Charting Tools | Sway Funded Help Center

Charting tools encompass a wide array of features and functionalities available within trading platforms like Sway Charts and Liquid Charts. These tools empower traders to effectively analyze market data, conduct technical analysis, and make informed trading decisions. They include:

Technical Indicators: Tools such as moving averages, RSI, and MACD provide insights into market trends and momentum.
Drawing Tools: Features like trendlines, Fibonacci retracements, and shapes enable traders to mark key levels and patterns.
Analytical Elements: Tools like price patterns, volume bars, and various chart types assist in a deeper analysis of market movements.

Charting tools play a vital role in identifying trends, predicting potential price movements, and determining optimal entry and exit points for trades.

Key Features of Charting Tools:

Drawings: Facilitate trade management by allowing you to adjust lot sizes and set protective measures like Stop Loss (SL) and Take Profit (TP).
Aggregation Period: Lets you customize the chart's timeframe, such as switching between minutes, hours, or days.
Chart Type: Allows you to toggle between different visual styles, such as Candlesticks, Bars, or Lines.
Indicator Settings: Provides the ability to add and customize technical indicators to enhance your analysis.
Multichart Layout: Enables multiple chart views within the same window for comparative analysis.
Snapshot: Offers options to save or copy a chart image for sharing or record-keeping.
Chart Settings: Adjust various display and analytical preferences to suit your trading strategy.

Understanding Candle Price Data:

Each candlestick on the chart represents a specific time period and contains crucial information:

Open Price: The price at the start of the time frame.
Highest Price: The maximum price reached during the time frame.
Lowest Price: The minimum price reached during the time frame.
Close Price: The price at the end of the time frame.
Volume: The number of transactions during the time frame, reflecting market activity.