How to Add Annotations to Your Charts With BigCharts
One of the biggest problems with traditional chart software is how to add annotations to your charts. With BigCharts, this problem can be avoided by using its drawing tools panel. It is located on the left side of the chart and can be hidden or shown by checking or unchecking the “Tools Panel” in the App’s Settings. The toolbar also remembers which tool you used last in a given group. To use this feature, you must be logged in and have a valid account.
Chart type
When you use Big Charts to chart your stocks, you can choose between the two main types of moving averages: Simple and Exponentially smoothed. The Simple Moving Average is the default option, but you can change it to Exponentially Smoothed by selecting the multiple options. The Exponentially smoothed Moving Average puts more weight on recent prices. BigCharts lets you add up to three moving averages. The 2nd and 3rd moving averages are by default multiples of the first. However, you can change this default function and choose the number of moving averages to use.
The Logarithmic scale uses percentages as its primary unit. The price change between two stocks that increase by $10 is plotted higher than that of a stock that increases by $100. The logarithmic scale is more useful when you are trying to compare two stocks within a narrow price range since it shows more information. When deciding on which chart type to use, consider the information you want to see. There are many benefits to each type of chart.
Chart zooming
You can change the chart zooming level by dragging the time or price scales at the bottom or on the right side. You can also change the color of the bars by double-clicking on the OHLC or HLC icons. To zoom the chart in the center, simply click the x axis of the chart. The size of the selected point will be rescaled by the appropriate percentage. To change the zoom level of the chart, you need to open the Settings menu.
To enable chart zooming, you need to enable show-labels attribute. When the attribute is set to true, the plot will appear with included labels. If you specify no label, the data will be ignored. Otherwise, you should use the default chart zooming. The zoomToValues attribute specifies the start and end zoom values based on the index and scale value. The cylinder, cone, and pyramid aspects of the bar chart have been added to the library.
Chart annotations
Bigcharts can display additional indicators, like the relative strength index, in sub-charts. To make it easier to read, place the additional indicators in the same order across all charts. You can use different fonts and sizes, but try to stick with one overall. If you do this, you will find it easier to read the data on your charts. In the future, you can even add your own custom annotations.
If you’d like to apply your own custom templates, you can do so in the My Barchart tab. The default template is based on the settings you’ve applied to your chart. You can create a template for your chart to avoid re-entering the settings every time. For registered site members, you can save your favorite settings as a default chart template. Once saved, the template will automatically display the chart with the selected settings. You can also identify the default chart template in your Site Preferences.
Continuation chart
A Continuation chart uses the same contract month as a regular line chart and can be built for daily, weekly, monthly, or quarterly time frames. It is also possible to set custom date ranges by entering a starting and an ending date. Then, simply click “Continue” and a new line chart will appear. You can also click on the Continuation Target to see the next price target.
Continuation patterns are patterns that appear in the middle of a trend. Once completed, the signal that the trend is likely to continue in that direction. They are common in all time frames and include flags, pennants, and rectangles. You can use a continuation pattern to help you trade. There are some disadvantages to using continuation patterns, however, including potential problems such as reversals or multiple false breakouts.
Renko chart
The Renko Big Charts are constructed using price movement. Each time price moves a certain amount, a new brick is formed. The brick size is calculated based on a 14-period ATR. Traditional charts use a constant size of bricks. Barchart, on the other hand, uses the Close and calculates ATR based on the number of days since the last close. As a result, the size of the bricks fluctuates.
Because a Renko chart filters out minor price movements, it makes it easier to focus on the important trends. However, it is important to keep in mind that Renko charts have limited information and must be used in conjunction with other forms of technical analysis. This chart will give you a better understanding of the price trends than any other type of chart. You should only use this type of chart when you are analyzing complex markets.
