Charting systems in trading platforms are used to provide traders with a graphical representation of the market data for a particular asset. They typically include features such as trendlines, indicators, oscillators, and drawing tools that allow traders to analyze price movements, and spot patterns, and identify trading opportunities. Charting systems also allow traders to customize the display of the data to suit their individual needs, such as changing the chart type, setting the time frame, or adding additional indicators or overlay studies. Additionally, charting systems typically provide access to historical data, allowing traders to conduct a back-testing and technical analysis to identify potential trading opportunities.
In trading platforms, charting systems are usually integrated into the trading platform’s user interface. This allows traders to quickly and easily access the charting system directly from the trading platform and view the data in a variety of different chart types. Typical chart types include bar charts, candlestick charts, line charts, and Renko charts. The charting system also allows traders to customize the display of the data by changing the time frame or adding additional studies or indicators.