Vertical Line Charting

Vertical line charting is a technique used by technical traders and market technicians to track the price trend of a security in order to forecast future price moves. In vertical line charting, a security’s daily price action is summarized by a vertical bar. The security’s daily high and low prices are denoted by the top and bottom of the bar, respectively, while its opening and closing prices are indicated by very short horizontal bars to the left and right of the vertical bar, respectively. Vertical line charts are valued because they are simple to plot and easy to read while still providing valuable and clear visual information about the stock market.