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How to Determine Symbol Settings - MultiCharts
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How to Determine Symbol Settings

From MultiCharts

The symbol settings are located in the Edit Symbol menu of QuoteManager, in the Settings tab. Also, it is possible to apply the settings to the whole root or exchange.

Price Scale

Price Scale stands for the number of decimals after the delimiter. Price Scale can be determined by plotting a chart.

Set Price Scale = 1/10,000 and watch the prices on chart. If prices contain too much digits, remove the corresponding number of zeroes in the Price Scale value.

Min. Movement

The minimum price movement must be an integer. Min. Movement can be determined by plotting a chart too. Adjust the value so that there are no price levels without real prices on chart.

Big Point Value

The correct Big Point Value depends on your broker account.

If the minimum lot size on your account is 1,000, set up BPV = 1,000, if it is 10,000, then set up BPV = 10,000 accordingly.
Min. Movement * Price Scale returns the smallest increment between trades.
Min. Movement * Price Scale * Big Point Value returns the currency value of the smallest change in price.
Knowing that you can calculate the correct values for symbol parameters.
For example, ES symbol has the following parameters: Price Scale = 1/100; Min. Move = 25; BPV = 50; Currency = $
1/100 * 25 * 50 = 12.5
The smallest change in price for ES symbol = $12.5


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