Chart Resolution: Difference between revisions
From MultiCharts
No edit summary |
No edit summary |
||
| Line 20: | Line 20: | ||
<div style="background-color: #E3FBE5;">Note: If 1-Tick resolution is used, only the following chart types are available: Dot on Close, Line on Close, Invisible Bar</div> | <div style="background-color: #E3FBE5;">Note: If 1-Tick resolution is used, only the following chart types are available: Dot on Close, Line on Close, Invisible Bar</div> | ||
You can | You can select to use the price data from Trades, Asks, or Bids by Setting Quote Field. | ||
<br> | <br> | ||
| Line 47: | Line 47: | ||
Each bar in a time-based chart is based on a tick group that consists of all ticks over a defined interval of time. The first tick of the group forms the bar's Open component, the tick with the highest price forms the bar’s High component, the tick with the lowest price forms the Low component, and the last tick of the group forms the bar's Close component. The first tick with a time stamp past the original bar’s interval forms the next bar’s Open component. | Each bar in a time-based chart is based on a tick group that consists of all ticks over a defined interval of time. The first tick of the group forms the bar's Open component, the tick with the highest price forms the bar’s High component, the tick with the lowest price forms the Low component, and the last tick of the group forms the bar's Close component. The first tick with a time stamp past the original bar’s interval forms the next bar’s Open component. | ||
You can | You can select to use the price data from Trades, Asks, or Bids by Setting Quote Field. | ||
<br> | <br> | ||
| Line 80: | Line 80: | ||
The bar's Open component is always one tick above or below the Close component of the previous bar, and the bar’s Close component is always at the High or the Low of the bar. All the bars are of the same height, equal to the range. The next bar is started once the tick with a price outside of the original bar's range has been received. If the price movement is greater than the combined range of two consecutive bars, additional "virtual" bars are inserted between the bars to fill the gap. | The bar's Open component is always one tick above or below the Close component of the previous bar, and the bar’s Close component is always at the High or the Low of the bar. All the bars are of the same height, equal to the range. The next bar is started once the tick with a price outside of the original bar's range has been received. If the price movement is greater than the combined range of two consecutive bars, additional "virtual" bars are inserted between the bars to fill the gap. | ||
You can | You can select to use the price data from Trades, Asks, or Bids by Setting Quote Field. | ||
A range-based chart can only be created from tick data. | A range-based chart can only be created from tick data. | ||
| Line 112: | Line 112: | ||
Each bar in a volume-based chart is based on a tick group that consists of successive ticks for a defined number of contracts. The first tick of the group forms the bar's Open component, the tick with the highest price forms the bar's High component, the tick with the lowest price forms the Low component, and the last tick of the group forms the bar's Close component. The bar is closed once a tick, bringing the current bar’s total to the defined number of contracts, has been received. If the last tick’s volume is grater than is required to complete the current bar, the tick is split. The volume required for the current bar is used for that bar, and the balance is used to start the next bar. | Each bar in a volume-based chart is based on a tick group that consists of successive ticks for a defined number of contracts. The first tick of the group forms the bar's Open component, the tick with the highest price forms the bar's High component, the tick with the lowest price forms the Low component, and the last tick of the group forms the bar's Close component. The bar is closed once a tick, bringing the current bar’s total to the defined number of contracts, has been received. If the last tick’s volume is grater than is required to complete the current bar, the tick is split. The volume required for the current bar is used for that bar, and the balance is used to start the next bar. | ||
You can | You can select to base this chart on the actual volume of all transactions, or on the total number of transactions (ticks) only, by using the Build Volume On selector. | ||
You can | You can select to use the data from Trades, Asks, or Bids for this chart by Setting Quote Field. | ||
<br> | <br> | ||
| Line 136: | Line 136: | ||
=== Build Volume On Selector === | === Build Volume On Selector === | ||
You can | You can select to base a chart on the actual volume of all transactions, or on the total number of transactions (ticks) only, by using the '''Build Volume On''' selector. | ||
<br>'''Build Volume On''' selector is set from the '''Format Instruments''' window: | <br>'''Build Volume On''' selector is set from the '''Format Instruments''' window: | ||
