Atani has a wide selection of chart styles that are readily available to you in the application. The idea is to offer you different ways of visualization. So, that you can exploit the capabilities and possibilities of each of them, as well as adapt the application to your experience and capabilities.
In that case, to change the styles or chart types it is as easy. Simply, going to the top left corner and selecting the “Chart style” menu. There you will see all the chart styles available in Atani, and switching between them is as easy as selecting the one you want.
About the chart styles or chart types available in Atani
Candles
Candlestick charts are the most popular chart style in the trading world. This type of chart clearly displays data such as the opening and closing prices of the market over a period of time. For this purpose, a graphical section known as the “body” is used. At the same time, the “wick” represents the highest or lowest points of the price during that period.
Another important point in this style of charting is that the time period of a candlestick can be very short (one minute) or as long as one month. In any case, this time value is completely customizable within the application.
In addition to this, there is the coloration of the candles. Candles that are rising are generally identified with a “green” color, where the lower part of the body represents the opening and the higher part the closing, within that time period. In case the candlestick is falling, it is identified with a “red” color, where the upper part of the body is the open and the lower part is the close of the price in the chosen time interval.
In Atani, this is the default chart style. And, the color palette is “green” for rising intervals, and “red” for falling intervals.
Hollow Candles
Hollow candles are a variation of candlesticks. In this style, we can see certain variations in the representation of the candlestick body, specifically “hollow candles”.
In hollow candles, in case the closing price of the asset is higher than the opening price, the candle of this interval is green (bullish candle). But, if the opening price is lower than the closing price, this candlestick is red (bearish candlestick). The use of “hollow candles” on the chart, only complements this system by adding a comparison marker between the current price and the previous day’s price.
In any case we have:
- Green filled candle. This candlestick indicates a closing price higher than the previous closing price but both lower than today’s opening price.
- Hollow green candlestick. This candlestick indicates a rise in price from the immediately preceding time interval.
- Hollow red candlestick. The closing price is lower than in the previous sessions, but both are higher than today’s opening price.
- Filled red candlestick. The closing price is lower than both the previous day’s opening price and today’s price.
Bars
Bars charts are similar to candlesticks, but with a more minimal profile. Instead of using a full body to indicate the opening and closing ranges, bar charts place the opening price to the left of the main column and the closing price to the right.
Heikin Ashi
This is a candlestick chart very similar to the traditional one we know. The main difference is the way these candles are read. In Heikin Ashi candlesticks, the closing price is the average of the current candle and the opening price is the midpoint of the previous candle. This system achieves a more natural visualization of trends, which makes them perfect for spotting trends and using them for trading.
Line
Line charts show a line representing the market price at regular intervals, with a colored area up and down extending to the highs and lows of the trade during each interval. These charts help you visualize overall price direction and volatility.
Area
This is a variation of the line chart, in which the area below the market price line of the asset is clearly shown. The intent of this chart is to make the price growth of an asset clearer by helping you better visualize the overall price direction and volatility.
Baseline
The baseline chart is a chart designed to identify trend periods. More than a trading chart, it is an informative chart that tells us if the market trend has been maintained above a reference that we can specify in the chart configuration menu.
In addition, in Atani you can also alter the visual settings of the charts in order to fully customize your experience with the application.
Did you like this content?
If you think this Atani post is interesting, share it!