LineCharts. One of the most popular types of intraday trading charts is line charts. They give you the closing figure. You still opt for a time frame, but the chart will only display the closing prices for that period, say 5 minutes. Each closing price will be connected to the next closing price with a continuous line.
Althoughthe shorter moving averages like the 7 SMA or the 14 SMA will be more useful as they are more sensitive to price changes. This makes them ideal to use on a smaller time frame (1,3,5 minutes chart). As the 7 & 14 EMA are more sensitive, the lagging effect will be reduced to a certain extent. The best moving average to use is the 7 or 14
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Forexample, a scalper may use a 1-minute or 5-minute chart to capture short-term price movements, while a long-term investor may use a daily or weekly chart to analyze the overall trend direction.
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1 minute vs 5 minute chart