Graph Draw Types


Introduction

Graph Draw Types set the type of graph to be displayed using the bar data which includes Open, High, Low and Close data.

There several ways to set the Graph Draw Type:

  1. To set the Graph Draw Type for the main price graph of the chart, select Chart >> Chart Settings.
  2. In the Graph Draw Type box, select the Graph Draw Type that you require.
  3. The alternative way to quickly set the Graph Draw Type for the main price graph of the chart, is to select Chart >> Graph Draw Types and choose the Graph Draw Type that you require in the list on the menu.
  4. To set the Graph Draw Type for a study that supports the Graph Draw Type setting, open the Study Settings window.
  5. Select the Subgraphs tab of the Study Settings window.
  6. Change the Graph Draw Type to what you require. Refer to Adding/Modifying Studies for instructions.

Available Graph Draw Types

Open High Low Close (OHLC) Bars

The vertical line of the bar indicates the High and Low for the period of the bar. The mark on the left is the Open. The mark on the right is the Close or last.

CandleStick Bars

The vertical line in this type of bar indicates the High and Low for the period of the bar. The box over the line goes from the Open to the Close for the period of the bar.

Line on Close

A line drawn at the level of the closing price for the period of a chart column to the closing price of next period.

Mountain

The Mountain Graph Draw Type draws a Mountain graph using the period Close values.

The color for the Mountain Graph Draw Type can be set through the Graphics Settings window.

The specific color setting is Line on Close / Line On Open / Mountain and is listed in the Colors and Widths list.

Stair Step on Close

Draws a Stair Step graph using the period Close values.

Bid Ask Volume Bars

Chart with Bid Ask Bars

This graph is based on the Bid Volume, Ask Volume and total volume data as well as the Open, High, Low, and Close values.

For these bars to function as documented you must have Bid Volume and Ask Volume for the symbol of the chart. To confirm that you do, add the Bid Volume and Ask Volume studies to the chart. If these studies do not display any bars or have missing bars, then where you do not see bars you do not have Bid Volume and Ask Volume available. If Bid Volume and Ask Volume are not known for a bar in the chart, they are assumed to each be 50% of the total volume of the bar.

Each bar provides the following information:

  • High price value: The top of the bar.
  • Low price value: The bottom of the bar.
  • Open price value: The thin dash on the left of the bar.
  • Close price value: The thin dash on the right of the bar.
  • Volume: The width of the bar depends on its total volume. The widest bar corresponds to the bar with the largest volume among the visible bars in the chart. The narrowest bar corresponds to the bar with lowest volume among the visible bars in the chart.
  • BidVolume and AskVolume: The bar has two colors. The Bid Volume color (red by default) represents the volume of the trades that make up the bar that traded at the Bid. The Ask Volume color (green by default) represents the volume of the trades that make up the bar that traded at the Ask. For example, if Bid volume and Ask volume each represent 50% of the total volume, then each will be 50% of the bar. The color of BidVolume and AskVolume depends upon the width of the bar. These colors are explained in the Bid Ask Volume Bars Color Settings section.

The largest width for these types of chart bars is controlled through the Global Settings >> Graphics Settings >> Other >> Price Volume Bars Width % setting. The default setting is 125 percent.

Color Settings for Bid Ask Volume Bars

You can set the colors for the Bid Ask Volume Bars Graph Draw Type through the Graphics Settings window.

The color settings are in the Colors and Widths list.

Graphics Settings


Color Description
Bid Ask Bar: Large Volume Ask Color This color is used for the Ask Volume portion of the bar when the total volume of the bar is in the 75% to 100% range of the volumes of the displayed bars.
Bid Ask Bar: Medium - Large Volume Ask Color This color is used for the Ask Volume portion of the bar when the total volume of the bar is in the 50% to less than 75% range of the volumes of the displayed bars.
Bid Ask Bar: Light - Medium Volume Ask Color This color is used for the Ask Volume portion of the bar when the total volume of the bar is in the 25% to less than 50% range of the volumes of the displayed bars.
Bid Ask Bar: Light Volume Ask Color This color is used for the Ask Volume portion of the bar when the total volume of the bar is in the 0% to less than 25% range of the volumes of the displayed bars.
Bid Ask Bar: Large Volume Bid Color This color is used for the Bid Volume portion of the bar when the total volume of the bar is in the 75% to 100% range of the volumes of the displayed bars.
Bid Ask Bar: Medium - Large Volume Bid Color This color is used for the Bid Volume portion of the bar when the total volume of the bar is in the 50% to less than 75% range of the volumes of the displayed bars.
Bid Ask Bar: Light - Medium Volume Bid Color This color is used for the Bid Volume portion of the bar when the total volume of the bar is in the 25% to less than 50% range of the volumes of the displayed bars.
Bid Ask Bar: Light Volume Bid Color This color is used for the Bid Volume portion of the bar when the total volume of the bar is in the 0% to less than 25% range of the volumes of the displayed bars.

Price Volume Bars

This Graph Draw Type will combine Price and Volume into the chart bars. The width of the bar depends on the Volume compared to the Volume of other bars displayed within the visible chart window. The wider the bar, the higher the volume of that bar relative to the other bars that are visible.

These bars are also reffered to as EquiVolume Bars.

For these bars to function properly, the symbol must have Volume data.

The largest width for these types of chart bars is controlled through the Global Settings >> Graphics Settings >> Other >> Price Volume Bars Width % setting. The default setting is 125 percent.

Candle Price Volume Bars

The Candle Price Volume Bars Graph Draw Type draws candlesticks that have a variable width based upon the volume of the candlestick relative to the candlestick with the maximum volume. A narrow width indicates that the candlestick bar has a lower volume compared to the visible candlestick bar with the maximum volume. A wide width indicates the candlestick bar has a larger volume compared to the visible candlestick bar with the minimum volume.

The width of a candlestick bar is based upon the comparison of the volume of that particular bar to the visible candlestick bar with the maximum volume. Therefore, as you scroll the chart, the candlestick bar widths can change previous to what they were at a different position in the chart.

The largest width for these types of chart bars is controlled through the Global Settings >> Graphics Settings >> Other >> Price Volume Bars Width % setting. The default setting is 125 percent.


*Last modified Friday, 12th August, 2016.