Let us talk in this article on such an interesting forex subject as forex graphics of the prices and the trading period on forex market.

Schedules or as they also called forex graphics of the prices are intended for the technical analysis of Forex market. Train diagrams of the prices are under construction on two co-ordinate axes: a vertical axis – “Price” and a horizontal axis – “Time”. For construction of price schedules the certain trading period is used: a tic, 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, day, week, month.

For construction of price schedules the following data is used:

(open) the opening price is the price of the first transaction during the trading period.

(close) the closing price is the price of last transaction during the trading period.

(high) a ceiling price is the highest price for the trading period.

(low) a floor price is the least price for the trading period.

(volume) volume is a quantity of the contracts concluded during the trading period.

Let’s consider principal views of schedules of the prices:

First of all let us mention about the linear schedule. The schedule line displays the closing prices (close) on the end of each trading period. An axis of the prices is vertical and a date axis is horizontal.

Let s also mention the so called Barrow schedule. Vertical lines with hyphens show the opening price (open), a floor price (low), a ceiling price (high) and the closing price (close) for the trading period. The ceiling price is underlined on the uppermost point of the schedule and on the lowermost – a floor price. The hyphen on the right side specifies in the closing price and on the left side – on the opening price.

The schedule «Japanese candles»: It is very similar with Barrow schedule, but at «the Japanese candle» the vertical line has “body”. If the price of closing above the opening price then the “body” will be in white color and on the contrary it is in black color. The hyphens departing from “body” of a candle to the maximum and minimum value of the price on the certain period are called as “shade”. A candle at which “body” in comparison with a shade has small volume is called “rain”.

The schedule “tic-tac-toe”: the schedule consists of several columns «Х» and “O”. The column «Х» shows change of the price for certain size. Daggers are added until the price grows. If the price decreases on size, big or equal to the established threshold of a turn there is a column “O”. The column “O” begins from top to down and the first zero is put on one cage below last dagger of last column.

There are also other kinds of price schedules of forex: volume Japanese candles, schedules of Renko, schedules of break of 3 lines, schedules of Kagi and many other that you should definitely find out about if you want to be successful on the forex market.

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