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When it comes to alternatives to candlestick charting, the three main charting contenders are as follows:

 Line charts: These charts are simple and helpful for short-term decisions, but they’re quite limited in the amount of data presented.

 Bar charts: These charts are the most common type and are much more useful than line charts, but they’re not as versatile as candlestick charts.

 Point and figure charts: These tried-and-true charting methods are great for recognizing support and resistance levels, but they’re far less dynamic than candlestick charts.

Each one of these charting methods can be used effectively to ratchet up the effectiveness of your trading strategy, but they pale in comparison with candlestick charts for several reasons, a few of which I describe in the next section.