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Chart Analysis

Charting is one of the most important aspects of trading software. You need to see precise price movements to determine your next move. Charting software needs to be flexible, so that you can adjust any part of it to your particular needs. Charts also need to be reliable, so that you don’t experience any hold-ups or crashes while analyzing important information. We have thought about all of this while building MultiCharts.

Complete and informative charting

To make the right choice it is equally important to see the small details and the big picture. In MultiCharts, you can easily perform multi time frame analysis without cumbersome extras, such as custom DLLs and global variables.

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Several data series in different resolutions
Working with several data series is one of the main features in MultiCharts. There is no need for cumbersome workarounds—you can simply add several price series into one chart window. The trading platform allows you to mix any resolutions, and it automatically aligns them on the time scale. For example, you can view hourly resolutions with daily resolutions, one-second symbols with 10-tick symbols, or range bars with volume bars.

Behind-the-scenes calculations for multiple data series
This feature allows you to create indicators or strategies that use several data series for its calculations. For example, you could use Bollinger Bands on a one-minute chart, but it will be calculated based on daily data. You only need a few clicks to accomplish this. The program does all of the calculations behind the scenes. It even chooses the correct visualization, such as overlaying data series.

Use up to 50 subcharts per chart
You can create up to 50 subcharts per chart, which allows for complete analysis of the big picture. In addition, you can use bid, ask, and trade data, and you can receive data from different providers all in the same chart.

Combine historical and real-time data from different feeds
On top of that, you can combine historical data from one provider and use real-time data from another, in one or more subcharts. This provides the flexibility and choices necessary to meet the needs of your individual trading style. For example, imagine that your datafeed does not provide ask and bid history, but does provide quality minute data. In this case, you can combine minute data from your datafeed with data from other vendors to get the complete picture.

Interactivity with everything you see

Innovative object-oriented user interface sets MultiCharts apart from conventional charting software. You get an intuitive, easy-to-use application, which dramatically reduces your learning curve.

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User-friendly interface
To interact with any object, such as data series, price scales, or chart background, simply click on it. The appropriate menu will appear—giving you only the relevant options. There is no need to spend time going through a complex menu structure; you are only a click away from anything you want to do. To move an object, such as a toolbar or a data series, simply click, hold, and drag. Additionally, you can stretch or compress a scale with a click and drag.

Customization and flexibility that meets your needs

You can customize the look of MultiCharts from the overall appearance to the tiny details. You have full control to focus on the important data without overcrowding it with excess information.

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Adjustable
The colors can be adjusted to quickly pick out important information. Bar spacing can be adjusted for easier viewing. Change the zoom and the margins’ for optimal chart setup. Session breaks, empty periods, indicators, price series, title bars, scroll bars, and divider lines are all easily customized to improve the way you view information.

Dynamic
Changing the visual order of data series, colors, spacing, font labels, divider line styles and more is another great way to pinpoint important information. Chart compression locates the needed data—even among millions of bars. Various dynamic grid styles are supported for added flexibility: point, solid, horizontal, dotted, or detailed dotted grids.

More resolutions mean more possibilities

Standard chart resolutions include both time-based and count-based options. Time-based choices include anything from seconds to years. Count-based resolutions are presented by ticks, number of trades, number of contracts traded, price range, and number of changes options.

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Resolutions as you like
Custom resolutions, such as 90 ticks, six seconds, seven minutes, five hours, two days, or six weeks can be easily set for any symbol, or a group of symbols. There is also a Change resolution, which constructs a bar based on the number of changes.

No volume loss
Volume bars in MultiCharts are calculated based on the capped principle. This means that the remainder of the volume is transferred to the next bar. For example, if a tick arrives with the volume of 100 and your chart resolution has a volume bar of 75, then 25 will be transferred to the next bar. With this method, no volume is lost.

Hourly bars vs. 60-minute bars
Hourly bars are different from 60-minute bars. Hourly bars use an astronomical clock, but 60-minute bars are bundled together. With the one-hour resolution, the hourly bar would be from 8:30 to 9:00—not from 8:30 to 9:30, as it would look on a 60-minute bar.

Volume bars by tick or actual trade volume
Volume for bars can be calculated based on the number of ticks or the actual trade volume that occurred.

Millions of bars on one chart
In addition, the trading platform can easily display 7.5 million bars on one chart for visual analysis and backtesting, which is usually available only in high-end, institutional products.

Price scales and axes made for precision

Our trading platform allows you to set the price scales to match the type of analysis. You may choose between linear or semi-log axes for drastic price movements; two separate vertical scales, one for indicators and one for price movements; or even no vertical axes at all.

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Different views, different angles
Each scale can display the data from various angles. For example, a scale can show minimum to maximum values for the entire data range or only for a certain part of the series. Other useful touches include the ability to center the graph on the middle of the scale, set number of digits after decimals, and define the amount of labels present.

Overlay several price series
An important feature of trading software is the ability to overlay several price series with independent price scales. For example, it is possible to chart a financial instrument that costs several hundred dollars over another instrument that trades under a dollar. Then you can visualize the dynamics of price movement.

Precision where it counts
For added convenience, the Precise Price marker shows the exact last price and the Countdown feature shows how much time is left until bar close.

Details where you need them: Cursors, Data Window, and Hint Window

When working with charts, the ability to quickly pinpoint the exact price is critical. The Data Window remains on the side of the screen, showing you the current market situation. However, if you need to study a particular area on a chart, the Hint Window conveniently appears at the tip of your cursor.

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Your data window
Knowing the exact price at any given point in time is key to trading the markets. The Data Window conveniently stays put on the left side of the screen with all relevant information laid out in an easy-to-read format. It is attached to the main platform window for easy viewing, but it can also be detached and floated like any other chart.

The hint window
If you are analyzing an area on the chart and don’t want to keep looking over at the Data Window, simply click on the chart and the Hint Window appears. It shows you price values, indicator values, and strategy-generated orders for the bar that you’re viewing. Also, the Hint Window can always follow your mouse, or you can make it only appear on demand.

A choice of cursor styles
From various cursor styles (including hand, cross, price tracking mode, and a global cursor that synchronizes many charts) to the floating Hint Window and the stationary Data Window, MultiCharts features a complete package that accurately and quickly tracks price changes and indicator values.

Choice of timestamps and trading sessions for wherever you are

You can display data series using either local or exchange timestamps. Also, in addition to hundreds of existing trading sessions, you can create custom ones to suit trading any instrument and in any time zone.

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Timestamps for synchronizing
The choice of different timestamps can be very useful for trading financial instruments worldwide or synchronizing multiple charts to avoid confusion.

View charts any way you like
Several custom trading session templates can be used at the same time for any one symbol, which means that you can get a different angle on your trading. For example, one chart can show pre-trading and regular hours, while another can show you just the regular hours. This can be useful for practicing and learning whether your predictions are correct. The sessions can be changed easily using the Format Instrument dialog window.

Create your own templates
If you want to trade only certain hours of the day or your exotic exchange is not supported by default, you can easily create your own templates. This means you can use MultiCharts in any part of the world, and you can trade any instrument on the worldwide electronic markets.

Trading Platform Intro

Chart Types

Help & Tutorials

Stock Charts

A candlestick stock chart is a style of bar-chart used primarily to describe price movements of a security, derivative, or currency over time.

Technical Analysis

A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity.

Automated Trading

Even with a winning strategy, just a short delay in order execution can make all the difference. After developing a strategy, the next step is to actually send the orders. The key advantage of automated trading is that it can send orders a lot faster than a human being, and this can give you an advantage over the competition.

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Risk Warning:
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.