What is a bar chart in trading?

A bar chart or bar graph that presents data with rectangular bars proportional to the values they represent. In trading and technical analysis, however, the bar chart definition is different. Often referred to as the OHLC (open, high, low, close) bar chart, it illustrates price movements of a financial instrument over time.

What is the difference between Stacked bar charts and grouped bar charts?

Grouped bar charts usually present the information in the same order in each grouping. Stacked bar charts present the information in the same sequence on each bar. Variable-width bar charts, sometimes abbreviated variwide (bar) charts, are bar charts having bars with non-uniform widths.

What is a bar chart arranged from the highest to the lowest?

Bar charts organized from the highest to the lowest number are called Pareto charts. Bar graphs are a visual representation of data. They are used to show the relationship between two or more sets of data. They are mostly used in business and finance, but they can also be found in other contexts. Bar graphs are used in many real-life situations.

Who invented the bar chart?

Many sources consider William Playfair (1759-1824) to have invented the bar chart and the Exports and Imports of Scotland to and from different parts for one Year from Christmas 1780 to Christmas 1781 graph from his The Commercial and Political Atlas to be the first bar chart in history.