Fundamentals of Chart Creation
Tim Knight
Abstract
Tim Knight
Abstract
Before delving into charts, one should understand some subtle differences that exist among different financial instruments that can be charted. Regardless of what a trader is charting, one other fact to understand is that each bar (or point) represents a specific segment in time. That segment could be as little as a single minute or as great as a year. One of the most important properties of a chart is whether it is arithmetically scaled or logarithmically scaled. This chapter includes basic chart properties, different kinds of financial instruments, viewing the data on a chart in detail, searching for symbols, streaming, and cloning.
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Before delving into charts, one should understand some subtle differences that exist among different financial instruments that can be charted. Regardless of what a trader is charting, one other fact to understand is that each bar (or point) represents a specific segment in time. That segment could be as little as a single minute or as great as a year. One of the most important properties of a chart is whether it is arithmetically scaled or logarithmically scaled. This chapter includes basic chart properties, different kinds of financial instruments, viewing the data on a chart in detail, searching for symbols, streaming, and cloning.
Key concepts: Chart, Bar chart, Pie chart, Point (geometry), Computer science, Information retrieval, Mathematics, Statistics