How to Determine Symbol Settings: Difference between revisions
From MultiCharts
How to Determine Symbol Settings (view source)
Revision as of 13:42, 1 November 2022
, 1 November 2022no edit summary
No edit summary |
|||
Line 4: | Line 4: | ||
Price Scale can be determined by plotting a chart.<br> | Price Scale can be determined by plotting a chart.<br> | ||
'''Example:''' Set Price Scale = 1/10000 and watch the prices on chart. If prices contain too much digits, remove the corresponding number of zeroes in the Price Scale value. | '''Example:''' Set Price Scale = 1/10000 and watch the prices on chart. If prices contain too much digits, remove the corresponding number of zeroes in the Price Scale value. | ||
==== 2. Min. Movement: ==== | ==== 2. Min. Movement: ==== | ||
The minimum price movement must be an integer. | The minimum price movement must be an integer. | ||
Line 10: | Line 9: | ||
==== 3. Big Point Value: ==== | ==== 3. Big Point Value: ==== | ||
The correct Big Point Value depends on your broker account.<br> | The correct Big Point Value depends on your broker account.<br> | ||
'''Example:''' If the minimum lot size on your account is 1000, set up BPV = 1000, if it is 10000, then set up BPV = 10000 accordingly. | |||
==== Note: ==== | |||
Min. Movement * Price Scale returns the smallest increment between trades. | |||
<br> Min. Movement * Price Scale * Big Point Value returns the currency value of the smallest change in price. | |||
<br> Knowing that you can calculate the correct values for symbol parameters. | |||
<br> For example, ES symbol has the following parameters: Price Scale = 1/100; Min. Move = 25; BPV = 50; Currency = $ | |||
1/100 * 25 * 50 = 12.5 | |||
<br> The smallest change in price for ES symbol = $12.5 | |||
<br> | <br> | ||
[[Setting_Properties|'''More info''']] | [[Setting_Properties|'''More info''']] | ||
[[Category:FAQ]] | [[Category:FAQ]] |