Charts
CandlePower 6 Pro 2 Charts
There are three major candlestick charts in CandlePower 6 Pro 2, the common normal chart, the relatively new Heikin-Ashi chart, and the
new XRAY chart, introduced with this release, that is a combination of the first two. All the charts shown below display plots of technical
indicator, price, and volume; and, technical indicator and candle signals. The following descriptions are common to all charting modes.
1> This is a normal chart that shows data for Google for the period 12/29/2008 to 4/8/2009 as shown at the top. The technical
indicator(NSI) is plotted at the top of the chart along with its buy and sell presignals that are indicated by green and red boxes,
respectively, directly above the indicator plot. These presignals are followed by the actual buy and sell signals shown by the up and down
arrows.
2> NSI values range from 0 to 100 where 50 is neutral. The "user-selectable" thresholds are set at 1 and 99 which means that all of the
component indicators are in their pre-sell area when NSI > 99 and pre-buy area when NSI < 1. To see the presignal/signal status of all the
component indicators place your mouse cursor on the chart. This is the chart that appears when you click "All" on the bottom line. Move
cursor off of chart to restore.
3> The candle pattern signal arrows are shown between the indicator and price plots on a line titled "Candles". The prices are shown in a
standard candlestick (CS) plot with the candle "body" determined by the Open and Close and the "shadows" (wicks) by the High and Low.
The candle color is green if Close>Open (Bullish) and red if Close<Open (Bearish). There are 106 patterns in the normal library and just 2
Heikin-Ashi (HA) patterns.
4> The price can be plotted in several different ways (see 6> below) and up to 7 moving averages can be overlaid on the plot. There are 2
windows that can be opened onto the chart screen, the Data window and the Perf Trading Performance window. Both are shown on the
above chart. Both windows show information relative to where the full-line cursor is positioned, in this case at the last period on the right.
The Data window includes the [record number] relative to the amount of records loaded, that date, prices, volume, candle pattern name (if
present), the indicator value, and color-coded values of any moving averages that are present. The Perf window shows and ranks how well
all of the indicators performed, including candle patterns as a group, based on simulated testing over the displayed time frame (or all loaded
data if that option is selected).
5> The date scale is positioned directly below the volume plot (with a 20-day moving average as indicated by the "Vma(20)" notation). The
date scale units are dependent on the number of periods displayed. All moving average values are user-selectable.
6> This line of buttons enables various functions including the Data window; LSF (2 Least Squares Fits: full screen and last 1/4 displayed
periods); Linear or Log price scaling; Previous, Next, or New symbol to chart; Compare 2 symbols; Heikin-Ashi charting; Weekly charts;
More or Less periods to plot; Back or Forward one screen at a time; CP CandlePower chart (width of candle is proportional to volume - a
North Systems concept); CS Candlestick chart; EQ Equivolume chart; Bar chart; Line chart.
7> This line of buttons lets you choose the following: Vol cycles Volume plots On/Off or Open INTerest (if available); selects NSI (the Insync
Index by North Systems) or any one of the following 10 component indicators (CCI...MACD); All for plotting signal status of all component
indicators (described in 2> above); BRK Breakout indicator; DM Directional Movement Indicator; Best automatically selects the indicator that
has the best Performance based on simulated trading as described briefly in 4> above.
Heikin-Ashi Charting
The above HA chart is based on the same data as the normal chart shown previously above. In addition to the obvious candle plot
characteristics (no gaps, Open=previous candle mid-point), the major differences are the result of using the modified HA data to calculate the
technical indicators. This is evident in the indicator plot and in the performance results shown in the Perf window when compared to those in
the normal chart. In this chart the HA performances are not quite as good than those listed in the normal chart (this is not always the case).
The other major difference is that only 2 HA candle patterns are used in this mode, HA Buy+ and HA Sell-.
XRAY Charting
The XRAY chart shown below is a composite chart made by superimposing the data from the normal chart (actual data) onto the
HA chart (modified data). The technical indicator is calculated using the HA modified data. The candle patterns consist of the normal 106
patterns and the two HA patterns. The XRAY chart lets you see and easily compare the normal and HA charts on a candle by
candle basis. Essentially all of the information from the two charts shown above is shown in just one chart. For each candle you can see the
position and extent of the actual data with the HA data. No need to switch back and forth between two charts! In some instances the type
of candle differs from the HA candle where one is bullish and the other bearish. There are also cases where the actual data completely cover
the HA data. This is easily identified here by moving the cursor on and off the chart below to replace it with the HA chart above. This
occurs when the difference between the HA Open and Close values are small.
There are three major candlestick charts in CandlePower 6 Pro 2, the common normal chart, the relatively new Heikin-Ashi chart, and the
new XRAY chart, introduced with this release, that is a combination of the first two. All the charts shown below display plots of technical
indicator, price, and volume; and, technical indicator and candle signals. The following descriptions are common to all charting modes.
1> This is a normal chart that shows data for Google for the period 12/29/2008 to 4/8/2009 as shown at the top. The technical
indicator(NSI) is plotted at the top of the chart along with its buy and sell presignals that are indicated by green and red boxes,
respectively, directly above the indicator plot. These presignals are followed by the actual buy and sell signals shown by the up and down
arrows.
2> NSI values range from 0 to 100 where 50 is neutral. The "user-selectable" thresholds are set at 1 and 99 which means that all of the
component indicators are in their pre-sell area when NSI > 99 and pre-buy area when NSI < 1. To see the presignal/signal status of all the
component indicators place your mouse cursor on the chart. This is the chart that appears when you click "All" on the bottom line. Move
cursor off of chart to restore.
3> The candle pattern signal arrows are shown between the indicator and price plots on a line titled "Candles". The prices are shown in a
standard candlestick (CS) plot with the candle "body" determined by the Open and Close and the "shadows" (wicks) by the High and Low.
The candle color is green if Close>Open (Bullish) and red if Close<Open (Bearish). There are 106 patterns in the normal library and just 2
Heikin-Ashi (HA) patterns.
4> The price can be plotted in several different ways (see 6> below) and up to 7 moving averages can be overlaid on the plot. There are 2
windows that can be opened onto the chart screen, the Data window and the Perf Trading Performance window. Both are shown on the
above chart. Both windows show information relative to where the full-line cursor is positioned, in this case at the last period on the right.
The Data window includes the [record number] relative to the amount of records loaded, that date, prices, volume, candle pattern name (if
present), the indicator value, and color-coded values of any moving averages that are present. The Perf window shows and ranks how well
all of the indicators performed, including candle patterns as a group, based on simulated testing over the displayed time frame (or all loaded
data if that option is selected).
5> The date scale is positioned directly below the volume plot (with a 20-day moving average as indicated by the "Vma(20)" notation). The
date scale units are dependent on the number of periods displayed. All moving average values are user-selectable.
6> This line of buttons enables various functions including the Data window; LSF (2 Least Squares Fits: full screen and last 1/4 displayed
periods); Linear or Log price scaling; Previous, Next, or New symbol to chart; Compare 2 symbols; Heikin-Ashi charting; Weekly charts;
More or Less periods to plot; Back or Forward one screen at a time; CP CandlePower chart (width of candle is proportional to volume - a
North Systems concept); CS Candlestick chart; EQ Equivolume chart; Bar chart; Line chart.
7> This line of buttons lets you choose the following: Vol cycles Volume plots On/Off or Open INTerest (if available); selects NSI (the Insync
Index by North Systems) or any one of the following 10 component indicators (CCI...MACD); All for plotting signal status of all component
indicators (described in 2> above); BRK Breakout indicator; DM Directional Movement Indicator; Best automatically selects the indicator that
has the best Performance based on simulated trading as described briefly in 4> above.
Heikin-Ashi Charting
The above HA chart is based on the same data as the normal chart shown previously above. In addition to the obvious candle plot
characteristics (no gaps, Open=previous candle mid-point), the major differences are the result of using the modified HA data to calculate the
technical indicators. This is evident in the indicator plot and in the performance results shown in the Perf window when compared to those in
the normal chart. In this chart the HA performances are not quite as good than those listed in the normal chart (this is not always the case).
The other major difference is that only 2 HA candle patterns are used in this mode, HA Buy+ and HA Sell-.
XRAY Charting
The XRAY chart shown below is a composite chart made by superimposing the data from the normal chart (actual data) onto the
HA chart (modified data). The technical indicator is calculated using the HA modified data. The candle patterns consist of the normal 106
patterns and the two HA patterns. The XRAY chart lets you see and easily compare the normal and HA charts on a candle by
candle basis. Essentially all of the information from the two charts shown above is shown in just one chart. For each candle you can see the
position and extent of the actual data with the HA data. No need to switch back and forth between two charts! In some instances the type
of candle differs from the HA candle where one is bullish and the other bearish. There are also cases where the actual data completely cover
the HA data. This is easily identified here by moving the cursor on and off the chart below to replace it with the HA chart above. This
occurs when the difference between the HA Open and Close values are small.
1>
2>
3>
4>
5>
6>
7>
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| CandlePower 6 Pro 2 The Complete Candlestick Program North Systems, Inc. |
Charts
Heikin-Ashi XRAY Charting
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