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Created page with "==Understanding Line Break Chart Type== The concept of the Line Break chart is similar to Point and Figure charts. It is made up of a series of vertical blocks called lines t..."
==Understanding Line Break Chart Type==
The concept of the Line Break chart is similar to Point and Figure charts. It is made up of a series of vertical blocks called lines that use close prices to indicate market direction. The Line Break chart looks like a series of rising and falling lines of varying heights. Each new line, like the X's and O's of a point and figure chart, constitutes a new column. Using close prices (or highs and lows), a new rising line is drawn if the previous high is exceeded. A new falling line is drawn if the price hits a new low.
==Selecting Line Break Chart Type==
To create a new chart:
#Open the '''Format Instrument''' window by one of the following methods:
#*Click the '''New Chart Window''' http://www.multicharts.com/img/wiki/toolbar/05_Create_New_Chart_Window.png 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'''.
#Select the '''Instrument''' tab.
#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 [[Operating Symbol List#Adding Symbol(s) to Symbol List|Adding Symbol(s) to Symbol List]] section.
#Select the '''Settings''' tab.
#Select Line Break from the Chart Type list.
#Enter the '''Line Breaks''' and '''Resolution''' in the corresponding boxes.
#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.
==Selecting Line Break Chart Style==
Chart style can be selected from the Format Instrument window:
# Open the '''Format Instrument''' window by one of the following methods:
#* 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; double-click once the '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif changes into a '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif; or:
#* Position the mouse pointer over the symbol's data series; once the '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif changes into a '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, 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.
# Select the '''Style''' tab.
# In the '''Chart Style''' section click on the component element to be changed.
# In the '''Color''' column select one of the standard 40 colors from the palette box, or click the '''Other''' button to create custom colors.
# From the '''Width''' list select a width of the body border and the wick.
# To apply the most recently selected component's style to all components, click the '''Apply to All Components''' button.
# 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 Line Break Chart Type==
There are some differences between Regular and Line Break 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 Line Break chart types with regards to Backtesting and Data Playback.
==Real-Time simulation==
{| class="wikitable"
|-
! Type of the strategy
! Regular Chart Type
! Line Break Chart Type
|-
| Buy next bar at market
| Order is placed on the first tick of the new bar, i.e. on the Open of the next bar.
| Order is placed at the price of the first received tick, this tick may not be a part of a box, in this case the order is displayed not on OHLC of the box but on the price level of the first received tick.
|-
| Buy this bar at close
| Order is placed on the last tick of a bar, i.e. on the Close of the current bar.
| Order is placed on the close of current bar, i.e. when the bar is closed then the order is placed.
|-
| Price orders
| Order is placed at the price of the first tick that satisfies Stop and Limit conditions.
| Order is placed at the price of the first tick that satisfies Stop and Limit conditions.
|}
==Auto Trading==
There is no difference between order generation on Regular and Line Break chart types with regards to Auto Trading.
To learn how Intra-Bar Order Generation and Bar Magnifier work on Line Break Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]]
[[Category:Non-Standard Chart Types]]
The concept of the Line Break chart is similar to Point and Figure charts. It is made up of a series of vertical blocks called lines that use close prices to indicate market direction. The Line Break chart looks like a series of rising and falling lines of varying heights. Each new line, like the X's and O's of a point and figure chart, constitutes a new column. Using close prices (or highs and lows), a new rising line is drawn if the previous high is exceeded. A new falling line is drawn if the price hits a new low.
==Selecting Line Break Chart Type==
To create a new chart:
#Open the '''Format Instrument''' window by one of the following methods:
#*Click the '''New Chart Window''' http://www.multicharts.com/img/wiki/toolbar/05_Create_New_Chart_Window.png 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'''.
#Select the '''Instrument''' tab.
#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 [[Operating Symbol List#Adding Symbol(s) to Symbol List|Adding Symbol(s) to Symbol List]] section.
#Select the '''Settings''' tab.
#Select Line Break from the Chart Type list.
#Enter the '''Line Breaks''' and '''Resolution''' in the corresponding boxes.
#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.
==Selecting Line Break Chart Style==
Chart style can be selected from the Format Instrument window:
# Open the '''Format Instrument''' window by one of the following methods:
#* 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; double-click once the '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif changes into a '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif; or:
#* Position the mouse pointer over the symbol's data series; once the '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif changes into a '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, 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.
# Select the '''Style''' tab.
# In the '''Chart Style''' section click on the component element to be changed.
# In the '''Color''' column select one of the standard 40 colors from the palette box, or click the '''Other''' button to create custom colors.
# From the '''Width''' list select a width of the body border and the wick.
# To apply the most recently selected component's style to all components, click the '''Apply to All Components''' button.
# 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 Line Break Chart Type==
There are some differences between Regular and Line Break 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 Line Break chart types with regards to Backtesting and Data Playback.
==Real-Time simulation==
{| class="wikitable"
|-
! Type of the strategy
! Regular Chart Type
! Line Break Chart Type
|-
| Buy next bar at market
| Order is placed on the first tick of the new bar, i.e. on the Open of the next bar.
| Order is placed at the price of the first received tick, this tick may not be a part of a box, in this case the order is displayed not on OHLC of the box but on the price level of the first received tick.
|-
| Buy this bar at close
| Order is placed on the last tick of a bar, i.e. on the Close of the current bar.
| Order is placed on the close of current bar, i.e. when the bar is closed then the order is placed.
|-
| Price orders
| Order is placed at the price of the first tick that satisfies Stop and Limit conditions.
| Order is placed at the price of the first tick that satisfies Stop and Limit conditions.
|}
==Auto Trading==
There is no difference between order generation on Regular and Line Break chart types with regards to Auto Trading.
To learn how Intra-Bar Order Generation and Bar Magnifier work on Line Break Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]]
[[Category:Non-Standard Chart Types]]
