Chart Types
| Professional technical analysis requires that you have professional tools at your disposal. MultiCharts has both regular and exotic chart types to meet your individual needs. Each chart type offers a different perspective on the market—so you can make informed decisions. |
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OHLC
This chart type is the most common way to display data for analysis. Open, high, low, and close prices are shown for the time increment represented by the bar. Bar charts can be time-based, tick-based, or volume-based.
Point and Figure
This chart type only plots price movements, without taking time into consideration. A column of X’s is plotted as the price rises—and O’s as the price drops.
Candlesticks
This chart type uses the same price data as regular bar charts, with each candlestick representing the open, high, low, and close. The thick part, called the real body, represents the range between opening and closing prices. Long thin lines, shadows and wicks/tails, represent the range of price movement for the bar.
Renko
This chart type only plots price movements, without taking time or volume into consideration. It is constructed from ticks and looks like bricks stacked in adjacent columns. A new brick is drawn after the price passes the top or bottom of previously predefined amount.
Easylanguage
EasyLanguage is a programming language that was developed by TradeStation Securities. It is a popular language because it’s easy to learn without specialized training, but at the same time, it is very powerful for trading purposes. The popularity of this language is so widespread that it can be considered the standard programming language in the trading industry.Algorithmic trading
In electronic financial markets, algorithmic trading or automated trading, also known as algo trading, black-box trading or robo trading, is the use of trading software programs for entering trading orders with the computer algorithm deciding on aspects of the order such as the timing, price, or quantity of the order, or in many cases initiating the order without human intervention.Market Data Replay
Market replay is a great way to learn about trading without risking your money. This feature is especially important for discretionary traders who use price patterns and other methods, which are difficult to incorporate into trading models and strategy trading.
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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.
