Changing your chart display from OHLC (Open, High, Low, Close) bars to candlestick charts is a simple process that can enhance your technical analysis experience. Candlestick charts offer a more visual representation of price movements, making patterns easier to identify.
Quick Method
On your standard toolbar, near the top of your MT4/MT5 Terminal, click the Candle icon to change the OHLC bars to Candlesticks.
Step-by-Step Instructions
Open your FXTRADING.com Trader platform
Locate the standard toolbar at the top of your trading terminal
Find the chart type icons in the toolbar (typically displayed as a series of small icons)
Click on the Candlestick icon (usually appears as a small candlestick symbol)
Your chart will immediately convert from OHLC bars to candlestick display
Alternative Methods
Using Chart Properties:
Right-click anywhere on your chart
Select "Properties" from the context menu
Navigate to the "Common" tab
Under "Chart type," select "Candlesticks"
Click "OK" to apply the changes
Using Keyboard Shortcut:
Click anywhere on your chart to make it active
Press Alt+2 on your keyboard to switch to candlestick view
Benefits of Candlestick Charts
Enhanced visual representation of price action
Easier identification of reversal patterns
Clear distinction between bullish and bearish movements
Better visualization of opening and closing prices
Improved analysis of market sentiment
Switching between different chart types allows you to find the visualization that works best for your trading style and analysis preferences.