Kagi

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Understanding Kagi Chart Type

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

To create a new chart:

  1. Open the Format Instrument window by one of the following methods:
    • Click the New Chart Window icon on the Main toolbar; or:
    • Use the Insert key on the keyboard; or:
    • In the main menu select File, then point to New and click New Chart Window.
  2. Select the Instrument tab.
  3. Select a data feed from the Data Source drop-down list box.
  4. 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 Symbols to Symbol List
  5. Select the Settings tab.
  6. Select Kagi from the Chart Type list.
  7. Enter the Reversal and Resolution in the corresponding boxes.
  8. Select Break on Session if you want to see the session breaks.
  9. Double-click the symbol, or click OK, to create a chart with the default settings.

Selecting Kagi Chart Style

Chart style can be selected from the Format Instrument window:

  1. Open the Format Instrument window.
    To open the Format Instrument window, click the Format Instrument icon on the Chart Analysis toolbar; if the Format Objects window appears, select the symbol and click the Format button.
    The Format Instrument window can also be opened by one of the following methods:
    • Position the mouse pointer over the symbol's data series; double-click once the Pointer changes into a Hand; or:
    • Position the mouse pointer over the symbol's data series; once the Pointer changes into a Hand , right-click and then click Format 'Symbol Name'; 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:
    • Select Format in the main menu and click Instrument; if the Format Objects window appears, select the symbol and click the Format button.
  2. Select the Style tab.
  3. In the Chart Style section click on the component element to be changed.
  4. In the Color column select one of the standard 40 colors from the palette box, or click the Other button to create custom colors.
  5. From the Width drop-down list box select a width of the body border and the wick.
  6. To apply the most recently selected component's style to all components, click the Apply to All Components button.
  7. 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.
  8. To use these style settings for all new charts of this type, select Use as Default check box.