Statistical Charts Services

Statistical charts services are normally used in the put on view of statistical analyses. A chart is a graphical drawing of data, where the data is characterized by cryptogram, such as bars like bar diagram, lines like line chart and slices like pie chart. A chart may represent numeric data, functions or kinds of qualitative composition.

Statistical Charts for Technical Analysis

 Candlestick charts
it is of Japanese origin. Candlesticks enlarge and pack the space between the open and close prices to highlight the open/close relationship. In some parts of the Western world, black/red candle bodies represent a close lower than the open. White, green or blue candles represent a close higher than the open price.

 The head and shoulders pattern is considered a reversal pattern and is frequently seen in uptrend. It is predominantly reliable in most case in an uptrend.

Control charts

 Consist of points that represent a statistic values like mean, range, etc. of a quality characteristic in samples drawn from the process at different times.

Line charting

 That connects the close price values with line segments

Gantt chart

 Kinds of bar-chart that shows a project schedule. Gantt charts draws up the start and end dates of the terminal elements and summary contents of the project.

Pareto chart

 Used to emphasize the most significant among the large set of factors. In quality control, it corresponds to the general sources of defects, the most occurring defect types, or the repeated reasons for consumer complaints.

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