Charts

Technical traders and investors use charts to view technical price action that occurs on a moment to moment basis in the market. Beyond Charts includes a number of widely recognised chart styles such as Bar, Candlestick, Line, Base 100 and Renko. Users have the flexibility to view end of day charts over the any time period.

Below is a list of the charting styles currently offered in Beyond Charts.

Bar Chart

A bar chart is a chart with rectangular bars with lengths proportional to the values that they represent. The bars are plotted vertically and coloured in order to signify the movement over the selected period. Each bar contains open, high, low and close price data.

Candle Stick

A candlestick chart is a style of bar-chart that was originally engineered by the Japanese. It’s only concern is price movement and it’s not concerned with time and volume. The wick illustrates the highest and lowest traded prices during the time interval represented. Our Candles are coloured ‘Green’ and ‘Red’ depending on whether the security closed higher or lower than it opened.

Line Charts

A line Chart is created by connecting a series of data points together with a line. This is one of the most basic types of chart style used and it is created by connecting a series of past prices together in a line.

An extension to the standard Line Chart is a coloured line chart. Again with the use of ‘Green’ and ‘Red’ colours you can quickly and visually determine the rise or fall and trend over the selected period.

Base 100

Used to compare the performance of one or more securities, a base 100 charts resets the price at a specified point in time.

Renko

renko chart is only concerned with price movement and time and volume are not included. Developed by the Japanese, the name derives from the Japanese word for bricks, “renga”. A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. White bricks are used when the direction of the trend is up, while black bricks are used when the trend is down. This type of chart is very effective for traders to identify key support/resistance levels.