where we do not get the feature of Auto trading in the trading platforms. That is the reason we need to use a bridge software and MT4 Platform. An MT4 platform is used for generating signals according to the strategy made for auto trading. Bridge software connects to the MT4 and Trading platform. It receives signals from MT4 and pushes the message to the trading platform accordingly. It is compulsory to open all three software in the Server to perform the auto robot trading because, if all three software does not remain in running mode, it can be the cause of losing the trade. 


Things which can interrupt the Auto trading:


Monitoring the CPU and the memory usage consumption is essential. If the CPU and memory consumption reaches up to 100% level, it may increase the chances of crashing the Virtual private server and can make software not responding. MT4 always use high CPU consumption because it comes with a regular live feed of market data via web sockets. It can decrease if we use it correctly. Don’t keep all market data in the market watch window. Use only those symbols in which are going to do trading. One more important fact about the MT4 is that Indicator which we use also impacts the memory and CPU consumption. Always try to watch limited charts in the chat window because it will maintain the memory and CPU. If CPU usage reaches 100 %, it may also forcefully restart the VPS which may result closing the running software, and that may cause losing trades.


Monitoring CPU and Memory:

We can monitor the CPU and Memory by following easy steps. We need to the right click on the task-bar of the virtual private server and click on task manager. In the process section, we can see the memory consumption of all running software. In the part of the performance, we can see the CPU and memory consumption. An indicator which is having colossal coding and conditions according to our state makes it, and it will start using high memory and CPU.


Key Points to use VPS properly:
1. Avoid frequent connection
2. Monitor CPU usage 
3. Don’t Close any software during trading
4. Open and Close VPS properly


Conclusion:
If we follow the above steps, we will never miss any trade, and our auto-trading will run correctly without any interruption. Follow the steps correctly to use auto robot trading because your money is precious and hard earned. Any interruption may cause losing money. Auto trading is also called emotionless trading, enjoy the emotionless trading with the Virtual private server.


Happy Trading!

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Best MT4 indicator for Live Crude Oil Trading

Writer-Mcx Sure Gain

Crude oil is the highest trading commodity all over the world. Most of the traders keep crude oil in their portfolio because it is highly volatile. Traders in India remains much interested in Crude oil and always get in search of the best strategy which could be profitable. This blog is going to stop the search because we are going to introduce a digital strategy for crude oil for live MCX trading. MCX Sure gain has recently launched the best plan for Crude oil traders called ‘ Jarvis Trading system.’
Before giving a brief detail about JARVIS trading system, we need to discuss the trading behavior of the traders in India. Traders love to trade in two ways.

1. Intraday
2. Carry forward or Positional based trading

Intraday trading is also known as the trading for the one day. In this type of trading, traders take position and square off the trade on the same day. MCX commodity exchange allows trading Since 10:00 AM morning to 11:30 PM. However, in US commodity exchange (COMEX) remain open after the Indian trading period so, when the next day market opens, it always open with gap up or gap down and this may cause opening against the trader’s position. That is the reason that the traders who don’t want to take that risk, square off the trade on the intraday basis.

Traders who trade with any strategy which gives signals for long-term are buying and selling with the carry forward method because they remain ready to have a good gain or a significant loss. Trading in which trader carry their position for more than one day is called Carryforward or Positional trading. Carryforward strategy gives profit when the market provides a good upside or downside rally.

MCX Sure gain tried to merge both traders and to generate a smart revenue on their investment. This demand of market gave birth to the JARVIS Trading system. JARVIS trading gives good profit on a monthly basis. Traders who are willing to stay happy with a handsome profit can choose JARVIS trading system in their portfolio because it is a test strategy which gives the return on a regular basis.

JARVIS trading system is the strategy based on a new technology called a neural network. A neural network is a technology where we allow the machine or the indicator to learn about the past moves of the market and to take the future prediction accordingly. One more difficulty trades face during their trading is to find the exit level from a trade. While using an indicator, it is straightforward to see an entry as according to the condition the indicator gives the alert to BUY or SELL. Trades always want to have the highest profit in every trade. In other words, we can say that they assume to take the BUY at the lowest price and to SELL at its highest level. However, unfortunately, it is not possible through the standard Indicator because as you pronounce indicator, it is clear that it can only indicate but not comes with any confirmation. As we discussed the JARVIS trading system, it is Just a somewhat brilliant system. We don’t need to worry about taking an exit from any trade because JARVIS itself decide about exiting with high return on the trades.

In short, JARVIS trading system is you trading buddy who takes all the responsibilities itself and trade accordingly to get you in profit at the end of the month. In last 2 Years, JARVIS trading system has generated profit or more than 8000 Pips in Single lot Crude oil trading. If we consider it in another way, we can say that on an average monthly it has generated the profit of 330+ points. In Indian rupees, it is 33000 INR every month on an investment of 80000–90000 Capital. This calculation shows a tremendous result which is more than any other investment procedure. The above conclusion is wholly based on the study sticks of the real movement of the Crude oil since last 2 Years.
Conclusion:
Trades who are looking for a regular return on the investment, they must use the JARVIS trading system for at least at least three months and then they will surely get the highest return on their investment. MCX Sure gain strongly recommend the JARVIS trading system for crude oil lovers. Get more details : http://www.mcxsuregain.com/services/auto-buy-sell-signals or Call : 9555455557
Disclaimer:
Trading in stock and commodity market can be risky. The above details which we have shared are from the study sticks from collected past movement database of Crude oil. Traders may be advised using their mind before taking this system into their portfolio.

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6 Things to do before Investing in Stock Market

Writer-Mcx Sure Gain

Money is the first priority of Human being because money can buy anything in this world. This mentality attracts people to invest money in a stock market. The rumor about the stock market is, it is the best business where we can earn money faster than any other.  But, one should understand the dark side of the quote as well. Yes, it is true that the Stock market is the best source for making money but it is not as easy as we think and dream about it. Trading in the stock market is not as simple as we think. Research and the fact are totally different.  Most of the surveys about the stock market say that more than 90% of traders are losing their money in the stock market. In this blog will discuss the facts of the stock market and how we can make smart money from the stock market with some easy steps.

 

First and the most important thing which we need to understand about the stock market is, it can give you a higher return on your investment but, we must have information about the trading procedure in depth. Most of the traders lose their money because of the lack of the appropriate knowledge about the real trading procedure. Following are some important things which we need to keep in our mind before starting trading in stock or commodity market.

 

Getting appropriate information:

 

The stock market can give you higher returns but on the other side, it can suck your all capital also in seconds. The stock market is a game of volatility and big trendy moves. In short, we can say that the ups and downs are called the trends of the market. Before we invest our hard earned money into the stock market and commodity market such as MCX, NSE and BSE, we must know that what is stock market and how to find the best deals in trading on any stock or commodity. Google is the best option to get the important information about the stock market. Investing money without having proper information about it can be the cause of losing money very faster. We all know that throwing a bunch of papers is very easy but to collect these papers again is very tough. Same things applied to the investment. Taking the worst decisions is very easy but to recover the money again is tough. As a conclusion of this headline, I can say that first get full information about the stock market before getting involved in it.

 

Stop following the herd:

 

Investors generally don’t get the proper information about the stock market and simply follow the ship way of following others who had invested and exhausted their hard earned money. They simply go the broker and the executives of the brokers give them sweet bites about the stock markets. Brokers always want to earn the commissions on your trading. They simply want to increase the number of entries and exits because that is the only way of their earning. They never think about increasing your capital because it not their matter whether you have earned or not. They simply want you to generate the higher amount of brokerage by doing over trading in stock market.

 

 

Finding the best advisors:

 

In the stock market, it is also a very tough task to find the best advisor. If someone doesn’t have appropriate knowledge about any field where the person doesn’t have any information about, always search for an advisor who can advise for the good picks or stocks where the trader can earn money. But, there is also a twist in the story. Most of the advisors are like the wolf. They are also playing games with traders to feed themselves. They are not analyzing the market and they are giving fake tips and it cause losing money. In India, more than 70% of traders depend on the advisory firms and that is also a cause of losing money. They have the trick of choosing two traders and giving buy information to one trader and about selling information to another trader. One out the two will earn and then another one will lose. They simply call and ask for depositing the subscription charges from those who win in this game. On another side that loses the money is the unlucky one because they will stop picking their phone calls as well.

 

Be your own Analyst:

 

There are some interesting tools and method to analyze the market trend easily. The method of forecasting the price move is called technical analysis. Technical analysis can be done by some simple software and simple charting method. We just require a charting software where we get the past movement data and the current market data of any particular stock or commodity. You also can read some eBooks related to technical analysis. MCX Sure gain also provides the charting software called MT4 (Meta trader 4). Charting software always make you understand about what is cooking in the stock so, you can easily take action according to the trend of market and this action could be a profitable decision of yours.

 

Use of charting software:

 

Trading without technical analysis is called gambling. We must stay away from gambling because as a result of gambling you will get empty pocket. Always use charts and charting software to get the proper update about any stock or commodity. MCX Sure gain suggests the MT4 charting software because it’s being used worldwide. Traders who trade in Indian Stock Markets, they also can use of watching MCX Live, NCDEX Live and NSE Live Prices. MT4 is a trusted name in the industry of Stock market because most of the companies in different countries are using the MT4 software for their trading and charting purpose. MT4 comes with various free indicators such as Moving average, MACD, Bollinger band, RSI, ADX etc. You can use the indicators and easily analyze the next move of market very easily.

 

 

 Use Auto Buy Sell signal Software:

 

If you don’t have appropriate information about technical analysis then you can use auto buy sell signal software. Auto buy and sell signal software comes with many features such as arrows, sound alerts and popup alerts. The use of auto buy sell signal software is very simple. You need to open the chart of the desired stock and apply the Auto buy sell signal indicator in the MT4. Whenever the signal gets generated, you will get a sound and pop up alert for the same and you can easily take your trades. Auto buy sell signal software gives accuracy up to 75% which is best to earn money smartly from stock market.

 

Conclusion:

 

Do Not waste your hardly earned money by gambling in stock market. Just assume stock market as a business and then take all decisions very carefully and by getting appropriate information. For getting more information about the stock market you can visit our website : www.mcxsuregain.com

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MCX Live Price | Gold Price Today

Writer-Mcx Sure Gain

Trading in MCX commodity market became viral after digitalization of internet and computer. Traders now want to get connected with the live movement and the fluctuation because it is very compulsory to stay connected with MCX live price. If a trader is trading in any commodity Live gold, silver, copper, crude or any other commodity, it is just to stay connected with the live market because the volatility in those symbols remains very high. Within seconds commodities give big up and downside movement.  If the movement is in favour then traders can earn the smart sum of money in seconds but, if it is against your trade then it could be a huge loss.

Importance of Live prices of Commodities:

People who are involved in the trading of stock and commodities, always search in google for Live MCX price, live MCX, gold price today, gold rate today, live copper price, live crude price. In this blog, we are going to discuss a website which gives solution for all searches regarding live MCX and NSE prices. MCX Sure gain is the only website where you can get not only the live quotes of MCX and NSE but also you can get the levels where you can purchase or sell any commodity. As we all know that in India as well as over the world, GOLD is a very precious commodity which is not only available for trading but also for physical buying and selling.

Beneficial for Non-Traders:

Jewellers always search in google for the gold price today or live gold streaming quotes. MCX Sure gain provides the live feed of all commodities on their website home page and also on the live quotes page. In the home page you can get the selected live prices of MCX and NSE but, if you go to the live quotes page then you can get the customized market watch. In that page, you can search your favourite symbol and stay connected with the live market prices.

Other Benefits of MCX Sure Gain website:

Mcx Sure Gain website is genuinely working to help traders by giving them buy and sell levels over the website but, for getting such benefits traders should register in MCX Sure gain website and then after getting login to MCX Sure gain website, they can access Live MCX and NSE market, Fibonacci levels, Support and resistance levels, LME inventory update, Live Commodity Tips by MCX Sure gain team and other users. If someone log in with MCX Sure gain account, he or she can post their own predictions about the market on MCX Sure gain portal and it will be visible to all the users of MCX sure gain family.

Conclusion:

MCX sure gain website is very useful for traders because it comes with very good technical tools and the useful news about the trend of the market. The website of MCX Sure gain is having access to the sensitive data regarding market next moves such as the Support and resistance levels and the Fibonacci levels. MCX live price is the key feature of the website which provides the Live price of stock and commodity market so that, a user can stay connected with the movement of the particular stock or commodity where he or she had the position. In short, I can say that MCX Sure Gain is the best solution for Indian stock or commodity trader. I hope this blog is informational for Indian stock and commodity traders.

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The Importance of Equity in Stock Market

Writer-Mcx Sure Gain

As soon as the investor finance reflects the residual interest in the resources of a business, that has already been dispersed to different investors of preferred or common stock, is called equity. Each time a firm is set up, its own owners devote a few capitals from the industry to fund its daily surgeries. This produces a responsibility about the business enterprise while in the kind of funds as the firm has another identity from the proprietor completely. Small business, with the intention of bookkeeping, is believed to be a sum of accountability and strength. That is likewise called the accounting equation. After most of the obligations are accounted for the positive rest is utilized from the proprietor's attention within the company. This expression is helpful in the comprehension of the waiver procedure in the event of insolvency.

 In the beginning, most of the secured lenders are compensated contrary to the profits from those resources. Then set creditors that are rated from the arrangement of this settlement possess another rights or claim to the remaining profits. The possession fairness would be your residual or last, argue against those assets, which are compensated just after the other collectors are paid out off to. Ordinarily, such cases at which lenders are not able to manage enough dollars to pay for their invoices, maybe not really to reimburse the proprietor's fairness. Thus the proprietor's equity is paid down into minimal or zero. The possession fairness can also be popularly called a hazard richesse or accountable funding. As soon as a person or perhaps a business purchase and hold stocks of the specific stock at a stock market, it's called an equity investment. They can do therefore in expectation of cash flow from different gains and capital profits while the worthiness of this discussion rises. Equity holders acquire voting rights to perform their vote candidates for the board of supervisors while in the firm they got a bet. They're also able to allow particular big trades and residual legal rights they reveal into the organization's profits in addition to in regaining some region of the provider's assets at the function it folds, nevertheless they often possess the smallest and also backward settlement while restoring their investment.

Additionally, this usually means the purchase of equity involvement at an exclusively limited business or even a startup corporation. If an investment is created in an infant corporation, it's called a partnership capital expense plus it is generally considered a top hazard than buying recorded concerned conditions. These stocks that are held by private persons in many cases are called mutual funding or alternative kinds of corporate investment strategies, most of which contain its prices offered and recorded in monetary magazines or newspapers. These mutual funds are all handled an average of by prominent fund management organizations. These holdings let lots of respective traders to acquire various capital and receive the ability of their expert finance managers responsible for their money. Instead, that will generally be accompanied closely by investors and retirement capital, and they hold stocks directly within an environment. Many customers that maintain their very own portfolios are called staging capital that opposite Will Be the pooled Mutual-fund choices

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Blog - Super Trend Indicator and Scanner

Writer-Mcx Sure Gain

A super trend is the most popular indicator for technical analysis in stock and commodity market. Trader's community is using this indicator for a long time, and it's a favorite strategy among them. Super Trend indicator is based on ATR and multiplier. It comes with the flexibility of changing the parameters and also you will get a line above or below the chart which confirms the bullish and the bearish trend of the particular stock in which we plot it. Most of the financial service providers are having this indicator in their portfolio, and MCX Sure gain is also one among them. We require the charting software with an appropriate data feed of a particular stock or commodity where we want to plot this indicator. MCX Sure gain strongly supports MT4 platform because it is the online charting platform where you can get the live feed of not only MCX and NSE markets but also FOREX and COMEX.

MCX Sure gain is providing two types of super trend indicators. One is normal and the second one is the Scanner mode. In the manual version, you need to apply the super trend indicator to a particular chart, and it will show the buy and sell indications as an arrow. It will also show the target and Stop-loss lines in the charting window. However, if you want to see the many numbers of charts or the movement in more charts, then it is not easily possible in MT4 because it uses the high memory of PC and sometimes it makes your computer not responding. There is a solution to the problem which is the Scanner mode. MCX Sure Gain has recently developed the scanner for Super trend indicator which can scan more than 500 symbols at once without using heavy CPU or memory of the Computer.

The latest version is the Super trend scanner in which you can scan any number of symbols simultaneously. MT4 provides market watch in their charting terminal, and the Super trend indicator can examine all the symbols attached to the market watch list. Now you can get alerts as a popup and sound. Whenever the super trend generates the Buy or Sell signal in any particular symbol, it notifies you immediately without any delay. MT4 is the excellent platform to run such kind of scanners without any problem of hanging so that, more than 500 charts can measure at a time and traders can stay connected with the movement of the market with a very simple scanner. I am giving you the link of getting the demo of the super trend and the scanner. I hope the information provided in the blog was knowledgeable. You can follow me for getting more blogs related to stock and commodity trading.

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Types of Charts in Technical Analysis of Stock Market

Writer-Mcx Sure Gain

Charts are graphical illustrations of price representing Auto buy sell over time. Signal software, make use of historical chart data which is a combination of volume and price at regular intervals. Trading platforms like MCX, NSE live, and MT4 data use charts to represent market values alongside technical analyst also known as chartists. Nowadays, charts are created with computers. 

In Technical Analysis of Stock and Commodity Market, the chart types and scale used is dependent on what data you which to consider. The key chart types used by technical analysts are

  • Bar Chart
  • Candlestick Chart
  • Line Chart
  • Point-And-Figure Charts
  • Renko Chart

Bar Chart.

Bar Chart

Bar chart (also known as Open-High-Low-Close (OHLC) charts) is amongst the essential tools used in technical analysis. It includes series of vertical lines showing price range for a given period. With bar charts, traders on MCX, NSE live, MT4, etc., can learn patterns easily by just observing the highs and lows. The horizontal dash represents the opening price on the left side while the horizontal line represents the closing price on the right side.

Candlestick Chart

The candlestick chart is so-called due to the chart core component represented by what looks like a candlestick, with a thick ‘body.’ A line generally extends above (upper shadow) and below (lower shadow) it respectively. They both denote the high and low price respectively. Candlestick charts are most valuable when considering a short time frame. The full part shows the closing and opening price. The thinner parts (also known as upper/lower wicks or as shadows) indicates the highest/lowest prices during for a specified period. The connection between both body parts is key to candlestick patterns as it makes it easy to detect gaps. A small drawback for this chart type is that it uses more space than OHLC bars. In most Trading platforms like MCX, NSE lives, and MT4, the most displayed with candlestick chart is a little less than what is obtained with a bar chart.

HeikinAshi Chart.

 

Originally from Japan, HeikinAshi charts are comparable to candlestick charts regarding denoting the direction of price movements. HeikenAshi charts are capable of showing downtrend and uptrend more visibly. The significant difference between HeikinAshi and candlestick charts is that HeikinAshi charts use average price moves, thus producing a better representation of market charts. The HeikinAshi charts do not display the exact open and close prices making them more useful as indicators. It can also be used independently.

Line Chart.

Line charts are also most basic charts, and it is usually represented by single lines from left to right linking closing prices. The line chart is a simplified chart type used for demonstrations and reports to provide a bright, simple, and general idea of the past and current path. While Line charts do not offer much insight into daily price activities, some traders consider the closing price to be more significant than others.

Point and Figure Chart.

 

Point and Figure Charts are not very popular amongst average investor but comes with a long history dating back to early technical traders. The Point and Figure Charts only emphasize significant price movements, while removing ‘noise.’ It consists of columns made from O’s and X’s representing the filtered price moves. X-Columns signifies price rise and O-Columns signifies price fall. Time is no factor in Point and Figure Charts, as it is highly dependent on price movement. The creation of this chart streamlines the drawing of resistance levels, support, and trend lines, which makes it ideal for detecting such changes.

RenkoChart.

Renko Chart offers noiseless charting technique that focusses more on price activities, ignoring time and volumes. Renko Chart uses bricks to denote price rise or not in Auto buy sell. If a notable rise or fall in price is established, a new corresponding brick size is placed. It is also worthy to note that new bricks are only placed using specific criteria as specified to the signal software.

CONCLUSION

Finally, charts are essential in signal software for Auto buy sell. Each chart listed above has its importance. However, the usage of different chart types is dependent on the trader’s choice and what strategies you plan to implement. So, getting a general acquaintance with these chart options can aid you to become a better analyst with time.

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