Kagi: Difference between revisions
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==Understanding Kagi Chart Type== | ==Understanding Kagi Chart Type== | ||
[[File:KChart.png|right|Kagi chart]] It uses a series of vertical lines to illustrate general levels of supply and demand for certain assets. Thick lines are drawn when the price of the underlying asset breaks above the previous high price and is interpreted as an increase in demand for the asset. Thin lines are used to represent increased supply when the price falls below the previous low. | |||
It uses a series of vertical lines to illustrate general levels of supply and demand for certain assets. Thick lines are drawn when the price of the underlying asset breaks above the previous high price and is interpreted as an increase in demand for the asset. Thin lines are used to represent increased supply when the price falls below the previous low. | |||
==Selecting Kagi Chart Type== | ==Selecting Kagi Chart Type== | ||
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To create a new chart: | To create a new chart: | ||
#Open the Format Instrument window by one of the following methods: | #Open the '''Format Instrument''' window by one of the following methods: | ||
#*Click the New Chart Window | #*Click the '''New Chart Window''' [[File:New_Chart.png]] icon on the Main toolbar; or: | ||
#*Use the Insert key on the keyboard; or: | #*Use the '''Insert''' key on the keyboard; or: | ||
#*In the main menu select File, then point to New and click New Chart Window. | #*In the main menu select '''File''', then point to '''New''' and click '''New Chart Window'''. | ||
#Select the Instrument tab. | #Select the '''Instrument''' tab. | ||
#Select a data feed from the Data Source drop-down list box. | #Select a data feed from the '''Data Source''' drop-down list box. | ||
#Select a symbol from the list of available symbols in All Symbols tab, or use the category tabs to list only a particular category of symbols; the list can be sorted by any column, in ascending or descending order, by clicking on the column header. If you can’t find a symbol, see Adding | #Select a symbol from the list of available symbols in '''All Symbols''' tab, or use the category tabs to list only a particular category of symbols; the list can be sorted by any column, in ascending or descending order, by clicking on the column header. If you can’t find a symbol, see [[Operating Symbol List#Adding Symbol(s) to Symbol List|Adding Symbol(s) to Symbol List]] section. | ||
#Select the Settings tab. | #Select the '''Settings''' tab. | ||
#Select Kagi from the Chart Type list. | #Select Kagi from the Chart Type list. | ||
#Enter the Reversal and Resolution in the corresponding boxes. | #Enter the '''Reversal''' and '''Resolution''' in the corresponding boxes. | ||
#Select Break on Session if you want to see the session breaks. | #Select '''Break on Session''' if you want to see the session breaks. | ||
#Double-click the symbol, or click OK, to create a chart with the default settings. | #Double-click the symbol, or click '''OK''', to create a chart with the default settings. | ||
==Selecting Kagi Chart Style== | ==Selecting Kagi Chart Style== | ||
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Chart style can be selected from the Format Instrument window: | Chart style can be selected from the Format Instrument window: | ||
#Open the Format Instrument window | # Open the '''Format Instrument''' window by one of the following methods: | ||
#* Position the mouse pointer over the symbol's data series; double-click once the Pointer | #* Click the Format Instrument icon on the Chart Analysis toolbar; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: | ||
#* Position the mouse pointer over the symbol's data series; once the Pointer | #* Position the mouse pointer over the symbol's data series; double-click once the '''Pointer''' [[File:Pointer.png]] changes into a '''Hand''' [[File:Hand.png]]; or: | ||
#* Right-click on an empty area of the chart and then click Format Instrument; if the Format Objects window appears, select the symbol and click the Format button; or: | #* Position the mouse pointer over the symbol's data series; once the '''Pointer''' [[File:Pointer.png]] changes into a '''Hand''' [[File:Hand.png]], right-click and then click '''Format''' 'Symbol Name'; or: | ||
#* Select Format in the main menu and click Instrument; if the Format Objects window appears, select the symbol and click the Format button. | #* Right-click on an empty area of the chart and then click '''Format Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: | ||
#Select the Style tab. | #* Select '''Format''' in the main menu and click '''Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button. | ||
#In the Chart Style section click on the component element to be changed. | # Select the '''Style''' tab. | ||
#In the Color column select one of the standard 40 colors from the palette box, or click the Other button to create custom colors. | # In the '''Chart Style''' section click on the component element to be changed. | ||
#From the Width | # In the '''Color''' column select one of the standard 40 colors from the palette box, or click the '''Other''' button to create custom colors. | ||
#To apply the most recently selected component's style to all components, click the Apply to All Components button. | # From the '''Width''' list select a width of the body border and the wick. | ||
#To display the Last Price Marker select the Last Price Marker check box, or clear the box to hide the marker; the color of the marker is the same as the color of the Down component. | # To apply the most recently selected component's style to all components, click the '''Apply to All Components''' button. | ||
#To use these style settings for all new charts of this type, select Use as Default check box. | # To display the '''Last Price Marker''' select the Last Price Marker check box, or clear the box to hide the marker; the color of the marker is the same as the color of the Down component. | ||
# To use these style settings for all new charts of this type, select '''Use as Default''' check box. | |||
==Auto trading orders on Kagi Chart Type== | ==Auto trading orders on Kagi Chart Type== |