charting

Can you explain what the wicks or tails of Renko charts represent?

The tails of a Renko candlestick represent the high and low prices achieved in each bar, just like any other periodicity.  Traditional Renko chartists are accumusted to plotting Renko bars without the tails.  This can be achieved by changing the style of the bars to Wickless Candles (right-click in chart and choose "Style: Wickless Candles").  However, plotting Renko with a style of "Candlestick" and thus showing the wicks or tails can provide some important additional information regarding how high and how low price moved during the formation of that Renko bar.

Eliminating Whitespace, Gaps

Toggle Whitespace

Here is how to eliminate the whitespace that can occur when a market is closed due to a holiday, abbreviated trading session, trading halt, or any other reason. If the chart has periodicity time per bar and you would like to collapse the whitespace, right click the chart and choose Periodicity-> Other; uncheck the Whitespace for Non-Trading Periods box as shown below. Keyboard shortcut Shift+8 (the asterisk key).

What is the "Fresh Start" option?

Many of the tick-based periodicities provide a Fresh Start option within the periodicity control. These periodicities include Tickbars, Volume bars, Rangebars, Renko, PNF, etc. When fresh start is available, you will see a Fresh Start checkbox at the bottom of the periodicity control as you see below:

What is a Chart Periodicity?

Periodicity is defined as the character of being periodic; the tendency to recur at regular intervals. Applied to market data analysis and Investor/RT in particular, the periodicity of a chart relates to the manner by which the periodic intervals of market data are determined. All the trading within an interval is defined as a bar, each bar having an open price, high, low, close and volume of trading during the interval. This tutorial presents the extensive range of periodicities available in Investor/RT. Periodicities are grouped into three categories: time dependent, volume dependent, and price dependent.

Specifying a different PNF box size

Let's assume for our example that you would like to set the box size to $0.25 for stocks trading under $5, $0.50 to stocks trading between $5 and $20, and to $1.00 for stocks trading over $20. The following scan will accomplish this.

Chart Slide Shows

To display a slide show of Instruments, open a QuotePage containing those Instruments and on the QuotePage Toolbar, select the Slideshow Icon as shown below:

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