What is Bar Chart?

A bar chart shows not only closing price, but consists of opening price, highest price, and lowest price during a time period (timeframe). The bottom of the vertical bar indicates the lowest traded price for that time period, while the top of the bar indicates the highest price paid. The vertical bar indicates the currency pair’s trading range as a whole. The horizontal hash on the left side of the bar is the opening price, and the right-side horizontal hash is the closing price.

Taking the example of one minute chart, every price movement within a minute period is represented by 1 single bar.

A bar is simply one segment of time, whether it is one day, one week, or one hour. Bar charts are also called “OHLC” charts, because they indicate the Open, the High, the Low, and the Close for that particular currency.

Open: The little horizontal line on the left is the opening price
High: The top of the vertical line defines the highest price of the time period
Low: The bottom of the vertical line defines the lowest price of the time period
Close: The little horizontal line on the right is the closing price