General settings — is a screen, where you can set up the most common behavior of the whole GoCharting platform.
It is logically grouped into several tabs:
The most settings are applied automatically, once you change them, but, in some cases, you will be prompted to confirm the changes apply; this action is required for complex settings, where the one change will influence a complex logic.
Choose chart background
Toggle symbol name in the form of watermark. Watermark can also be activated by right clicking on the chart and choosing Watermark in the context menu that appears
This feature allow you to set any image or wallpaper on your chart background in the form of Skins. GoCharting allows you to either choose one of the pre-defined skins from the dropdown menu or import a skin of your choice from your local computer
Setup the style of your chart crosshair
Toggle visibility and stylize the horizontal line on the chart linked to the current price level
Toggle visibility and stylize the vertical lines on the chart linked to start of every day.
Toggle visibility and stylize the horizontal and vertical grid lines on the chart.
Toggle and stylize vertical colored bands. Grid Shading can also be activated by right clicking on the chart and choosing Grid Shading in the context menu that appears
Axes Tab provides controls to customize the look and feel of your Axes including the Time Zone selection and setting up the Aspect Ratio.
This tab can be split into three major controls
In case you are trading in various markets that are in different time zones, you will find it useful to switch the time indicator to one of your favorite market times.
In Time zone settings group you can select what time zones are your favorite and should be displayed in a pop-up screen when you click the Time and on the chart. Once you select several items from this list, you will then be able to switch between them easily.
User can choose from any of the following options
This control can be activated from both the General Settings Dialogue Box or the Chart Lower Control Bar
Toggle visibility of the top and bottom axes
Axes properties such as ticks, font-size, padding etc. can be altered using below controls
Aspect Ratio is the ratio of the height and width of the zoom lens. Once locked, the zoom behaviour will show a different behaviour pattern. It can also be activated by right clicking on the main Price Axis (context menu)
The value defines what price change corresponds to the bar width. Here is the visual aid. The ratio is set to 2 in this example. There is a price change of 2 units for 1 bar.
This tab manages the styling of the Price and Time Axes Edge Coordinators.
In GoCharting parlance, an Edge Coordinator is textual annotation of price and time levels on the Axes.
Toggle the Bid/ Ask view on the price axes
Time-based GoCharting charts often countdown till the current real-time bar closes in any intraday timeframe during live market hours
Remaining controls in this tab are dedicated to font, color and other styles associated with the Edge Coordinators
This tab primarly focuses on styling the Chart Legend colors and Drawing Info Boxes
Chart Legend or the Tooltip in GoCharting parlance is the additional candle level commentary provided with every chart and indicator on the top right corner of the chart panels
An Info Box is a rectangular shaped box that appears when you use any of the existing Drawing Tools such as an Arrow. It shows coordinate of each of the vortex in a drawing tool such as the Price level, Time and Angle
Orderflow Tab comprises of the fundamental controls required for any Orderflow analysis.
Box Height = Tick Multiplier X Tick Size
For example, if the tick size of a symbol say Nifty 50 is 0.05 INR and we choose a tick multplier = 50, then the box height for all your Orderflow analysis is set at 2.5 INR
In the auto mode, the GoCharting algorithm uses a proprietary logic to determine the tick multplier which keeps changing as you pan the chart and load more data. Its main focus is to explain the basics of Orderflow for new beginners. Its main advantage is that it will auto adjust for every symbol and it will ensure you are able to view the cluster data conveniently.
However, if you are relying on this information to backtest and trade, we suggest you turn the Auto mode OFF and use a tick multplier of your choice as show below
We strongly suggest you use your own Tick Multplier and do not forget to turn OFF the auto mode when you are trading for more accurate resultsGoCharting developement team
We strongly suggest you use your own Tick Multplier and do not forget to turn OFF the auto mode when you are trading for more accurate results
When you are trading Futures on Orderflow, you may want to format the volume figures in terms of Lot Size. This control recalculates the data in terms of lot size
Trading Tab comprises of controls that help you customize your trading experience when you are either Paper Trading or connected to an exchange/broker for live trading
The Reset Paper Trader will wipe out all Papaer Trading data from the application
And finally the Reset Default button will reset all your settings to Default Factory Settings