PERIODS

Charts are viewed as a sequence of periodical prices. The fastest moving chart is a tick chart. Tick charts can only be seen in a line format since the low, high, opening and closing price during that period are one and the same. Every point on the chart represents one tick or one price quote. The next period is usually a 1-minute chart and then periodically higher: 5 minutes, 10 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly and monthly.