Charting Features
Bar Chart in the Chains tab of the Market window
It is now possible to show a ranked bar-chart of the selected chain in the market window. It will show a selected count of the top and bottom instruments ranked by a field type by choice.
How to use
When a new market window is opened on any market, the chains page will automatically show the bar-chart by default. In market windows saved in a workspace the bar-chart will by default not be shown and needs to be turned on.
The toolbar in the Chains page of the market window is now extended with controls to hide or show the bar chart and to change it’s content.
Hide chart/Show chart: turn on or off the bar chart
Compare by: select the field type the instruments should be ranked by
Top/Bottom: change the number of instruments (bars)
The colors of the bars will follow the color scheme from Color and Font Setup, with the following definitions: “Positive change”, “Negative change” and “Unchanged”.
Awesome Oscillator
The Awesome Oscillator (AO) is an indicator used to measure market momentum. AO calculates the difference of two selected periods simple moving averages, where the default periods are 5 and 34. The simple moving averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.
How to use
In the chart window toolbar, click on the “Add study” button to bring up the Add New Study dialog.
Scroll down in “All studies” or type AO to select Awesome Oscillator. From this page it is possible to change the two periods and the study’s colors. When the configuration is complete click Ok to add the study.
Because of its nature as an oscillator, The Awesome Oscillator is designed to have values that fluctuate above and below a Zero Line. The generated values are plotted as a histogram of red and green bars. A bar is green when its value is higher than the previous bar. A red bar indicates that a bar is lower than the previous bar. When AO's values are above the Zero Line, this indicates that the short-term period is trending higher than the long-term period. When AO's values are below the Zero Line, the short-term period is trending lower than the longer term period. This information can be used for a variety of signals.
The most straightforward, basic signal generated by the AO is the Zero Line Cross. This is simply when the AO value crosses above or below the Zero Line. This indicates a change in momentum.
When AO crosses above the Zero Line, short term momentum is now rising faster than the long-term momentum. This can present a bullish buying opportunity.
When AO crosses below the Zero Line, short term momentum is now falling faster than the long-term momentum. This can present a bearish selling opportunity.
Supertrend Indicator
Supertrend Indicator (SI) is a trend-following indicator based on Average True Range. The calculation of its single line combines trend detection and volatility. It can be used to detect changes in trend direction and to position stops.
How to use
In the chart window toolbar, click on the “Add study” button to bring up the Add New Study dialog.
Scroll down in “All studies” or type SI to select Supertrend Indicator. From this page it is possible to change the period, multiplier and the study’s colors. Period setting is the lookback length for the ATR calculation. The multiplier is what the ATR is multiplied by to offset the bands from price. Once the configuration is complete click Ok to add the study.
SI is a trend-following indicator. It is overlaid on the main price graph and their plots indicate the current trend. A SI can be used with varying periods (daily, weekly, intraday etc.) and on varying instruments (stocks, futures or forex).
When the price falls below the indicator curve, it turns red and indicates a downtrend. Conversely, when the price rises above the curve, the indicator turns green and indicates an uptrend. After each close above or below SI, a new trend appears.
Ichimoku Cloud
The Ichimoku Cloud (ICHI) is a package of multiple technical indicators that signal support, resistance, market trend, and market momentum. It is one of the few indicators out there that attempt to convey several meaningful insights into one. For that reason, it can be hard to understand at first glance but is commonly used among professional traders and market participants.
How to use
In the chart window toolbar, click on the “Add study” button to bring up the Add New Study dialog.
Scroll down in “All studies” or type ICHI to select Ichimoku Cloud. From this page it is possible to change length of the 3 calculated periods and the colors of the various output lines. Once the configuration is complete click Ok to add the study.
The Cloud is an integral part of the technical indicator as a whole and helps traders and investors identify the specific calculations made to the chart. Price below the cloud indicates a downward trend, whereas price above the cloud indicates an uptrend. These trend signals can strengthen if both the cloud and the price are moving in the same direction. Similarly, the signals can weaken if the cloud is moving in the opposite direction.
By using various averages, the Ichimoku Cloud indicator gives traders and investors key and extensive data information. Trends are high when price is above the cloud, weak when price is below the cloud, or transitioning when price is seen inside the cloud.
Study on Study
The feature is improved so it is now possible to add a technical study that calculates on any other existing studies in the chart.
How to use
In the chart window toolbar, click on the “Add study” button to bring up the Add New Study dialog.
For example, scroll down to or type MA to select the Moving Average study. In the setup page, Instrument/Line drop-down, select another technical study. In this example, the On Balance Volume (OBV) is already added to the chart and is now selectable as the source of calculations. This means that this MA study will calculate moving averages for OBV.
Target Currency support expanded
There are now 2 levels of target currency in the chart window. Level 1 is on a window level where all price-graphs are converted to this currency, and level 2 on a per graph level. As a default the chart do not currency convert anything, it will show all compare studies in their native currency. For example, given a chart window that has BMW.XET as the primary instrument and S&P 500 as a compare on the opposite axis they are shown in their native currencies EUR and USD.
How to use
There is now a new button on the chart window toolbar, “Set target currency”, which opens the target currency dialog.
From there it is possible to set a window level target currency by clicking on the “Modify” button or change (override) any compare studies' currency. For compare studies there are three choices for a currency conversion:
Local currency - the comparing instruments native currency will always be kept
Target currency - the compare study will always currency convert to the chart windows target currency
Override - set a currency conversion that only applies to this compare study
In this example, change the compare study drop-down from “Target currency” to “Override”. Then click on the “Modify” next to the drop-down and select a new currency specific for this study, for example EUR to match the current chart window instrument currency or any other currency for that matter. Notice that the currency conversion for this compare study will not change even if the chart window instrument is changed.
The prices for the compare study is now converted to EUR while the chart window instrument has kept it’s prices in it’s native currency. The legend now shows the target currency for the converted compare studies. If all studies in the chart should always be converted to a specific currency it is better to set a target currency on a window level.
Click on the “Modify” button on the top right of the dialog to set a target currency. All technical studies showing prices and also all compare studies will now be converted to this currency.
Support pre-trade activity in intraday charts
It is now possible to include pre-trade activity for instruments on the US equity markets in price-graphs on intraday charts.
How to use
In a chart window showing a US equity instrument, click on the Setup button on the toolbar to open the “Chart Settings” dialog. Then go to the Events page. This page is now organized a bit differently than before. There are sections divided into types of events, where it can be changed whether to include the event in the chart and if to show an indicator for it.
The new section “Trades” includes two new checkboxes for pre-trades. Check “Include pre-trades” to add these prices to any price-graph present in the chart.
Instruments in a pre-market state will now show pre-trades today.
For longer periods of time, the chart will show both pre-trades and normal trades.
It might be difficult to spot where the pre-trades end and normal trades start, so there is now a new feature to configure the looks of the event indicators. This can be done in Advanced Settings at the Chart page. Scroll down to the new “Event indicators” section where all event types will be listed.
For the pre-trade “event” it is possible to change the visual indicator from “knob” to “Line”. The line will be plotted from the bottom x-axis up to the top of the chart where pre-trades end. The same can be done for “normal” trades.
