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How to draw Candlestick, Point And Figure, Stock chart – INNERSOFT STATS

How to draw Candlestick, Point And Figure, Stock chart – INNERSOFT STATS



Download INNERSOFT STATS from
http://isstats.itspanish.org/

From the menus choose: Graphs – Candlestick/Point and Figure

Available type charts are:

• Candlestick. Require High, Low, Open and Close variables.
• PointAndFigure. Requires High and Low variables.
• Range. Requires High and Low variables. If Open and Close variables are also defined, it will draw two different range series: High-Low series, and Open-Close series.
• RangeBar. Requires High and Low variables. If Open and Close variables are also defined, it will draw two different range series: High-Low series, and Open-Close series.
• RangeColumn. Requires High and Low variables. If Open and Close variables are also defined, it will draw two different range series: High-Low series, and Open-Close series.
• SplineRange. Requires High and Low variables. If Open and Close variables are also defined, it will draw two different range series: High-Low series, and Open-Close series.
• Stock. Requires High, Low, Open and Close variables.

The Candlestick/PointAndFigure/Stock tab contains some settings for these charts.

For Stock chart, the options are

Label Value Type: Specifies the Y value to use as the data point label. The values are: High, Low, Open, Close.
Show Open-Close: Specifies whether markers for open and close prices are displayed. The values are: Both, Open, Close.
Open-Close Style: Specifies the marker style for open and close values. The values are: Triangle, Line, Candlestick.

For Candlestick chart, the options are

Label Value Type: Specifies the Y value to use as the data point label. The values are: High, Low, Open, Close.

For PointAndFigure chart, the options are

Reversal Amount: Specifies the reversal amount for the chart. When used with the Point and Figure chart, Reversal Amount defines a custom reversal amount for the chart in box sizes. This value must be a fixed amount.
Box Size: Specifies the box size of the Point and Figure chart, as either a percentage or a fixed value. For example: 1.2 or 4%.
Proportional Symbols. Specifies whether the Point and Figure chart should draw the X and O values proportionally.

https://en.wikipedia.org/wiki/Candlestick_chart

A candlestick chart (also called Japanese candlestick chart) is a style of financial chart used to describe price movements of a security, derivative, or currency. Each “candlestick” typically shows one day; so for example a one-month chart may show the 20 trading days as 20 “candlesticks”.

It is like a combination of line-chart and a bar-chart: each bar represents all four important pieces of information for that day: the open, the close, the high and the low. Being densely packed with information, they tend to represent trading patterns over short periods of time, often a few days or a few trading sessions.[2]

Candlestick charts are most often used in technical analysis of equity and currency price patterns. They appear superficially similar to box plots, but are unrelated.

https://en.wikipedia.org/wiki/Point_and_figure_chart

Point and figure (P&F) is a charting technique used in technical analysis. Point and figure charting does not plot price against time as time-based charts do. Instead it plots price against changes in direction by plotting a column of Xs as the price rises and a column of Os as the price falls.

Point and Figure charts are based primarily on price action, not time. If there are no significant price moves over time, P&F charts will show no new data. This difference can make P&F charts ideal for detecting directional patterns and trends in a condensed format.

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