Create View

Brief

The article explains how to create the Kagi, Renko Candles, or Point and Figure chart.

Details

In addition to charts of common modes (line, bar, and candle), Marketscope allows to create specific ones such as Kagi, Renko Candles, or Point and Figure charts.

In fact, these charts are implemented as specific indicators or Views. Thus, you can import and use these charts as any other indicator provided they comply with the requirements of Marketscope. For details, visit www.fxcodebase.com.

To create a chart

1. On the File menu, click Create View.
   
   * When a chart is opened within the FXCM Trading Station, the command is available on the Charts menu.
2. The Create View dialog box appears.
   
   
3. Select a chart of your choice:

• Click the chart you want to create.
  
  Note: You can search for the chart by typing its name in the filter box at the top of the dialog box.
• (Optional) To apply a template to the chart, select the Apply template check box, and then click the template of your choice in the list.
  
  Note: The check box is enabled if you have at least one template saved.
• (Optional) To display the chart within the FXCM Trading Station, select the Open within Trading Station check box.
• Click OK.
4. The 'Chart' Properties dialog box appears.
   
   
   
   Note: The set of parameters depends on the selected chart. The Renko Candles chart set of parameters is provided as an example.
5. Specify the values under the Price Parameters heading:

• In the Symbol box, select the symbol, the price history of which is to be displayed on the chart.
• In the Period box, select a period of your choice. Note that the close prices of the OHLC bars of the selected period are used as source prices to create a chart. Thus, by selecting the period, you specify the time interval (minutes, hours, days, etc), at which the prices are picked up to draw the chart.
• Specify other price parameters that may be required depending on the selected chart. For example, for the Renko Candles chart, you need to specify the candle size in pips.
6. Specify the data range of the chart.
   
   Note: The data range is defined by the time interval, the price history of which is displayed to create the chart. You need to specify the starting and ending dates of this interval. Marketscope retrieves from your computer or downloads from the server the price history of the time interval in bars and then builds the chart using the close prices of these bars. The bar period is selected during the previous step. Note also that the maximum number of periods that can be used for creating the chart depends on the available price history for the selected symbol but, in any case, cannot exceed 15,000. It means that, if the number of periods of the time interval you specified is greater than 15,000, only 15,000 periods before the ending date are used to create the chart.

• To create a chart with the data range from a certain date in the past to the current date that updates in real-time, in the Date from box, select or type the starting date of the data range and leave the Date to box as is.
• To create a chart with the whole data range in the past, in the Date from box, select or type the starting date of the data range; select the Date to check box, and then select or type the ending date of the data range that precedes the current moment.
7. Specify other parameters of the chart if necessary.
8. Click OK.

Notes:

• To close a chart, on the chart bar, click the Close button next to the chart's name.
• You can scroll and scale the chart to see the historical data of the specified data range only. Marketscope does not download additional price history data beyond the Date from or Date to values. To download additional price history data, change the chart data range. For details, see Change View.
• The [History] label is not available on the charts.