Answer:
The chart type described is the OHLC chart.
Step-by-step explanation:
An OHLC chart is a kind of bar-chart that displays open, high, low, and closing prices for each period. OHLC charts are beneficial since they demonstrates the four major data values over a period, with the closing price being reflected as the most significant by traders.
The chart type is valuable since it can represent increasing or decreasing movement. When the open and close are far-apart it represents strong movement, and when the open and close are close together it represents wavering or weak movement. The high and low displays the full price range of the period, useful in evaluating instability.
Thus, the chart type described is the OHLC chart.
