Review of functions and advantages of charts in the ATAS platform
We will speak about charts in the second article of the ‘Gettings acquainted with ATAS’ series. Most probably, charts are available in every exchange trading platform (you cannot trade without them nowadays), but ATAS has a number of very interesting and unique charts.
Similarly to other articles of the series, this material consists of 2 parts:
- video review;
- text description with screenshots and links to valuable practical materials on working with charts.
Part 1. Video review
Vladislav Shevchenko, a trader, demonstrates in this video the powerful arsenal of the ATAS functionality for working with charts.
Part 2. Text description
Information in the text part of the article correlates with the video content. The choice is yours:
- whether to use the text part in order to master the platform functionality better,
- or go to the next article with video – ‘Getting acquainted with ATAS. Working with cluster charts’.
Content of the text part:
- How to open a chart in the ATAS platform.
- The Chart module menu.
- Choosing and setting up the chart period and type.
- Drawing objects.
- Calling up trading indicators and functions and setting up templates.
- Scale changing.
- Linking to the Tape.
- Screenshots, cloning and layouts.
- Menu review with the chart settings.
There is a form for comments below the article. If you have questions – ask them. We will be glad to help.
How to open the chart
It is very simple:
- Press the Chart (1) button in the main window.
- It opens the instrument manager, which has two tabs: Favorites (2) and All instruments (3).
By default, the Favorites tab is active in the instrument manager so that a user could open the chart of interest as quickly as possible. However, it is empty in the beginning, since the Favorites list is composed individually and manually. Let’s see how you can do it.
Open the All instruments tab. You can look for the required instrument (4) by its name or ticker. Also, all instruments (5) are split by markets:
- American and European futures, including currency futures (analogues of the Forex currency pairs).
- There are stock exchanges: NYSE, NASDAQ and AMEX. The list of instruments from these exchanges is not complete. It will be expanded later.
- Then go the Russian currency, futures and stock markets.
- There are more than ten crypto-exchanges.
- A list of European stocks is at the end. It has been added comparatively recently.
For example, you are interested in the oil forward market on American exchanges. You open US futures > Energy Products > Light Sweet Crude. The oil futures market, which functions on NYMEX, is available here under the CL ticker.
In order to add the instruments into Favorites, you need to press the star (1) in the list near the required contract. Most probably, it will be Continuous (2) – it is always on top (ticker CL in our case).
There is also a possibility to load individual contracts (3) with a certain term of expiration (CLX2, CLV2, CLU2, etc.). What is the difference?
Futures are traded by contracts, which have the expiration date. Some instruments expire every 3 months, some – every 2 months. In other words, every contract has a specific date, on which all open trades will be compulsorily closed by the exchange. After that, traders start to trade the contract, which has the next expiration date.
After you load a specific contract, you will see the data of this contract only. For example, the right chart shows the course of trading the futures with the date of expiration in the fall of 2021, as yet a very non-liquid market.
If you need lengthy instrument history (say, half a year), you need to load the Continuous contract (see example in the left chart). This contract represents ‘gluing’ of all liquid contracts. The contract is changed automatically when the aggregate trade volume of the next contract exceeds the aggregate volume of the current contract. There will be a change in the Continuous on the next day after this event.
Chart settings and menu
The Chart module opens after you have selected an instrument in the manager and pressed OK. By default, it is the M5 candlestick chart with the TPO and Profile indicator in the left part.
The chart module is set up through the concise menu in the upper bar (1).
However, if you expand the chart horizontally before switching to the cluster display mode, one more menu with cluster settings will appear at the left edge (2). We will speak about cluster charts in the next (third) article of the ‘Getting acquainted with ATAS’ series. Meanwhile, we will go through the upper bar menu from left to right.
Open the instrument manager clicking the contract@exchange ticker (3).
Then goes the period setting (4). Let’s analyse this important item in detail.
Having opened the period setting, you will see the list (1) of available time-frames and other frames (for example, Delta, Volume, Range, Renko and so on). Some of them are unique. You need to play around with them.
There are values to the right from each frame type (2). They are created by default.
Go to the frame configuration window (3), where you can create your own unique period.
Below, you can change the End date (4), after which the most recent date, loaded to the chart, will correspond with this date.
You can also set the number of historical days (5), but you should remember that only 7 historical days are available in the demo mode. It is a soft restriction, since it gives you a possibility to study the historical data week by week changing the end date.
Chart display types
ATAS can build charts of six types (modes):
- Regular bar chart.
- Regular Japanese candles.
- Transparent candles.
- Classical line chart.
- Footprints (switching to the cluster mode).
- Also you can hide candles completely. This function could be useful when working with the TPO indicator, that is classical Market Profile. We will consider it in the indicator review material.
Meanwhile, we should note that each chart mode has a set for customization by colour, line thickness and other display parameters.
Having opened the drawing menu, you will see a wide arsenal for the chart layout. It includes various lines, areas, channels, shapes and text marks.
We want to specify such useful objects as:
- Ruler (1) for measuring statistical information in any chart section.
- Arbitrary profile (2), which could be built and set up (3) for any area in the chart.
- Fixed volume profile (4), which you can conveniently place beside the chart.
Many objects have hot keys and standard key combinations could be assigned to them.
Advice. If you highlight the profile and press Ctrl, you can drag it and clone as well as other drawing objects.
Indicators, templates and trading functions
The next menu item is the indicator manager (1). It helps to add indicators to the chart, set them up and remove from the chart. There are more than 70 indicators in total and their number constantly grows. We will speak about indicators in more detail in one of the next articles.
Then go chart strategies (2). This item was developed for further extension. Trading strategies, created by you, and their settings will be placed here.
Crosshair selection (3) goes next. For example, if you select Global Crosshair, you will be able to synchronize mouse movements in various charts.
The next menu item is Templates. Template settings are presented as a tab in the Chart Settings window. You have a possibility to save and load templates and snapshots. What is the difference between formats?
- A template simply saves indicators and colour settings.
- Snapshots are templates with an expanded set of elements in the chart; drawing objects, period settings and other details are saved in them.
Templates and snapshots could be exported / imported from one computer to another in the form of files.
The next is Chart Trader (5). It opens in the right section of the menu and is required for trading – opening and closing trades and orders, account managing, etc. We will speak about ATAS capabilities of executing trades in a separate article.
The next is Scale. This function allows contracting price levels and trade data.
Let’s assume that you expanded the chart and switched from candles to clusters, but do not see levels. Then you need to expand the chart vertically, dragging the price grid. This happens on volatile instruments or big time-frames, for example, daily or longer ones. The Scale function will be useful in such cases.
By default, 1 tick on oil equals 1 cent. If we set Scale = 10, 1 tick will equal 10 cents in the chart and all volumes / deltas / trades will be summed up within these 10 cents.
Select the scale, which is most suitable for you. This function is very useful on volatile instruments or big time-frames.
For example, there are many instruments with big volatility on the Moscow Exchange or crypto-exchanges and scaling allows simplifying profile or cluster analysis. The profile will not be such ‘microscopic and torn’ as with the 1:1 scale.
Menu for interacting with the Tape
The next is the menu (1) with quick access to the Smart Tape or Bid/Ask Tape.
The Smart Tape (2) shows exchange trades, which are highlighted red and green by means of the ATAS algorithms. Aggressive sell orders are marked red, while aggressive buy orders are marked green. Another name of the Tape is Time & Sales.
If you open the Tape module, ATAS will immediately load data of that instrument in it, which is active in the chart. You will see simultaneous refreshment of the tape and chart in real time.
There is also the Historical Mode for studying significant moments in detail.
For example, you want to study this (3) upward reversal in the oil market. You open the Tape and select the Historical Mode (4). ATAS activates the violet vertical highlight area (5). You highlight a required chart area with a mouse and ATAS shows you in the Tape what took place there at those moments. For example, in our case, there was a series of sells on the reversal and the price moved up after an unusually big trade of selling 45 contracts (6).
Press ESC to remove the highlight. Now you can highlight another area in the chart.
We should note that you can use filters while studying the Tape this way. For example, if you want to study trades only of a certain volume in the Smart Tape, you need to:
- go to the Smart Tape settings,
- select the Filters tab,
- specify the minimum and maximum sizes in the cumulative trade field,
- select an area in the chart again and the Smart Tape will show trades, which were filtered by your criteria.
Screenshots and clones
The next is a quick chart screenshot (1) and its automatic upload to the Gyazo file sharing service. A snapshot opens in your browser immediately with a link. You can copy the link, save it or share with anyone.
The next item is window cloning (2). You press it and a complete clone is created.
You can combine charts and modules in one space with the help of the navigator.
It appears when you grab and drag the module window. Select the place in the navigator, where you want to place the chart, and ATAS will combine it with other modules in one window. This is how it works:
It is like a construction set. You can drag elements within the common space, contract or add them to another place using the navigator panel.
If you have chart sets but lack monitors or free space, you can switch between layers and various chart groups.
You can go to the layout settings:
- clicking the icon in the upper menu (1);
- from the main ATAS window, selecting the Layouts item in the settings menu.
The layout window (2) opens. The Settings tab is for setting up layouts while the Panel tab is the ‘switch’ between layers, which could be built into the working space.
Advice. You can use the Windows task panel (5) to switch between layouts.
Useful link: Knowledge Base: Setting up layouts.
There are two variants to set up charts:
- Context menu.
- Main settings window.
Let’s consider the first variant.
Press the right mouse button to call up the context menu. You can do the following in this menu:
- post pending orders (1) at the price, selected in the chart;
- open the indicator window (2);
- change the candle and crosshair mode (3);
- use drawing objects (4);
- create a new linked window (5);
- open the chart templates or settings (6) and call up the common settings window;
- refresh the chart and load historical data (7).
Let’s assume you lost Internet connection and haven’t received online quotations for some time. You press ‘Reload all historical data’ and all candles with the trades, executed in them, will be loaded from the servers.
Let’s go to the window of the chart common settings.
There are four tabs in it:
- Visual settings.
- Cluster settings.
- Trade operation settings.
- Template settings.
We discussed templates above and will speak about trading and clusters in separate articles. We will speak about visual settings now.
The following options are available:
- change the background colour (1). For example, set the black background for the chart;
- set up display of the grid (2), colours and fonts on axes (3);
- set the desired colours and boundaries of candles (4) and bars (5) and line chart parameters (6);
- set the trading session beginning and end parameters (7).
The Other settings go in the end. There is an important parameter here – Auto transform candles to clusters (8), which is checked by default. What does it influence on? Clusters appear when you expand candles. If it is not convenient for your style, uncheck this item and candles will not appear when you contract or expand the chart – there will be cluster charts.
Advice. Tips, which appear when you select respective settings, will be useful for the ATAS platform beginner users.
Results of the second article of the ‘Getting acquainted with ATAS’ series
You have just got acquainted with the main functions of working with the chart module in the ATAS platform.
The module is developed in order to combine:
- the maximum number of useful functions for analysis and trading;
- set up flexibility for comfortable everyday work.
We recommend you to download the ATAS demo version, in order to solidify the obtained knowledge and feel the power and flexibility of the platform by yourself.