Charts Heikinashi chart-Heikin-Ashi chart looks like the candlestick chart but the method

of calculation and plotting of the candles on the Heikin-Ashi chart is different from the candlestick chart. Each candle is calculated and plotted using some information from the previous candle:

1- Close price: the close price in a Heikin-Ashi candle is the average of open, close, high and low price.

2- Open price: the open price in a Heikin-Ashi candle is the average of the open and close of the previous candle.

3- High price: the high price in a Heikin-Ashi candle is chosen from one of the high, open and close price of which has the highest value.

4- Low price: the low price in a Heikin-Ashi candle is chosen from one of the high, open and close price of which has the lowest value.

So candles of a Heikin-Ashi chart are related to each other because the close and open price of each candle should be calculated using the previous candle close and open price and also the high and low price of each candle is affected by the previous candle. So a Heikin-Ashi chart is slower than a candlestick chart and its signals are delayed (like when we use moving averages on our chart and trade according to them).

Range chart- Charts based upon price range make a new price bar (or candlestick,

line, etc.) every time the price has moved a specific distance. This type of chart is time- independent.

Kagi chart- Kagi charts display a series of connecting vertical lines where the

thickness and direction of the lines are dependent on the price action. The charts ignore the passage of time. Kagi charts have no time axis and are made up of a series of vertical lines, however in the case of Kagi charts, the vertical lines are based solely on the action of closing prices. Another difference is that the thickness of a Kagi chart line changes when closing prices penetrate the previous column top or bottom.

Change Timescale

There are three ways to change the timescale of a chart: 1. Right-click on the chart and change the time scale from the bottom of the context menu 2. Select a timescale from the Timescale drop-down menu, located in the Fixed Toolbar