Forex charting software XTick

Available forex charts in XTick

Forex Charts

Forex charts

XTick supports different types of forex charts. You can use bar charts, japanese candlesticks, linear and dot charts. Also there are many "exotic" charts like Kagi, Renko, Point & Figure charts, Three-Line Breaks and Heikin-Ashi. The latest modern chart like Delta-Bars (Footprint charts) and PitBars are display buyer/seller information.

Bar chart

Bar chart

The most widespread way of indicating data for technical analysis in forex. Allows displaying Open, High, Low and Close prices for the time increment represented by the bar.

Japanese candlesticks

Japanese candlesticks chart

Another view of forex charts. Uses the same price data as a bar chart, with each candlestick representing the open, high, low and closing price. The thick part of the candlestick is known as the real body and represents the range between the open and closing prices.

Linear Chart

Linear Chart

Connects the close for each bar.

Dot Chart

Dot Chart

Paints a single dot at the close for each bar.

Kagi Chart

Kagi Chart

The Kagi chart is a chart used for tracking price movements and to make decisions on purchasing stock. It differs from traditional stock charts, such as the Candlestick chart by being mostly independent of time. This feature aids in producing a chart that reduces random noise.
Due to its effectiveness in showing a clear path of price movements, the Kagi chart is one of the various charts that investors use to make better decisions. The most important benefit of this chart is that it is independent of time and change of direction occurs only when a specific amount is reached.

Renko Chart

Renko Chart

Renko charts are price charts with rising and falling diagonal lines of boxes that are either filled or hollow. Renko charts are "time independent" charts that do not have constantly spaced time axes. Renko charts have a pre-determined "Brick Size" that is used to determine when new bricks are added to the chart. If prices move more than the Brick Size above the top (or below the bottom) of the last brick on the chart, a new brick is added in the next chart column. Hollow bricks are added if prices are rising. Black bricks are added if prices are falling. Only one type of brick can be added per time period. Bricks are always with their corners touching and no more than one brick may occupy each chart column.

Point & Figure Chart

Point and Figure Chart

Point & Figure charts consist of columns of X's and O's that represent filtered price movements. X-Columns represent rising prices and O-Columns represent falling prices. Each price box represents a specific value that price must reach to warrant an X or an O. Time is not a factor in P&F charting. These charts evolve as prices move. No movement in price means no change in the P&F chart. In classic 3-box reversal charts, column reversals are further filtered requiring a 3-box minimum to reverse the current column. The 3-box Reversal Method is the most popular P&F charting method.

Three Line Break Chart

Three Line Break Chart

Invented in Japan, Three Line Break charts ignore time and only change when prices move a certain amount. In this regard, these charts are quite similar to Point & Figure charts. Three Line Break charts show a series of vertical white and black lines. White lines represent rising prices, while black lines portray falling prices. Prices continue in the same direction until a reversal is warranted. A reversal occurs when the closing price exceeds the high or low of the prior two lines.

Heikin-Ashi Chart

Heikin-Ashi Chart

Heikin-Ashi Candlesticks are an offshoot from Japanese candlesticks. Heikin-Ashi Candlesticks use the open-close data from the prior period and the open-high-low-close data from the current period to create a combo candlestick. The resulting candlestick filters out some noise in an effort to better capture the trend. In Japanese, Heikin means "average" and "ashi" means "pace". Taken together, Heikin-Ashi represents the average-pace of prices. Heikin-Ashi Candlesticks are not used like normal candlesticks. Dozens of bullish or bearish reversal patterns consisting of 1-3 candlesticks are not to be found. Instead, these candlesticks can be used to identify trending periods, potential reversal points and classic technical analysis patterns.

Delta-Bar Chart (Footprint Charts)

Delta-Bar (Footprint) Chart

Delta-Bar is an individual price painted on the chart with a unique color that contains volume or some other market statistic - Footprint. Stacking DB together creates bars, similar to what any candlestick or bar chart would present. The primary difference, and thus advantage of the Delta-Bar chart, is it shows each individual price within a bar AND displays value added information such as volume at price, order flow, buy/sell pressure, and other valuable statistics so that you can react quicker and have much greater insight to what is happening.