Daily Chart

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DEFINITION of 'Daily Chart'

A line graph that displays the intraday movements of a given security. This contrasts to longer term charts, such as those that show a security's movement over a period of days, months or even years.

BREAKING DOWN 'Daily Chart'

Daily charts display all of the price movement for the period and are typically used by day traders to implement short-term strategies.

Because the forex operates 24 hours a day, there is technically no stoppage of trading between one trading day and the next as there is in other markets. As a result, the convention is to consider a forex day to be from 5pm EST to the same time on the following day, and most daily charts are displayed this way.

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RELATED FAQS
  1. What is the Weighted Alpha formula and how is it calculated?

    Investors and analysts use weighted alpha to measure stock price movements over the course of (typically) one year. The values ... Read Full Answer >>
  2. What is the On-Balance Volume (OBV) formula and how is it calculated?

    On Balance Volume, or OBV, creates a running total of positive and negative trading volume for a stock or security. One of ... Read Full Answer >>
  3. What are the main trading signals traders use when applying the Aroon Indicator?

    The Aroon indicator trading system is actually composed of two separate indicators: Aroon up and Aroon down. Each of these ... Read Full Answer >>
  4. Is there any way to check the historical rates of different currencies?

    Yes, you can create a daily price chart of different currencies going back many years. Price charts can be found on the internet ... Read Full Answer >>
  5. How does the foreign-exchange market trade 24 hours a day?

    The forex market is the largest financial market in the world, trading around $1.5 trillion each day. Trading in the forex ... Read Full Answer >>
  6. What assumptions are made when conducting a t-test?

    The common assumptions made when doing a t-test include those regarding the scale of measurement, random sampling, normality ... Read Full Answer >>

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