Chart Type

Description

Chart type is the type or 'style' of the main plot the user wishes to display. The available types are:


Bar Chart

The standard OHLC bar chart. Color is used to show up, down or no change status from the previous bar.

Bar chart


Paint Bar

Same as the Bar chart type except that the colors used are based on the alert status rules of an active indicator. Used for showing generalized support and resistance areas. For example, this paint bar is based on the MACD indicator. Notice how when the red MACD line rises above the MACD yellow trigger line, the bars are green, meaning a buy alert. When the MACD falls below the MACD trigger line, the bars are colored red, meaning a sell alert.

Paint bar chart


Line

This chart is just a single line plot based on the days close value.

Line chart


Candle

This is the standard candlestick chart. An empty box (traditionally white) candle body means that the close was higher than the open. A solid (traditionally black) candle body means that the close was lower than the open.



Candle 2

This is a custom candle chart. An empty box (traditionally white) candle body means that the close was higher than the open. A solid (traditionally black) candle body means that the close was lower than the open. Colour adds another dimension. Red is a lower close than the previous close. Green is a higher close. Blue indicates no change from the previous close.



P&F

Qtstalker version of Point and Figure uses a general box sizing formula. The formula is calculated by taking the increment of the current chart scale and divide that by 4. A 3 box reversal is also used. The other difference is no X's or O's are used, instead we use colors. Color up is used for X's and Color Down is used for O's. Much easier to gauge at a glance and stays in keeping with other chart type uses of color. Note that Qtstalker uses a time based style that allows you to overlay indicators.

Point and figure chart


Swing

This is the typical Gann type swing chart. An up swing is colored green. A down swing is colored red.

Swing chart