Drawing Bar Cryptocurrency Charts in MetaTrader 4

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

To trade on charts a trader may prefer to use the Bar Bitcoin Charts. The above menu button shows how a trader can select this option on the MT4 software.

These are drawn using color coding:

• Red bar - Bitcoin Price went down
• Blue bar - Bitcoin Price market 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 trading price

Lowest point shows the low of the bitcoin trading price

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

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