A Chartist is a trader who focuses entirely on charts to understand the previous price movements of a financial asset in order to better anticipate and speculate on its future direction. Charts may be followed back centuries to the ancient Babylonians, who employed animal images to represent commodity values. Charles Dow designed the first modern stock chart in 1884.Since then, the use of charts has become an essential tool for many traders as it allows them to quickly identify patterns and trends in price movements. Chartists often use various technical indicators such as moving averages, Bollinger bands or MACD lines to help them make trading decisions.