266
edits
Changes
Jump to navigation
Jump to search
no edit summary
<div style="background-color: #E3FBE5;">Note: If 1-Tick resolution is used, only the following chart types are available: Dot on Close, Line on Close, Invisible Bar</div>
You can elect select to use the price data from Trades, Asks, or Bids by Setting Quote Field.
<br>
# Open the '''Format Instruments''' window.<br><span>{{FormatSymbol}}</span>
# Select the '''Settings''' tab.
# In the '''Chart''' section, in the '''Resolution Interval''' text box, enter the number of ticks to be used for each bar.
# In the '''Resolution''' Unit drop-down list box select '''Tick'''.
Resolution of tick-based charts can also be set by one of the following methods:
* Click the '''Tick Bar''' [[File:Resolution Tick.png]] icon on the '''Resolution''' toolbar; from the drop-down list select the number of ticks to be used for each bar; or:
* Click the down-arrow to the right of the '''Resolution''' [[File:ResolutionResolution_10.png|16px]] icon on the '''Command Line''' toolbar, then point to '''Tick Bar''' and select the number of ticks to be used for each bar from the drop-down list; <br>or:
* Enter the appropriate command into the Command Line toolbar combo box.
Each bar in a time-based chart is based on a tick group that consists of all ticks over a defined interval of time. The first tick of the group forms the bar's Open component, the tick with the highest price forms the bar’s High component, the tick with the lowest price forms the Low component, and the last tick of the group forms the bar's Close component. The first tick with a time stamp past the original bar’s interval forms the next bar’s Open component.
You can elect select to use the price data from Trades, Asks, or Bids by Setting Quote Field.
<br>
# Open the '''Format Instruments''' window.<br><span>{{FormatSymbol}}</span>
# Select the '''Settings''' tab.
# In the '''Chart''' section, in the '''Resolution''' Interval text box, enter the number of time periods to be used for each bar.
# In the '''Resolution''' Unit drop-down list box select the time period.
<br><div style="background-color: #E3FBE5;">'''Note1''': If a daily-based interval (day, week, month, quarter, year) is selected, the '''Build from minutes''' checkbox becomes available. By default the box is cleared and it means daily bars will be requested from data provider to built the chart (session settings will not affect the bars themselves, only the closing time of bars will be depend on sessions). If the box is checked, minute data will be requested from data provider to build the chart; in this case the bars will be formed according to applied session, but the historical data range may be decreased in comparison to daily data.</div> <br><div style="background-color: #E3FBE5;">'''Note 2''': The maximum interval values that can be used for each of the time period units are: 86400 seconds, 1440 minutes, 24 hours, 30 days, 52 weeks, 12 months, 4 quarters, or 10 years.</div>
Resolution of time-based charts can also be set by one of the following methods:
* Click the '''Second Bar''' [[File:Resolution_Seconds.png]] or the '''Minute Bar''' [[File:Resolution_Minutes.png]] icon on the '''Resolution''' toolbar; from the drop-down list select the number seconds or minutes, respectively, to be used for each bar; or:
* Click the '''Hourly Bar''' [[File:Resolution_Hours.png]], the '''Daily Bar''' [[File:Resolution_Daily.png]], the '''Weekly Bar''' [[File:Resolution_Weekly.png]], the '''Monthly Bar''' [[File:Resolution_Monthly.png]], the '''Quarterly Bar''' [[File:Resolution_Quarterly.png]], or the '''Yearly Bar''' [[File:Resolution_Year.png]] icon on the '''Resolution''' toolbar to select a 1-hour, 1-day, 1-week, 1-month, 1-quarter, or 1-year bar, respectively;
* Click the down-arrow to the right of the '''Resolution''' [[File:ResolutionResolution_10.png|16px]] icon on the '''Command Line''' toolbar and select the time period. For Second and Minute bars the number of time period units can also be selected from a drop-down list;
* Enter the appropriate command into the Command Line toolbar combo box.
[[MultiCharts_Work_Area#Understanding_Command_Line|Click here]] to find out how to use the Command Line.
The bar's Open component is always one tick above or below the Close component of the previous bar, and the bar’s Close component is always at the High or the Low of the bar. All the bars are of the same height, equal to the range. The next bar is started once the tick with a price outside of the original bar's range has been received. If the price movement is greater than the combined range of two consecutive bars, additional "virtual" bars are inserted between the bars to fill the gap.
You can elect select to use the price data from Trades, Asks, or Bids by Setting Quote Field.
A range-based chart can only be created from tick data.
# Open the '''Format Instruments''' window.<br><span>{{FormatSymbol}}</span>
# Select the '''Settings''' tab.
# In the '''Chart''' section, in the '''Resolution''' Interval text box, enter the price movement, in points, that is to trigger creation of the next bar.
# In the '''Resolution''' Unit drop-down list box select '''Point'''.
* Click the '''Range Bar''' [[File:Resolution_Range.png]] icon on the '''Resolution''' toolbar; from the drop-down list select the number of points to be used for each bar;
* Click the down-arrow to the right of the '''Resolution''' [[File:ResolutionResolution_10.png|16px]] icon on the '''Command Line''' toolbar, then point to '''Range Bar''' and select the number of points to be used for each bar from the drop-down list;
* Enter the appropriate command into the Command Line toolbar combo box.
<br>
Each bar in a volume-based chart is based on a tick group that consists of successive ticks for a defined number of contracts. The first tick of the group forms the bar's Open component, the tick with the highest price forms the bar's High component, the tick with the lowest price forms the Low component, and the last tick of the group forms the bar's Close component. The bar is closed once a tick, bringing the current bar’s total to the defined number of contracts, has been received. If the last tick’s volume is grater than is required to complete the current bar, the tick is split. The volume required for the current bar is used for that bar, and the balance is used to start the next bar.
You can elect select to base this chart on the actual volume of all transactions, or on the total number of transactions (ticks) only, by using the Build Volume On selector.
You can elect select to use the data from Trades, Asks, or Bids for this chart by Setting Quote Field.
<br>
# Open the '''Format Instruments''' window.<br><span>{{FormatSymbol}}</span>
# Select the '''Settings''' tab.
# In the '''Chart''' section, in the '''Resolution''' Interval text box, enter the number of contracts to be used for each bar.
# In the '''Resolution''' Unit drop-down list box select '''Contract'''.
<br>Resolution of volume-based charts can also be set by one of the following methods:
* Click the '''Volume Bar''' http[[File://www.multicharts.com/img/wiki/toolbar/compression/03_VolumeBarResolution_Volume.png ]] icon on the '''Resolution''' toolbar; from the drop-down list select the number of contracts to be used for each bar* Click the down-arrow to the right of the '''Resolution''' http[[File://www.multicharts.com/img/wiki/toolbar/compression/01_ResolutionResolution_10.png |16px]] icon on the '''Command Line''' toolbar, then point to '''Volume Bar''' and select the number of contracts to be used for each bar from the drop-down list
* Enter the appropriate command into the Command Line toolbar combo box. [[MultiCharts_Work_Area#Understanding_Command_Line|Click here]] to find out how to use the Command Line.
<br>
=== Build Volume On Selector ===
You can elect select to base a chart on the actual volume of all transactions, or on the total number of transactions (ticks) only, by using the '''Build Volume On''' selector.
<br>'''Build Volume On''' selector is set from the '''Format Instruments''' window:
The bar is closed once the tick with a price, bringing the current bar's total number of price changes to the defined number, has been received. The first tick of the following group forms the next bar’s Open component.
You can elect select to base this chart on the Trades, on the Asks, or on the Bids by Setting Quote Field.
<br>
# Open the '''Format Instruments''' window.<br><span>{{FormatSymbol}}</span>
# Select the '''Settings''' tab.
# In the '''Chart''' section, in the '''Resolution''' Interval text box, enter the number of price changes to be used for each bar.
# In the '''Resolution''' Unit drop-down list box select '''Change'''.
