Daily Chart

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.

RELATED TERMS
  1. Weekly Chart

    A chart where each data point is comprised of the price movement ...
  2. Display Book

    A detailed tracking tool used on market exchanges that displays, ...
  3. Intraday

    Another way of saying "within the day". Intraday price movements ...
  4. Technical Rally

    An upward movement in a security's price following a declining ...
  5. OHLC Chart

    Short for "Open, High, Low, Close chart." This is a securities ...
  6. Reversal Amount

    The amount of price movement required to shift a chart to the ...
Related Articles
  1. Charts & Patterns

    Analyzing Chart Patterns: Introduction

    By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com Ever looked at the chart of a stock or commodity? Most likely, you have. Just about everyone who has ever analyzed a security ...
  2. Trading Strategies

    Technical Analysis: What Is A Chart?

    By Cory Janssen, Chad Langager and Casey MurphyIn technical analysis, charts are similar to the charts that you see in any business setting. A chart is simply a graphical representation of a ...
  3. Professionals

    Market Makers

    Because there are no specialists for the over the counter markets, bids and offers are displayed by broker dealers known as market makers. A market maker is a firm that is required to display ...
  4. Options & Futures

    Options Risk Graphs: Visualizing Profit Potential

    With a single diagram, you can see how price, time and volatility affect potential gains.
  5. Trading Strategies

    What Does Intraday Mean?

    Intraday is another way of saying “within the day.”
  6. Trading Strategies

    Technical Analysis: Conclusion

    By Cory Janssen, Chad Langager and Casey MurphyThis introductory section of the technical analysis tutorial has provided a broad overview of technical analysis. Here's a brief summary of what ...
  7. Trading Strategies

    Technical Analysis: The Basic Assumptions

    By Cory Janssen, Chad Langager and Casey MurphyWhat Is Technical Analysis? Technical analysis is a method of evaluating securities by analyzing the statistics generated by market activity, such ...
  8. Forex

    Chart Basics (Candlesticks)

    The use of candlestick charting in forex
  9. Trading Strategies

    Beginner's Guide To Stockcharts.com: Changing The Chart Type

    This is one of the strengths of stockcharts.com as there are all sorts of chart types available to users. Every option is available to all users, so even free members have the ability to express ...
  10. Options & Futures

    Introduction - Day Traders

    In this tutorial, we will examine the very short-term trading style known as day trading. In particular, we will show how the trader can create a winning combination by using particular strategies ...
RELATED FAQS
  1. How do I use the Ease Of Movement Indicator to create a forex trading strategy?

    Discover how forex traders can apply the ease of movement indicator with currency pairs to and highlight how sensitive price ... Read Answer >>
  2. Why is the Ease Of Movement Indicator important for traders and analysts?

    Read more about the ease of movement indicator, a technical momentum oscillator created by Richard Arms to track price changes ... Read Answer >>
  3. What is a common strategy traders implement when using the Ease Of Movement Indicator?

    Read about some common strategies that traders can implement to make the most of out the ease of movement indicator developed ... Read Answer >>
  4. What are the most common market indicators forex traders follow?

    Learn the most common technical indicators that forex traders and currency market analysts utilize to predict likely market ... Read Answer >>
  5. What are the best technical indicators to complement the Ease Of Movement Indicator?

    Find out what kinds of technical indicators and oscillators make the most beneficial confirmation tools when used with the ... Read Answer >>
  6. What types of data are necessary to make a technical analysis?

    Understand what technical analysis is, the basic theory behind employing it and what data inputs are needed to conduct it. Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center