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Drawing Tools
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1. Pointer: The Pointer tool allows you to click on specific points on the chart to view data values such as price or time at that particular location. It's a handy tool for precise analysis.
2. Fibonacci: The Fibonacci tool is used for drawing Fibonacci retracement levels on the chart. These levels help traders identify potential support and resistance areas based on Fibonacci ratios, aiding in trend analysis.
3. Lines: The Lines tool lets you draw various types of lines on the chart, such as trendlines, horizontal lines, or vertical lines. These lines assist in visualizing price trends and patterns.
4. Rectangle: The Rectangle tool allows you to draw rectangular shapes on the chart. Traders use this for highlighting specific price ranges or chart patterns like channels or rectangles.
5. Trade Position: The Trade Position tool helps you mark and manage your trades on the chart. You can use it to set entry, stop-loss, and take-profit levels, making it easier to track your positions.
6. Annotation: The Annotation tool lets you add text or comments to the chart. Traders often use this to make notes about significant events, strategies, or observations.
7. Erase: The Erase tool is used for removing any drawn objects or annotations from the chart that you no longer need. It's a cleanup tool to keep your chart organized.
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Favourite Drawing Tools
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The "Favorite Drawing Tools" feature is used to save frequently used drawing tools for quick and convenient access. This feature allows you to store your preferred drawing tools, such as trendlines, shapes, or annotations, so that you can easily apply them to your charts without having to search for or recreate them each time you need them. It streamlines your technical analysis process and helps maintain consistency in your charting and analysis efforts.
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Days Back Period
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"Days Back Period" typically refers to a specific time frame or duration measured in days, counting backward from the present day. In various contexts, this term can be used to define a period or interval in the past, during which certain events or actions occurred or data was collected.
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Market Commentary
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Market Commentary powered by DZHI AI is a feature designed to provide valuable technical analysis and insights for stocks and other financial instruments. It leverages artificial intelligence to offer information on buy or sell situations, overbought or oversold conditions, trend breakouts or breakdowns, and more. Here's a breakdown of what users can expect from this feature:
1. Accessing Market Commentary:
- Users can typically access the Market Commentary feature from their charting platform. I
2. Stock Analysis:
- DZHI AI analyzes individual stocks or financial instruments, providing technical insights based on historical price data and indicators.
3. Buy or Sell Recommendations:
- Market Commentary may offer buy or sell recommendations for specific stocks or trading opportunities. These recommendations are often generated based on technical analysis patterns, indicators, and algorithms.
4. Overbought and Oversold Conditions:
- The AI can identify when a stock is overbought (potentially indicating it's overvalued and due for a correction) or oversold (potentially signaling a buying opportunity as the stock may be undervalued).
5. Trend Analysis:
- Users receive information on trend developments. This can include insights on trend continuation, reversal patterns, or potential breakout or breakdown points.
6. Key Technical Indicators:
- Market Commentary often highlights key technical indicators such as moving averages, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and others that can provide insights into stock price movements.
7. Risk Assessment:
- Some Market Commentary features include risk assessments, helping users understand the potential risks associated with specific trading decisions.
8. Timeframes:
- Users can typically day for analysis.
9. Support and Resistance Levels:
- The feature may identify significant support and resistance levels, helping traders set entry and exit points.
10. User Guidance:
- DZHI AI-powered Market Commentary often comes with explanations and guidance to help users interpret the provided information.
Market Commentary powered by DZHI AI serves as a valuable resource for traders and investors, offering data-driven insights and recommendations to aid in their decision-making processes. It can enhance users' understanding of market dynamics and support more informed trading strategies.
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Period
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These periods are often used in technical analysis to analyze price movements and make trading decisions. Here's a breakdown of the most common chart data periods:
Tick Chart: A tick chart displays individual trade transactions or price changes. Each tick represents a single trade or price change.
1 Minute Chart: In a 1-minute chart, each candlestick or data point represents the price action for one minute.
2 Minute Chart: Similar to the 1-minute chart, but each data point represents a two-minute time frame.
3 Minute Chart: Each data point on a 3-minute chart represents the price action over a three-minute interval.
4 Minute Chart: Similar to the previous charts, but each data point covers a four-minute period.
5 Minute Chart: This is a commonly used timeframe where each data point reflects the price movement over a five-minute period.
10 Minute Chart: Each data point on a 10-minute chart summarizes the price activity over a ten-minute interval.
15 Minute Chart: Similar to the 10-minute chart, but each data point represents a 15-minute period.
30 Minute Chart: In a 30-minute chart, each data point summarizes the price action over a half-hour timeframe.
1 Hour Chart: Each candlestick or data point in a 1-hour chart shows the price movement over one hour.
2 Hour Chart: Similar to the 1-hour chart, but each data point represents a two-hour period.
3 Hour Chart: Each data point in a 3-hour chart reflects the price action over three hours.
4 Hour Chart: Similar to the 3-hour chart, but each data point covers a four-hour interval.
Daily Chart: In a daily chart, each candlestick or data point represents one trading day's worth of price data.
1 Week Chart: Each data point on a weekly chart summarizes the price activity over one trading week.
1 Month Chart: In a monthly chart, each candlestick or data point reflects the price movement during one calendar month.
1 Year Chart: This long-term chart displays price data for each trading year.
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Chart Type
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Here's a brief explanation of each of them:
Candlestick Chart: A candlestick chart is a popular chart type that displays the open, high, low, and close (OHLC) prices for a specific time period as candlesticks. Each candlestick provides a visual representation of price movement, with the "wick" or "shadow" indicating the high and low prices and the body showing the open and close prices. Candlestick patterns are often used to analyze market sentiment and predict price trends.
OHLC Bar Chart: An OHLC bar chart (Open, High, Low, Close) is similar to a candlestick chart but uses bars to represent price data. Each bar has a vertical line that shows the price range between the high and low, and a horizontal line on the left side representing the opening price, and a horizontal line on the right side representing the closing price.
Line Chart: A line chart connects data points with a continuous line, typically representing the closing prices over time. It provides a simplified view of price trends and is useful for identifying overall market direction.
Line on Open Chart: This chart type represents only the opening prices over a specific time period as a line graph. It helps focus on the initial market sentiment at the start of each period.
Line on Close Chart: Similar to the line on open chart, this type displays only the closing prices over a given period as a line graph.
Line on High Chart: This chart type shows only the highest prices reached during a specific time frame as a line graph. It's useful for tracking price peaks.
Line on Low Chart: Like the line on high chart, this type displays only the lowest prices reached during a given time period as a line graph.
Heikin-Ashi Chart: Heikin-Ashi is a Japanese candlestick charting technique that smoothes price data to reduce market noise. It uses modified candlesticks to represent trends more clearly, making it easier to identify trend reversals and market direction.
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Save Chart
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This feature allows users to quickly access and apply their customized settings for different stocks. Here's a more detailed explanation:
Customized Stock Preferences: Users can customize the appearance and analysis tools for individual stocks or instruments on the platform. This customization can include adjusting font size, choosing specific colors, adding technical indicators, and drawing annotations or trendlines.
Save Stock Preferences: After customizing the chart settings for a particular stock, users have the option to save these preferences for that specific stock.
Dropdown Menu: When users want to access their saved stock preferences, they can open the "Save Chart" feature. In this feature, there is a dropdown menu that displays a list of all the previously saved stocks.
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Selecting Saved Preferences: Users can select a stock from the dropdown menu, and the platform will automatically apply the saved settings, including font size, colors, indicators, and drawings, to the chart for that stock.
Efficiency and Convenience: This feature enhances efficiency and convenience for traders who regularly analyze multiple stocks or instruments. They can easily switch between different stock preferences without the need to manually adjust settings each time they switch to a new stock.
This type of "Save Chart" feature streamlines the analysis process and allows users to maintain consistent chart settings for various stocks or instruments they are actively monitoring or trading.
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Indicators
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This feature simplifies the process of adding indicators to their charts. Here's how it would typically work:
Selecting and Customizing Indicators: Users can add various technical indicators to their charts from a list of built-in options.
Saving Favorite Indicators: After customizing an indicator to their liking, users have the option to save it as a favorite. This action adds the indicator to their list of preferred or frequently used indicators.
Dropdown Menu: When users want to add an indicator to a chart, they can open the indicator menu.
Selecting Favorite Indicators: In the "Favorite Indicators" dropdown, users can see a list of all the indicators they have previously saved as favorites. They can select an indicator from this list, and it will be added to the chart with their preferred settings.
Efficiency and Convenience: This feature streamlines the process of adding frequently used indicators, saving time and ensuring consistency in analysis.
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Chart Template
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Saving Custom Chart Templates: Users can customize and configure chart settings, including indicators, colors, drawings, and other preferences, to create a specific chart layout that suits their analysis needs.
Saving Templates: Once a chart is customized to their liking, users can save it as a chart template. They can give the template a name for easy identification.
Favorite or Default Template: Users have the option to set one of their saved templates as their "Favorite" or "Default" template. This template will automatically load whenever they open a new chart or switch to a different instrument.
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Accessing Saved Templates: Users can access their saved chart templates from a list or menu. They can select a template from this list to apply it to the current chart.
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Managing Templates: Users can also manage their saved templates by renaming, editing, or deleting them as needed. This ensures they have the flexibility to adapt their templates over time.
Efficiency and Consistency: The "Default Template" feature enhances efficiency by automatically applying users' preferred chart settings when they open a new chart. It ensures consistency in their analysis process.
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Chart Setting
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Chart Settings Popup Window:
When a user clicks on the "Chart Settings" option, a popup window appears. This window contains different menu options to configure chart settings:
Basic Settings, Advanced Settings, Adjustment Settings, and other Settings
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Reload Data
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Data Refresh: When users click the "Reload Data" button, the platform sends a request to the data provider or server to fetch the latest available data for the selected instrument or chart.
Connection Issues: This feature is particularly useful in cases where there may have been a temporary loss of connection to the data source or when data didn't load completely due to a disruption.
Incomplete Data: If there was a connection issue or if data loading was interrupted, the chart may display gaps or missing data points. Reloading the data helps fill in these gaps and ensures that the chart displays a complete and up-to-date price history.
Chart Continuity: For traders and analysts, having continuous and accurate price data is essential for making informed decisions. Reloading data helps maintain the continuity of the chart and ensures that historical data is consistent with the current market conditions.
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Trade through chart
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Trade through chart is the menu for enable place order through chart
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User Guide
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User Guide
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Quick Settings
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Quick Settings
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