How to find best chart of Intraday trading in 2023.

There are many types of charts that traders use for intraday trading, and the best one depends on the individual's trading strategy and preferences. Here are some of the most popular chart types:

1. Candlestick charts: Candlestick charts provide a visual representation of price movements over a specific period of time, displaying the opening and closing prices as well as the high and low prices.
2. Line charts: Line charts are the simplest type of chart, displaying only the closing prices over time as a continuous line.
3. Bar charts: Bar charts show the price range for a particular time period, including the high, low, opening and closing prices.
4. Renko charts: Renko charts use brick-like blocks to represent price movements, and a new brick is only created when the price moves a certain amount.
5. Heikin-Ashi charts: Heikin-Ashi charts are similar to candlestick charts, but they use a modified formula to calculate the open, close, high and low prices.

Ultimately, the best chart for intraday trading is one that you are comfortable with and that helps you make informed trading decisions based on your strategy and market analysis. It's important to experiment with different chart types and find the one that works best for you.

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Advantage and disadvantage of trading charts:

Trading charts have several advantages and disadvantages that traders should be aware of.

Advantages:

1. Visual representation: Charts provide a visual representation of price movements, making it easier for traders to identify trends, patterns and support and resistance levels.
2. Historical data: Charts allow traders to review historical data, which can help them identify price levels and patterns that may repeat in the future.
3. Real-time data: Many charting platforms provide real-time data, allowing traders to make informed decisions based on up-to-date market information.
4. Customization: Charts can be customized to suit a trader's individual preferences, including time frames, chart type, and technical indicators.

Disadvantages:

1. Technical analysis limitations: Charts are primarily used for technical analysis, which may not always provide a complete picture of market trends and can be subject to interpretation.
2. Data overload: Too much data on a chart can be overwhelming, making it difficult for traders to identify important information.
3. Lagging indicators: Some technical indicators, such as moving averages, can be lagging indicators, meaning they may not provide an accurate reflection of current market conditions.
4. False signals: Charts can provide false signals or noise, which can lead to inaccurate trading decisions.

Overall, trading charts are a valuable tool for traders, but they should be used in conjunction with other analysis methods and market data to make informed trading decisions.

Do professional traders use indicators?

Yes, professional traders use indicators as part of their trading strategies, although the use of indicators varies among traders and depends on their individual trading style and preferences. Some traders rely heavily on technical indicators, while others use them sparingly or not at all.

Indicators are tools that help traders analyse the market by providing visual representations of price movements, volume, and other market data. They can help traders identify trends, support and resistance levels, and potential entry and exit points. Some popular indicators used by professional traders include moving averages, Bollinger Bands, Relative Strength Index (RSI), and Stochastic Oscillator.

However, it's important to note that indicators are not fool proof and should be used in conjunction with other analysis methods and market data. Professional traders often rely on a combination of indicators, fundamental analysis, market news, and other factors to make informed trading decisions.

In summary, professional traders use indicators as part of their trading strategies, but they do not rely on them exclusively. Successful trading requires a combination of analysis methods and experience, and traders should carefully consider their individual needs and preferences when developing a trading strategy.

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