There are several ways to plot the price data of a symbol on the screen. Each type of visualization is called a chart type. Some chart types are fairly common and easy to understand, like line charts, bar charts or candlestick charts, other visualizations are more complex, like Point and Figure charts or the Japanese variations Three Line Break, Renko and Kagi. Every chart type has its advantages and disadvantages it is up to you to decide which type suits you best for a specific task. By default, TeleTrader WorkStation uses candlestick charts.

All chart types used in TeleTrader WorkStation only need the prices of a symbol as an input: Some chart types only use the Close prices of a period, others also include Open, High and Low prices. Instead of the Close price, you can also use the Settlement price. If you do not want to use the trade prices on your chart, you can also plot bid or ask prices for some types of securities.

Bear in mind that a chart is always a combination of its chart type and its data compression. A 10-ticks bar chart will look differently than a daily bar chart, and is certainly different than a daily Kagi chart. Also see Changing the Data Compression.

To change the chart type

▪ Click on the arrow next to the Chart Type icon in the Chart toolbar.

Note You can also change the chart type with the menu command Chart > Plot Type.

▪ Choose the chart type that you want to use:

Line Chart

The Close prices of the symbol are plotted as a continuous, smoothed line. This is a Finance chart type.

Bar Chart

The Open, High, Low and Close prices of a symbol are plotted as bars. This is a Finance chart type.

Candlestick Chart

The Open, High, Low and Close prices of a symbol are plotted as candlesticks. This is a Finance chart type.

Point Chart

The Close prices of a symbol are plotted as points. This chart type is similar to the line chart, except that the data points are not connected with a line. This is a Finance chart type.

Histogram Chart

The Close prices of a symbol are plotted as vertical columns. This is a Finance chart type.

Stair Step Chart

The Close prices of a symbol are plotted as steps. This chart type is similar to the line chart, except that the data points are connected with rectangular lines (steps). This is a Finance chart type.

Point & Figure Chart

The prices of a symbol are plotted independent of time in columns of Xs and Os. You can freely configure the box size and reversal amount.

Three Line Break Chart

The prices of a symbol are plotted independent of time in rising or falling columns (lines). A change in trend (reversal) takes place when the price breaks the high/low of the three previous columns (lines).

Renko Chart

The prices of a symbol are plotted independent of time with so-called "bricks" (boxes). A new brick in either direction is drawn when prices exceed the previous brick by at least the brick size, which can be configured freely.

Kagi Chart

The prices of a symbol are plotted independent of time with vertical lines that show the direction of a price movement and horizontal lines that show a reversal. A reversal takes place when the price changes by at least the filter amount, which can be configured freely.

Heikin Ashi Chart

Heikin Ashi-transformations of the Open, High, Low and Close prices of a symbol are plotted as candlesticks.

Note Some chart types are not available for specific data compressions. For example, you cannot show tick by tick data as a bar or candlestick chart.

To change the chart type configuration

▪ Right-click on the chart and choose Properties.

▪ On the left side of the dialog, select the name of the chart pane, the name of the symbol and then Display. For example: Pane 1 > DAX > Display.

▪ On the right side of the dialog, select the chart type that you want to use from the Chart mode list.
If you choose the chart mode Finance, you have to select the chart type from the sample pictures (Line, Bar, Candlestick, Histogram, Points or Stair Step).

▪ Choose what prices should be used for plotting the chart:

Chart Open High Low Close

Open, High, Low and Close prices are used to plot the chart (if appropriate for the chosen chart type).

Chart Open High Low Settlement

Instead of the Close price, the Settlement price of a symbol is used to plot the chart.

Chart Bid (OHLC)

Instead of the last prices, the bid prices are used to plot the chart (Open, High, Low and Close).

Chart Ask (OHLC)

Instead of the last prices, the ask prices are used to plot the chart (Open, High, Low and Close).

▪ For some chart types (Point & Figure, Renko, Kagi), you can adapt additional settings, like the box size and reversal amount in Point and Figure charts. For details, see Point and Figure Charts, Renko Charts or Kagi Charts.

Learn more:

Finance Charts

Point and Figure Charts

Three Line Break Charts

Renko Charts

Kagi Charts

Heikin Ashi Charts