Overview of CQG Charts, Part 1


CQG has created industry-leading charts for over 30 years the benefits of CQG charts are the ease of use and exposure of the market information you need to make better trading decisions welcome to an overview of CQG charts part 1 this three-part video walks you through the features and functionality of all the different chart types available in CQG CQG offers over a dozen chart types including our own tea flow which is a special chart type that indicates if the last price was generated by a seller or a buyer first we’ll review common chart parameters then we’ll look at each chart type right click a bar on the chart and then click modify bar to open chart type parameters many chart types include these common parameters info color weight market display scale label and oldest date the info button is not an actual parameter clicking this button opens the online help for the chart parameters that contain arrows indicate that a secondary parameter window will open when that parameter is selected to return to the primary window use the back button on the secondary window choose color parameter to select a color for the line choose weight parameter to decide how thick you want the study line clicking the market cell opens the specify conditions window choose display parameter to choose a line style such as line or histogram choose scale label parameter to highlight the price for horizontal lines the oldest date parameter sets the point of the least recent barb now we’ll review each chart type bar charts are constructed from the opening highest lowest and closing prices that occurred during the time interval of the barb the opening price for the time interval will appear as a dash on the left side of the bar the highest and lowest prices during the specified interval will appear on the top and bottom of the bar respectively and the final price for the interval will appear as a dash on the right side of the bar Candlestick charts represent an alternate way of displaying bar charts the open to the close is the body it is colored green if the close of the bar is above the open and red if the close is below the open the high price above the body is the upper shadow the low price below in addition to simply displaying chart data as a candlestick chart CQG offers you the ability to display candlestick formations these formations are more fully described in Steve Neeson’s book Japanese candlestick charting techniques constant volume bar or CBB bars are built based on volume tick or exchange volume when available time is not a factor each bar in a constant volume bar chart contains a specified volume level this volume level is reached by accumulating the volume when the volume level is reached the next constant volume bar begins to plot you can apply large trade detection to volume using the aggressive parameter if checked large trade detection is applied to quotes with the aggressive parameter turned on the number of orders executed is exposed revealing the role of aggressors in the current market constant volume bar analysis is not the same as equal volume bar analysis this concludes our video an overview of CQG charts part 1 thank you

Leave a Reply

Your email address will not be published. Required fields are marked *