What are Charting Tools?
Chart tools refer to various features and functionalities available on trading charts within Liquid Charts. These tools are designed to help traders analyze market data more effectively. They often include technical indicators (like moving averages, RSI, MACD), drawing tools (such as trendlines, Fibonacci retracements, and shapes), and other analytical elements (like price patterns, volume bars, or chart types). Chart tools assist traders in conducting technical analysis, identifying trends, making predictions, and determining potential entry and exit points for trades.
Key Chart Tools
- Drawings
- To open a trade is used to change the lot and protect the orders with SL/TP
- Aggregation Period is used to change the time of the chart
- Chart Type is used to change from Candle to Bar to Line etc.
- Indicator Settings - To add indicators
- Multichart is used to change the chart layout
- Snapshot is used to download or copy the chart image.
- Chart Settings
Price Data for Specific Candles
Every candle includes the OHLC which are the following including the volume.
- Open price
- Highest price
- Lowest price
- Close price