Kagi: Difference between revisions
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(Created page with "==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 pric...") |
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#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 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. | #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== | |||
There are some differences between Regular and Kagi chart types with regards to order generation in real time and backtesting. | |||
==Backtesting and Data Playback== | |||
There is no difference between order generation on Regular and Kagi chart types with regards to Backtesting and Data Playback. | |||
==Real-Time simulation== | |||
{| class="wikitable" | |||
|- | |||
! Type of the strategy | |||
! Regular Chart Type | |||
! Kagi Chart Type | |||
|- | |||
| Buy next bar at market | |||
| Order is placed on the first tick of the new bar, i.e. on the Open of next bar. | |||
| Order is placed on Open of next column, not on the first tick but only when column’s status turns from in-progress into fixed*. | |||
|- | |||
| Buy this bar at close | |||
| Order is placed on the last tick of the bar, i.e. on the Close of the current bar. | |||
| When a column’s status turns from in-progress into fixed*, the order is placed at the Close price of the previous column. | |||
|- | |||
| Price orders | |||
| Order is placed at the price of the first tick that satisfies Stop and Limit conditions. | |||
| Order is placed either on the last, closing tick of a column or on the Open of the bar after the column has been closed (if it is guaranteed to be filled) taking into account Stop or Limit conditions. | |||
|} | |||
<div style="background-color: #E3FBE5;"> * After the resolution time frame has passed. </div> | |||
==Auto Trading== | |||
{| class="wikitable" | |||
|- | |||
! Type of the strategy | |||
! Regular Chart Type | |||
! Kagi Chart Type | |||
|- | |||
| Buy next bar at market | |||
| When the first tick of a new bar comes, the market order is sent to the broker. | |||
| When the next column’s status turns from in-progress into fixed*, a market order is sent to the broker. | |||
|- | |||
| Buy this bar at close | |||
| When the last, closing tick comes, the market order is sent to the broker. | |||
| When the next column’s status turns from in-progress into fixed*, a market order is sent to the broker. | |||
|- | |||
| Price orders | |||
| When the auto trading is on, a price order is sent to the broker. | |||
| When the auto trading is on a price order is sent to the broker. | |||
|} | |||
<div style="background-color: #E3FBE5;"> * After the resolution time frame has passed. </div> | |||
To learn how Intra-Bar Order Generation and Bar Magnifier work on Point and Figure Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]] | |||
[[Category:Non-Standard Chart Types]] |