Charting User Documentation

Transcription

Charting User Documentation
Charts Overview........................................................................................... 3
Open Chart ..................................................................................................4
Instrument Selection .....................................................................................4
Charting Options...........................................................................................6
The Crosshair ............................................................................................... 7
Chart Scrolling ............................................................................................. 8
The Chart Price Scale ................................................................................... 9
Compress and Expand the Price Scale .............................................................9
The Chart Time Scale.................................................................................... 9
Compress and Expand the Time Scale .............................................................9
Chart Data Scrolling ................................................................................... 10
Chart Drawing Tools................................................................................... 11
Andrew's Pitchfork ..................................................................................... 12
About Andrew's Pitchfork ............................................................................. 12
Draw Andrew's Pitchfork .............................................................................. 12
Delete Andrew's Pitchfork ............................................................................ 14
Ellipses....................................................................................................... 14
About Ellipses............................................................................................. 14
Move or Resize an Ellipse ............................................................................. 14
Draw an Ellipse........................................................................................... 15
Delete an Ellipse ......................................................................................... 15
Fibonacci Arcs ............................................................................................ 16
About Fibonacci Arcs ................................................................................... 16
Draw a Fibonacci Arc ................................................................................... 17
Delete a Fibonacci Arc ................................................................................. 17
Fibonacci Fan ............................................................................................. 18
About Fibonacci Fans................................................................................... 18
Draw a Fibonacci Fan .................................................................................. 18
Delete a Fibonacci Fan................................................................................. 19
Fibonacci Retracement ............................................................................... 20
About Fibonacci Retracement ....................................................................... 20
Draw a Fibonacci Retracement...................................................................... 20
Delete a Fibonacci Retracement .................................................................... 21
Gann Fan .................................................................................................... 22
About Gann Fans ........................................................................................ 22
Draw a Gann Fan ........................................................................................ 23
Delete a Gann Fan ...................................................................................... 23
Trend Line Drawing .................................................................................... 24
About Trend Lines ....................................................................................... 24
Draw a Trend Line....................................................................................... 24
Delete a Trend Line ..................................................................................... 24
Extend a Trend Line or Display Prices for the Trend Line .................................. 25
Rectangles ................................................................................................. 26
About Rectangles ........................................................................................ 26
Move or Resize a Rectangle.......................................................................... 26
Drawing a Rectangle ................................................................................... 26
Delete a Rectangle ...................................................................................... 27
Speed Resistance Arcs ............................................................................... 28
About Speed Resistance Arc ......................................................................... 28
Draw a Speed Resistance Arc ....................................................................... 28
Delete a Speed Resistance Arc...................................................................... 29
Speed Resistance Fan................................................................................. 30
About Speed Resistance Fans ....................................................................... 30
Draw a Speed Resistance Fan ....................................................................... 30
Delete a Speed Resistance Fan ..................................................................... 31
Charts Overview
Onyx Charts bring streaming data and power features to your workspace, allowing
contract analysis to meet your exact specifications. Features include:
•
•
•
•
•
•
•
Currently offering 8 technical studies(3 overlay and 5 stand-alone) all with
user-changeable study parameters.
Ability to add 3 panes to a chart (a pane can contain a stand-alone study)
Choice of Tick, Intraday, Daily, Weekly or Monthly time series
Ability to retrieve any number of bars for the specified time series chosen
Core Chart Styles of OHLC Bars, HLC Bars, HL Bars, Area, Candlestick,
Histogram, Dots or Line
Crosshair and Data View box shows you the data for any bar displayed on the
chart
Ability to save chart layout in the Onyx client, maintaining any changes you
make to the chart, study parameters, etc. This allows you to recall the chart
exactly as you left it.
Charting Interface
Open Chart
There are two methods to view charts:
• Open the Onyx client and click the Charting button in the toolbar
•
Login to Onyx Web and click on the Charting button on the left-hand
navigation menu.
Instrument Selection
•
First select the Exchange for a given instrument by clicking on the select link
to the left of the exchange
•
Next, choose the Commodity.
•
Finally, choose the Expiry date for the instrument you wish to view in the
chart.
Charting Options
•
Select the Period for the chart from the drop-down list. The default time
frame is Intra Day.
•
Select the charting display style for the drop-down list. The default style is
OHLC.
•
To append an overlay study, select the appropriate study from the drop-down
list. Once you select a given study, the study parameter will display below
with the default values populated in the text boxes (if applicable).
•
To add a pane to the chart, click the Add Pane link in the tab next to the
Charting Options tab. Once clicked, a new tab will display where you can
specify a stand-alone study and it’s style to add to the chart.
•
•
To remove a pane from the chart, click on the grey “X” button to the right on
top of the tab. The chart will automatically update when closing a tab, so
there’s no need to click the apply changes button.
To display the charting options selected, click the Apply Changes button at
the bottom of the screen.
The Crosshair
Charts have an automatic crosshair function built into them. The crosshair allows you
to view data for any bar that appears on the chart in the Data View box.
To activate the crosshair, simply put your cursor anywhere on the chart, and HOLD
the left mouse button. The yellow Data View box displays, showing the Open, High,
Low, and Close for the bar the crosshair is over. The Data View box will also show
the values of any indicators on the chart.
Chart Scrolling
You can scroll a chart in three different ways to view more or less data. The three
types of scrolling allowed are:
The Chart Price Scale
The chart price scale runs vertically on the right side of the chart. You can compress
and expand the price scale using drag-and-drop functionality.
Compress and Expand the Price Scale
1. Click anywhere on the chart's price scale.
2. While holding the left mouse button, drag your cursor up or down to
compress or expand the price scale.
3. When done, release the left mouse button.
Note: Changes made to the price scale are NOT saved when you exit the
Onyx client or Onyx Web.
4. To reset the price scale back to its original setting, double-click anywhere on
the price scale.
The Chart Time Scale
The chart time scale runs horizontally across the bottom of the chart. You can
compress and expand the time scale to view more data using drag-and-drop
functionality.
Compress and Expand the Time Scale
1. Click anywhere on the chart's time scale.
2. While holding the left mouse button, drag your cursor left or right to
compress or expand the time scale.
3. When done, release the left mouse button.
Note: Changes made to the price scale are NOT saved when you exit the
Onyx client or Onyx Web
4. To reset the time scale back to its original setting, double-click anywhere on
the time scale.
Chart Data Scrolling
When a chart is drawn, only a certain amount of data can be displayed in the
widget's available window space. All the historical data is available for you to view, if
you wish to scroll the chart data.
When you click ONCE on the chart, the Data View window appears, showing you the
price data at the point on which you clicked:
When you click TWICE on the chart, the chart changes to Data Scrolling mode.
Just drag the data to see the historical data you desire. The price and times scales
will adjust accordingly.
Chart Drawing Tools
WebStation Charts contain a number of tools to assist in the analysis of data:
•
•
•
•
•
•
•
•
•
•
•
Selection and Scrolling
Trend Line Drawing
Fibonacci Retracement
Fibonacci Fan
Fibonacci Arcs
Gann Fan
Speed Resistance Fan
Speed Resistance Arcs
Andrew's Pitchfork
Rectangle Drawing
Ellipse Drawing
To access any of these tools, right-click anywhere on the chart to display the context
menu:
Note: Drawing tools are NOT saved when you exit the Onyx client or Onyx Web.
Andrew's Pitchfork
About Andrew's Pitchfork
Andrew's Pitchfork is a trend line that is used to identify trading channels. It works
best on trending markets, for all time frames.
Theory: Trend lines have been applied to all markets in all time frames. A rising
market bounces up off its supporting trend line and a falling market bounces down
off its resisting trend line. In the former case, the trend line provides a buying point
at each bounce. If this market is still trending higher (i.e. - does not break its trend
line) there is no signal given as to when to sell to lock in profits. By drawing a
parallel line to the trend line, a channel can be created which contains all short term
rallies and declines within the general trend. The bottom trend line can be used to
buy into the rally and the top trend line can be used to take short term profits. After
selling, the trader would then wait for the market to hit the bottom trend line to buy
again.
Interpretation: The bottom trend line can be used to buy into the rally and the top
trend line can be used to take short-term profits. After selling, the trader would then
wait for the market to hit the bottom trend line to buy again. It is common for a
market to trade in the lower channel, jump to the upper and then back to the lower.
During all of this activity, the general trend is still intact. When prices move outside
the larger channel, the overall market trend may have changed.
The Fibonacci Connection: Pitchforks can also help identify trading channels
before simple parallel trend line drawing can. By using an already established market
move (retracement) as the width of the channel, the median and parallel lines can be
constructed, giving the trader early targets for short term trading within the new
trend. These market retracements generally occur at Fibonacci levels so a pitchfork
can almost be considered to be Fibonacci lines on an angle.
Reference: "Real World Technical Analysis", published by Commodity Research
Bureau.
Draw Andrew's Pitchfork
1. Right-click on the chart to display the context menu, and select Andrew's
Pitchfork.
2. Click on the first reference point, to identify the "median line" of the channel.
This is typically a significant high or low early in the trend. (shown in yellow
below).
3. Click on the second and third reference points to define the outer limits of the
channel (significant highs or lows found later in the trend, shown in green and
pink below.)
Note: You will see "handles" at the end of each line, which can be used to
reposition the object with your mouse, if necessary.
4. To release the tool, right-click on the chart again and choose Selection and
Scrolling (Trend Lines Off).
Delete Andrew's Pitchfork
1. First, make sure the Trend Line Drawing tool is off. To do this, right-click on
the chart and choose Selection and Scrolling (Trend Lines Off).
2. Next, click anywhere on the Andrew's Pitchfork.
Note: The "handles" will appear at the ends of each line.
3. Press your Delete key on your keyboard.
Ellipses
About Ellipses
The ellipse is a non-analytical drawing object used to highlight or bring attention to a
particular area on a chart.
Move or Resize an Ellipse
When an ellipse is drawn, four "handles" are placed around the object. To move the
ellipse, click anywhere on the ellipse (the cursor changes to a hand). You can now
drag it to a new position on the chart.
To resize the ellipse, first click ON it (the cursor changes to a hand), then click on
any of the handles (the cursor changes to a crossbar). You can now drag it to the
desired size.
Draw an Ellipse
1. Right-click on the chart to display the context menu, and select Ellipse.
2. Click on the chart where you'd like to draw the object and drag the mouse to
its proper size, then release.
Delete an Ellipse
2. Next, click anywhere on the Ellipse.
Note: The "handles" will appear around the object.
Fibonacci Arcs
About Fibonacci Arcs
The Fibonacci Arc is a trend line tool, used to identify support and resistance. It
works best on all markets and time frames.
The arc is drawn by placing a trend line between two points (usually a trough and
opposing peak). Centered on the second point, three arcs are displayed. The arcs
intersect the trend line at 31.8%, 50.0%, and 68.2% - at the Fibonacci levels.
Thousands of years ago, mathematicians discovered that a certain number kept
appearing throughout the natural world. It was the ratio describing how flower petals
grew around their central stem, how a snail's shell swirled around its origin and how
a galaxy extended from its core. More importantly for the financial community, this
ratio described how consecutive numbers related to each other. This "golden ratio" of
.618 was applied to numbers by the thirteenth century mathematician Leonardo
Fibonacci.
The Fibonacci sequence starts like this:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ...,
where any number in the sequence is equal to the sum of the preceding two
numbers. The ratio of any two consecutive numbers starts out by oscillating around
.618 and approaches it exactly as the sequence continues.
So what does this have to do with trading? Actually, Fibonacci numbers are really
one aspect of trading with Elliott Waves and Gann Angles but those are topics for
other editions of "Tips." As we know, markets trend up and down, pause to retrace
(consolidate, correct) then continue onward. These retracements often reclaim
constant percentages of the original trend's move and can be predicted with good
accuracy by the Fibonacci sequence.
The ratios of consecutive numbers at the start of the sequence are 1.00, .50 and .67.
Market technicians have long known that market retracements tend to end at the
50% level as well as at one and two thirds. A retracement of 100% of the move
provides a very strong support/resistance line. All of these are Fibonacci levels. The
one and two thirds levels are really approximations of the Fibonacci ratio 61.8% and
its inverse. As you can see, Fibonacci levels are simply refined versions of what
traders have been using for years.
Bureau
Draw a Fibonacci Arc
1. Right-click on the chart to display the context menu, and select Fibonacci
Arcs.
2. Click on the first point on the chart, drag the mouse to the second point, and
release.
Delete a Fibonacci Arc
2. Next, click anywhere on the Fibonacci Arc.
Note: The two "handles" will appear at either end of the control line.
Fibonacci Fan
About Fibonacci Fans
The Fibonacci Fan is a trend line tool, used to identify support and resistance. It
works best on all markets and time frames.
The fan is drawn by placing a trend line between two points (usually a trough and
opposing peak). Next, an invisible vertical line is drawn through the second reference
point. Three trend lines are then drawn from the first extreme point so they pass
through the invisible vertical line at the Fibonacci levels of 31.8%, 50.0%, and
68.2%.
Bureau.
Draw a Fibonacci Fan
Fan.
2. Click on the first point on the chart, then drag the mouse to the second point,
and release.
Delete a Fibonacci Fan
2. Next, click anywhere on the Fibonacci Fan.
Fibonacci Retracement
About Fibonacci Retracement
The Fibonacci Retracement is a trend line tool, used to identify support and
resistance. It works best on all markets and time frames.
The fan is drawn by placing a trend line between two points (usually a trough and
opposing peak). Five horizontal lines are drawn. The lines intersect the trend line
between the two reference points at the Fibonacci levels of 0.0%, 31.8%, 50.0%,
68.2%, and 100.0%, 161.8%, 261.8%, and 4236%. Some of the lines might not be
visible, because of the scale limitations in the chart window.
Bureau.
Draw a Fibonacci Retracement
Retracement.
and release.
Delete a Fibonacci Retracement
2. Next, click anywhere on the Fibonacci Retracement.
Gann Fan
About Gann Fans
A Gann Fan is drawn between a significant bottom and top (or vice versa) at various
angles.
For a Gann fan, two reference points define the middle line of a seven-line "fan" of
time relative to price. The first reference point is the one from which the fan extends.
The second reference point, drawn to the right of the first, determines the rate of
equivalence between time and price. The angles of the fan, relative to an assumed
horizontal line and middle line's angle, are shown in the table value.
In Gann's original formulation, the rate of equivalence between time and price was
1/1 (one unit of time equals one unit of price), so that the middle line of the fan
defines a 45º angle.
Since the rate can be m/n (m units of time equals n units of price), angles relative to
the middle line's angle are adjusted accordingly. For example, the actual ratio of the
1-to-8 line is 1-to-(8*n/m).
The table below displays the calculations involved in the Gann Fan.
Time x Price Fan angle (degrees) via
45º middle line
1x8
82.5
1x4
75.00
1x3
71.25
1x2
63.75
1x1
45.00
2x1
26.25
3x1
18.75
4x1
15.00
8x1
7.5
Bureau
Draw a Gann Fan
1. Right-click on the chart to display the context menu, and select Gann Fan.
2. Click on the first significant point (top or bottom of the fan), then drag the
mouse to the second significant point, and release.
Note: You will see two "handles" on the fan which can be used to reposition it
with your mouse, if necessary.
Delete a Gann Fan
2. Next, click anywhere on the Gann Fan.
Note: The two "handles" will appear at either end of the fan.
Trend Line Drawing
About Trend Lines
Lines are used on charts to mark the trends in which markets are moving. You can
choose to display the prices identified at each end of the line, or extend the line from
either point.
When a line is drawn, two "handles" are placed at either end of the object. To move
the line, click anywhere on the line (the cursor changes to a hand). You can now
drag it to a new position on the chart.
To resize the trend line, first click ON it (the cursor changes to a hand), then click
on any of the handles (the cursor changes to a crossbar). You can now drag it to the
desired size.
Draw a Trend Line
1. Right-click on the chart to display the context menu, and select Trend Line.
2. Click on the chart where you'd like to start the line and drag the mouse to its
proper size, then release.
Delete a Trend Line
2. Next, click anywhere on the Line.
Note: The "handles" will appear at either end of the line.
Extend a Trend Line or Display Prices for the Trend Line
2. Next, click anywhere on the Line.
Note: The "handles" will appear at either end of the line.
3. Right-click on the line, and choose from the menu:
Rectangles
About Rectangles
The rectangle is a non-analytical drawing object used to highlight or bring attention
to a particular area on a chart.
Move or Resize a Rectangle
When a rectangle is drawn, four "handles" are placed around the object. To move
the rectangle, click anywhere on the rectangle (the cursor changes to a hand). You
can now drag it to a new position on the chart.
To resize the rectangle, first click ON it (the cursor changes to a hand), then click
on any of the handles (the cursor changes to a crossbar). You can now drag it to the
desired size.
Drawing a Rectangle
1. Right-click on the chart to display the context menu, and select Rectangle.
2. Click on the chart where you'd like to draw the object and drag the mouse to
its proper size, then release.
Delete a Rectangle
2. Next, click anywhere on the Rectangle.
Note: The "handles" will appear around the object.
Speed Resistance Arcs
About Speed Resistance Arc
The Speed Resistance Arc is a trend finder tool, used to identify sustainable market
moves. It works best on trending markets and all time frames. It displays two arcs,
which divide a price move into three equal sections (1/3 and 2/3 arcs). The curve of
each arc measures trend corrections and the rate at which a trend is ascending or
descending.
The simple rule for speed line analysis is that if a market breaks its 1/3 line, it will
likely trade to the 2/3 line and be resisted (or supported) there. If it breaks the 2/3
line, then the 1/3 line changes to support (or resistance) and the next price target is
the start of the original move. This is a 100% retracement and is also a Fibonacci
level.
Speed lines can be a quick and easy way to find market targets. Because they are
automatically adjusted to account for new highs or lows, they can help in market
analysis long after they provide their first signals. When confirmed by support and
resistance, regular trends and technical patterns, they round out the technician's tool
box.
Bureau
Draw a Speed Resistance Arc
1. Right-click on the chart to display the context menu, and select Speed
Resistance Arcs.
and release.
Delete a Speed Resistance Arc
2. Next, click anywhere on the Speed Resistance Arc.
Speed Resistance Fan
About Speed Resistance Fans
The Speed Resistance Fan is a trend finder tool, used to identify sustainable market
moves. It works best on trending markets and all time frames. It displays three
lines, that divide a price move into three equal sections (1/3 and 2/3 lines).
The simple rule for speed line analysis is that if a market breaks its 1/3 line, it will
likely trade to the 2/3 line and be resisted (or supported) there. If it breaks the 2/3
line, then the 1/3 line changes to support (or resistance) and the next price target is
the start of the original move. This is a 100% retracement and is also a Fibonacci
level.
Speed lines can be a quick and easy way to find market targets. Because they are
automatically adjusted to account for new highs or lows, they can help in market
analysis long after they provide their first signals. When confirmed by support and
resistance, regular trends and technical patterns, they round out the technician's tool
box.
Bureau
Draw a Speed Resistance Fan
1. Right-click on the chart to display the context menu, and select Speed
Resistance Fan.
and release.
Delete a Speed Resistance Fan
2. Next, click anywhere on the Speed Resistance Fan.

Charting User Documentation

Transcription

Similar documents

2016 Investors day (Invitation)700x830

Trend Colors

Here - CPL Aromas

ShareInvestor Station Quick Guide

Ten Global Giga Trends

MORE MILITARY MORE «BOYFRIEND» JEANS MORE CORAL

case study - Adknowledge

Online MBA University Prostate Cancer Treatment

newismWhy more than ever, consumers lust after