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Created page with "===Understanding Reversal Bar Chart Type=== '''Reversal Bar''' charts are almost identical to Point and Figure charts but they are constructed from the Real Open price o..."
===Understanding Reversal Bar Chart Type===
'''Reversal Bar''' charts are almost identical to [[Point and Figure]] charts but they are constructed from the Real Open price of the time bar. In all other respects the representation is the same.
===Selecting Reversal Bar Chart Type===
To create a new chart:
# Open the '''Format Instrument''' window by one of the following methods:
#:* Click the '''New Chart Window''' [[File:New_Chart.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''' list.
# 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 ''' Reversal Bar''' from the '''Chart Type''' list.
# Enter the '''Resolution''', '''Box Size''' and '''Reversal''' in the corresponding boxes.
# Select '''High/Low Range''' or '''Close''' input from the '''Input''' list.
# 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 Reversal Bar 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''' [[File:Pointer.png]] changes into a '''Hand''' [[File:Hand.png]]; or:
#* Position the mouse pointer over the symbol's data series; once the '''Pointer''' [[File:Pointer.png]] changes into a '''Hand''' [[File:Hand.png]]f, 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 Reversal Bar Chart Type ===
There are some differences between Regular and Reversal Bar chart types with regards to order generation in real time and backtesting.
==== Backtesting and Data Playback ====
{| class="wikitable"
|-
! Type of the strategy
! Regular Chart Type
! Reversal Bar Chart Type
|-
| Buy next bar at market
| Order is placed on the Open of the next bar.
| Order is placed on the Open of the next column.
|-
| Buy this bar at close
| Order is placed on the Close of the current bar.
| Order is placed on the Close of the current column.
|-
| Price orders
| Order is placed either on the Open of the next bar (if it is guaranteed to be filled) or intra bar at Stop or Limit prices.
| Order is placed either on the Open of the next bar (if it is guaranteed to be filled) or intra bar at Stop or Limit prices.
|}
==== Real-Time simulation ====
{| class="wikitable"
|-
! Buy next bar at market
! Regular Chart Type
! Reversal Bar 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 on the Open of the 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 the status of the column 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 the Stop and Limit conditions.
| Order is placed either on the last closing tick of the column or on the Open of the next 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
! Reversal Bar 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 a column’s status turns from in-progress into fixed*, an order is placed at Close price of the previous column.
|-
| 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 Reversal Bar Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]]
[[Category:Non-Standard Chart Types]]
'''Reversal Bar''' charts are almost identical to [[Point and Figure]] charts but they are constructed from the Real Open price of the time bar. In all other respects the representation is the same.
===Selecting Reversal Bar Chart Type===
To create a new chart:
# Open the '''Format Instrument''' window by one of the following methods:
#:* Click the '''New Chart Window''' [[File:New_Chart.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''' list.
# 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 ''' Reversal Bar''' from the '''Chart Type''' list.
# Enter the '''Resolution''', '''Box Size''' and '''Reversal''' in the corresponding boxes.
# Select '''High/Low Range''' or '''Close''' input from the '''Input''' list.
# 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 Reversal Bar 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''' [[File:Pointer.png]] changes into a '''Hand''' [[File:Hand.png]]; or:
#* Position the mouse pointer over the symbol's data series; once the '''Pointer''' [[File:Pointer.png]] changes into a '''Hand''' [[File:Hand.png]]f, 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 Reversal Bar Chart Type ===
There are some differences between Regular and Reversal Bar chart types with regards to order generation in real time and backtesting.
==== Backtesting and Data Playback ====
{| class="wikitable"
|-
! Type of the strategy
! Regular Chart Type
! Reversal Bar Chart Type
|-
| Buy next bar at market
| Order is placed on the Open of the next bar.
| Order is placed on the Open of the next column.
|-
| Buy this bar at close
| Order is placed on the Close of the current bar.
| Order is placed on the Close of the current column.
|-
| Price orders
| Order is placed either on the Open of the next bar (if it is guaranteed to be filled) or intra bar at Stop or Limit prices.
| Order is placed either on the Open of the next bar (if it is guaranteed to be filled) or intra bar at Stop or Limit prices.
|}
==== Real-Time simulation ====
{| class="wikitable"
|-
! Buy next bar at market
! Regular Chart Type
! Reversal Bar 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 on the Open of the 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 the status of the column 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 the Stop and Limit conditions.
| Order is placed either on the last closing tick of the column or on the Open of the next 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
! Reversal Bar 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 a column’s status turns from in-progress into fixed*, an order is placed at Close price of the previous column.
|-
| 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 Reversal Bar Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]]
[[Category:Non-Standard Chart Types]]
