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What are the symbols on the exchange chart?
After logging into the exchange panel, you will see the chart. The chart cointains elements such as time and rate level, selection of a time range (from 1 minute to 1 year), tools and selection of a view which interests you. At the top of the chart you can see the determinations such as Open (O), High (H), Low (L), Close (C) and Volume (20).
- 1 - Selection of the time range we are interested in
- 2 - Determinations of the prices and volume
- 3 - Tools for technical analysis
- 4 - Selection of the chart view (bars, candles, line, area)
- 5 - Rate level
- 6 - Time range
- 7 - Candlestick chart
Explanation of price and volume signs
Volume (20) - it is a moving average (average price chart based on the selected period - 20 moving averages for 20 periods, so for 20 candles), it opens by double clicking on the bars under the chart. The shortcuts such as O, H, L i C are connected with candles.
Candles are a graphical interpretation of what happens to a price at a given moment. To build a single candle we need:
- O - Open - opening price from selected period of time
- H - High - the hightest price from selected period of time
- L - Low - the lowest price from selected period of time
- C - Close - closing price from selected period of time
Candles also have shadows which informs how far the price has gone up or down.
Thanks to the using of the colors on the chart, you can instantly see what is the situation on the market. A lot of green candles means the rising of the prices, on the other hand - a lot of red candles means the price drop.
The range between opening and closing price creates a body. Depending on the location of the opening price, we distinguish two types of candles:
- growing - empty candle - the opening price is below of the closing price
- declining - filled candle - the opening price is above of the closing price
Tools for technical analysis
The chart allows to use various tools for detailed technical analysis, which is a collection of methods and techniques that are designed to determine the current state of the market and predict future behavior of rates. All of the functionalities are shown below:
Tools for selection - cross, dot, arrow, eraser
Tools for determining the structure of the market - trend line, trend angle, horizontal line, horizontal ray, vertical line, arrow, ray, extended, parallel channel, disjoint angle, flat top/bottom
Tools for analysis by time, price and time-price methods - pitchfork, schiff pitchfork, modified schiff pitchfork, inside pitchfork, pitchfan, Gann box, Gann square, Gann fan, Fib retracement, trend-based Fib extension, Fib time zone, trend-based Fib time, Fib circles, Fib spiral, Fib speed resistance arcs, Fib wedge, Fib channel
Tools for drawing - brush, rectangle, rotated rectangle, ellipse, triangle, polyline, curve, double curve, arc
Tools allowing the application of the text and markings on the analysis - (informations about the rate, the description of formations etc). You can choose tools like: text, anchored text, note, anchored note, callout, ballon, price label, arrow mark left, arrow mark right, arrow mark up, arrow mark down, flag mark
Tools for determining the geometry of the market - XAABCD pattern, cypher pattern, ABCD pattern, triangle pattern, three drives pattern, head&shoulders, Elliott impulse wave (12345), Elliott impulse wave (ABCDE), Elliott triple combo wave (WXYXZ), Elliott correction wave (ABC), Elliott double combo wave (WXY), cyclic lines, time cycles, sine line
Measuring tools - long position, short position, forecast, date range, price range, date and price range, bars pattern, ghost feed, projection
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