RaS: An Alternative Charting Technique by Marco Alves
Technical analysts rely on charts to make their trading decisions. Some prefer to look at bar charts, others prefer candle charts, renko charts, line charts, or … There are many options to choose from. Here’s another one to add to your list. It combines bar and candlestick charts and makes your charts more visually appealing and intuitive.
Many types of charts are available to plot price over time—from those that rely solely on closing prices (such as line charts, symbols, area graphs, histograms, and so on), to those that are not time-uniform (such as renko, kagi, point & figure, and so forth), to the most popular ones—bar and candlestick charts ...