Forex Strategy Builder

Online help system - Indicator Chart

Indicator Chart

Introduction

You can open the indicator chart by clicking on the small bar chart in the market panel.

The price is represented as Japanese candlesticks. The rectangular part of the bar is called Candlestick body. It represents the range between the open and closing prices. When the closing price of the bar is higher than its opening price - the body is white, in the other case, the body of the candlestick is black. The thin black vertical line on top of the body is Upper Shadow. The top of the upper shadow is higher bar price. Below the body is the Lower Shadow. Its bottom represents the lower bar price.
Therefore, the opening price of the bar is at the bottom of the white bar body or at the top of the black bar body. The closing price is at the top of the white bar body. When the body is black, the closing price is at its bottom.

You can zoom in the chart by pressing the plus [+] key and zoom out by the minus [-] key.

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Elements

Indicator Chart
  1. Price chart panel - holds the price chart, indicators, volume, position's lots, ...
  2. Green up arrow - notes a buy point
  3. Price bar - represented as black or white candlesticks
  4. Yellow cross - notes the point of closing the position
  5. Red down arrow - notes a sell point
  6. Volume - the bar tick volume drawn as vertical violet line
  7. Position's lots - a green bar - long position; a red bar - short position; a yellow bar - closing of the position. The height of the bar shows the number of the position's lots.
  8. Indicator chart panel - holds an indicator chart
  9. Splitter - you can change the height of the panel by moving the splitter upward or downward

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Dynamic information

When moving the mouse cursor over the indicator chart the dynamic information panel shows all values of the price bar, indicators and the current position.

For the open filters, the parameters Allow open long/short show whether the logic condition of the filter is satisfied. A position can be opened when all the open filters allows its opening.

When close filters are used. The parameters Force close long/short show whether the logic condition of the close filter is satisfied. One close filter condition satisfied is enough the current position to be closed.

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