Why Use Price Charts?
Charts illustrate current and past price activity. In TradeStation, you can plot price data for any symbol you choose so you can visually see up, down, or sideways movement in your price data. In addition to visually identifying price movement, you can apply various studies to your data to help identify the patterns and understand what they may indicate.
By analyzing the movement of trading patterns, you can better understand the markets you are trading. Using charts, you can:
- Gain an accurate picture of historical and current price activity.
- Evaluate a market's volatility.
- Identify possible market trends.
- Determine possible financial risk.
- Monitor unlimited markets at one time, either separately or on the same chart.
- Determine when you want to buy and sell within your chosen market.
To create a chart, you need to determine the symbol or symbols you want to plot, select the data interval for price or volume activity for that period, and choose the type of chart you want to create.