What are high-low charts
High-low charts use fully filled bars to display trading ranges during a period of time. They equally value all the price levels — open, high, low, and close, so this chart type can be very helpful if you're focusing on each of these levels and prefer to trade on full price swings.
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What is a high-low chart
Unlike other chart types, high-low charts use only one color to shade bars. Due to this, they can help you analyze bars' ranges without trend bias.
When you zoom into the chart, each bar would show you high and low prices at the top or bottom of each bar. Scalpers and intraday traders may find it especially useful, as even if a broader trend does matter, what happens within recent bars — matters most.
High-low vs standard bars
High-low
- Useful for quick snapshot of price volatility
- Clearer picture of price ranges
- May be helpful for analyzing not only prices, but also statistical data
Standard bars
- Provide clear picture of all the four price values
- Work better with chart patterns
- Better for analyzing market sentiment and gap trading
How to enable high-low charts
Once you are on Supercharts, open the chart type menu on the upper toolbar, and select "High-low."
High-low settings
Due to the chart type itself, you can change only the bars' and their border colors, and whether to display price labels.
To do that, find the gear button on the upper toolbar, and go to the "Symbol" tab.
High-low charts in a nutshell
High-low charts are best for day trading in highly volatile markets. But not limited to those, these charts can enhance your view on any market and asset — it all depends on your unique strategy.
Chart types are only one of the many visual tools which work alongside other technical analysis methods, used by traders and investors. Take your next step in learning other instruments to find the best configuration for your success.
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