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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. For technical information on this feature look at the related Wiki page.


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.

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MultiCharts

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.

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MultiCharts

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.

Kagi

This chart type looks like a continuous line that changes directions and switches from thin to bold. The direction changes when the price changes beyond a predefined amount, and the line switches between thin and bold if the last change bypassed the last horizontal line.

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MultiCharts

BetterRenko

This chart type differs from traditional Renko bars in two main ways: it plots only real data and it displays data outside of boxes as wicks. It removes noise while being useful for backtesting.

3 Line break

This chart type only plots price movements, without taking time or volume into consideration. This chart type displays a series of vertical boxes that are based on price changes.

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MultiCharts

Heiken-Ashi

Heiken-Ashi means “average bar” in Japanese. Open, High, Low and Close prices of HA candlesticks are not actual prices, they are results from averaging values of the previous bar, which helps eliminate random volatility.

Volume Delta

This chart lets you see how many trades were done at ask and bid on each price level within a bar. The bars look like boxes with appropriate numbers displayed within them. There are two calculation methods: “Ask Traded vs Bid Traded” and “Up Ticks vs Down Ticks”.

MultiCharts

MultiCharts

Cumulative Delta

Cumulative Delta is based on direction-based volume accumulation, not on price. The scale of the chart shows volume and bars represent accumulated delta (buy – sell) of the volume for specified resolution. In trending markets CD will move into positive or negative values, while it will oscillate around zero in non-trending markets.

Volume Profile

Volume Profile tracks trading activity volume across different price levels and varying time length.

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MultiCharts

Hollow Candlesticks

Hollow candlesticks appear when the closing price is greater than the open, and filled candlesticks appear when the closing price is less than the open. This is the only difference from a regular candlestick chart.

Candlesticks with border

The only difference from a regular candlesticks chart is the borders around the body of the candle.

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MultiCharts

HLC

The only difference from an OHLC bar is that the opening price is not shown.

Invisible Bars

This functionality hides the chart from view, yet it can still be used for calculations. For example, if only indicator information is needed to be seen, you can hide the data series so you are not distracted.

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MultiCharts

Dots

This chart type plots a single dot at the closing price of each bar.

Line on Close

This chart type connects the closing price for each bar with a line.

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MultiCharts

Symbol Chart

This chart type plots crosses at specified price values (indicators only).

Histogram chart

This chart type plots vertical lines, which can be based on volume, price, and other factors.

MultiCharts