Stock Chart Types
I’m Meta Matt, Director of Education and welcome to PB University LITE! This is a 50 Class Trading 101 Series geared towards both new and veteran traders alike! We go over everything from Trading Psychology, Technical Analysis, and Options Trading to Commodity Trading, Forex, and more!! This 50 Class series is not designed be taken in order, it is instead designed for traders to browse and pick which classes interest them. I will include the list of classes at the bottom of this page.
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A Line Chart is what you normally see on the free online broker Robinhood’s app. It’s like a bird's eye view, plotting the closing prices.
It provides a clear picture of the overall trend.
The Area Line Chart is similar, but there’s an area below the line that is colored a specific color based on Bullish or Bearish energy, based on the broker you use. For the free online broker Webull it’s Green and Red.
Fundamental Traders can use the Baseline chart, which is a line chart that allows you to select a base level, for instance a price that a trader deems “fair value” price.
Long term investors and Fundamental Traders use this to see how far away the current stock price is from where they think it should be valued, to determine potential trades or risks.
The Candlestick Chart shows candles that represent periods in time, based on the timeframe you’re looking at. Each candle on the 1 minute chart represents 1 minute, on the daily chart it’s 1 day, on the 5 Minute chart it’s 5 minutes and so on and so forth.
Candles have a 'wick' at the top and bottom representing the highest and lowest price. The 'body' in between shows the opening and closing prices.
Heikan Ashi candles are calculated based on averages, as opposed to opens, closes, highs and lows. So they tend to show smoother trends than regular candle charts.
So, remember, understanding these charts is like deciphering a stock's language. We have Free Trading Classes that go over Candles in detail in our Discord, as well as a Premium Class going over 40 different candle patterns as part of our 14 Lesson New Traders Series.
PB University LITE Class List
1) Trading Terminology
2) Stock Market Indices
3) Common, Preferred, and Penny Stocks
4) Diversification of Assets
5) Fundamental Analysis Made Easy
6) Technical Analysis Made Easy
7) Risk Management In The Market
8) Portfolio Management
9) How To Follow Market News
10) Trading Psychology
11) Options Explained
12) The Greeks In Options Trading
13) How To Short Sell Options
14) Covered CALLS
15) Spread Trading
16) Online Brokers for Options Trading
17) Implied Volatility Calculators & Tools
18) Protective PUTS
19) Iron Condors
20) Straddles
21) Reading Level 2
22) Taxes
23) Trading Psychology Techniques
24) The Art Of Trading
25) Becoming A Jedi In The Stock Market
26) Futures Trading Explained
27) Commodity Trading 101
28) Regulatory Environments
29) How To Become A Millionaire
30) $100K In 100 Days
31) Wash Sale Rule
32) Behavioral Finance Part 1
33) Behavioral Finance Part 2
34) 5 Charting Indicators
35) Fair Value Gap
36) Insider Trading and Market Manipulation
37) Stock Chart Types
38) Moving Averages 101
39) Base vs Precious Metals
40) Electricity Trading 101
41) Trading Brokers 101
42) 5 Trading Strategies
43) 85% Trading Rule
44) Are Win Rates A Scam?
45) Futures Trading 101
46) ATR Indicator Strategy With The Greeks
47) MACD Indicator 101
48) Bollinger Bands Indicator 101
49) Wedges, Triangles, Flags and Pennants
50) RSI Divergence 101
