View Full Version : Charting Wish list
01-24-2006, 01:17 PM
Some charting features I hope one day will be added, (to an otherwise great charting program):
1. Fibonacci retracements
2. Gann Fans
3. Price range projections
4. Time range projections
5. Bid and ask volume market depth indicator
<With raised glass> Here's hoping!
01-24-2006, 03:27 PM
Thanks for suggestions and compliments!
02-07-2006, 09:34 AM
I think this wish list is great. Is there a commitment to it?
02-07-2006, 09:58 AM
Its on our list for future consideration.
02-07-2006, 10:04 AM
how about starting with Fibs and Price Projections, both adjustable in terms of percentages/levels and in terms of line colors/line widths?
02-07-2006, 10:09 AM
I am also interested in the idea of chart based entry and exit functionality. I am not sure how it would be achieved, given all the button click options that are set in the strategy manager before the trade is taken...what system do other vendors use, if at all?
03-29-2006, 09:55 PM
Update to Charting Wish list...
We have bars and candles. How about adding in Gann swings? No need for them to show trendlines, averages, drawing tools etc, just time price, and swings.
Thanks for putting in the Fibs. Can we have the option to switch off both the percentage text, and the price level text, separately, as well? All those numbers make it kind of cluttered, and one can tell the percentages just by looking at the colour...because we can edit the colours to whatever percentage we like...a bit of redundancy there I think.
and why does it put a zero at the end of my post when I edit...I keep deleting it, and it comes back...?
03-29-2006, 11:09 PM
I have no clue about the "00". Thanks for suggestion and will put on list for future consideration.
10-10-2007, 08:48 PM
Sorry to resurrect such an old thread, but topic is same so I thought I'd continue it.
I see with V6 you acted on my suggestion regarding adding of Gann fans to charting. I thank you very much for this.
Now that v6.5 is coming up, I wonder whether you could create one of my other suggestions, an indicator to plot Gann Swings?
thanks in advance
10-10-2007, 09:00 PM
This will not make it in 6.5 however, it is on our list for future consideration.
10-10-2007, 09:04 PM
Thanks Ray...if you need any help in how the thing should function ie. not scripting, but what its supposed to indicate, and its parameters etc., let me know. Swings are awesome.
11-04-2010, 10:51 AM
Sorry to resurrect an old thread, but its relevent so rather than start a whole new thread, I thought it best to continue with this one.
Regarding the Fibonacci Retracements, I am happy that you included them in later versions of NT. However, I think the way it has been implemented doesn't really make it as useful as it could be, so I have some suggestions for modification.
As we know, Fibonaccir Retracements refers to the amount at which a movement between two extremes in price will "retrace", that is move in one direction, turn, and move back. The amount of retracement is measured as a percentage of the range of the two extremes, the high and the low.
The Fibonnaci aspect is the amount of retracement according to relationships between the percentages when matched with the numbers of the Fibonacci sequence. For this suggestion here, this is not relevant, so I won't dwell on this.
What I perceive the problem to be is the way the tool plots the lines. The usefulness of the FR tool is to show potential future changes in price based upon a previous high and low.
Lets look at an example of a chart with a high and a low, and various retracing movements.
At the moment, when you plot the high and low points with the intial click (at 1) and the second click to establish the range (at 2), the actual FR lines are overlayed on the existing price action, and do not extend beyond the last extreme point. Assuming we are plotting a FR several ticks after the low (at 2)
The 3 blue circles are the areas of interest, so we would need the retracement lines to extend, not over the high and low charted area which has happened already, but into the future (from 2 onwards).
The retracements that we would be interested in would all be happening after 2, as I show in a photoshop image I created here:
The blue line is plotted by clicking first at (1) and then (2). This then creates the retracement lines off to the right, into the future and into the area we would be interested in when projecting potential turning points.
Now I realise you can extend the lines to the righ in the Fibonacci properties box, but this extends the lines infinitely, and are not ideal, becuase a retracement would only last a limited time, and/or until price movement broke beyond the percentages of the initial FR overlay.
And at present, there does not seem to be an option to manually extend the length to the right, of the percentage lines. How about an option to enter the number of pixels across for the lines to extend.
I think we need the option to change how long the percentage lines can be, as you could have quite a number of retracemenents plotted on your chart, and having them extend right across infinitely would just get too cluttered...
11-04-2010, 11:09 AM
Thank you for your post, and thank you for the thorough and detailed suggestion.
As you note the only method for extending the lines would make the lines at those levels visible at those levelsgoing forward if you were to extend them to right.
Presently there is a setting in the Chart Trader properties that enables you set the length of the orders that are showing on the chart, and I have forwarded to development for inclusion on the list of possible future enhancements a similar feature with the fibonacci retracements where the length can be specified manually rather than based purely on an extension left or right, or on the line that was drawn.
11-04-2010, 08:15 PM
sounds good Ryan.