OVERVIEW
To launch the charting tool, click on the ‘Charting’ tab (shown). Default is set to the USD/JPY daily chart. Users may configure and deploy multiple charts and toggle between them as desired.

For best viewing, expand the window to full screen by depressing the F11 function key on your keyboard or selecting View > Full Screen in the IE menu.

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TOOL BAR
The first three buttons on the right of the toolbar allow you to choose currency pair, interval, and chart type.

CURRENCY PAIR
A total of 9 currency pairs can be selected for viewing on the chart. Simply select the desired currency pair in the drop-down box:

INTERVALS
Available intervals include daily, weekly, and monthly charts, as well 6 intra-day charts (1 minute, 5 min, 10 min, 15 min, 30 min, hourly). To choose a specific time interval, simply select the time in the drop-down box as like the following:

CHART TYPES
There are a total of 6 different chart types to choose from: ProSticks, Candle, Bar, Line, Bar and Modal, and Modal Line. Simply select the chart type in the drop-down box:

• Technical Analysis Functions
The remaining buttons on the toolbar are technical analysis functions.

• Zoom function
To use the zoom function, select it on the toolbar and then click once on the chart then drag to select the area to be enlarged. Once the area has been selected, click once more to zoom.

• Text functions
The leftmost button of this set is used to input text. After selecting the button, click anywhere on the chart and a text box will appear for text input, similar to below. The middle button of this set erases the last text box created, while the button on the right will erase all text boxes.

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DISPLAY
A total of 9 currency pairs can be selected for viewing on the chart. Simply select the desired currency pair in the drop-down box:

• Value Cursor
The value cursor function allows the user to view the data associated with any point in time on the chart on the data display bar on the bottom. As the value cursor moves, the data on the data display bar will refresh automatically to reflect the current date’s data, similar to the example below. The current price of the value cursor’s center point is also displayed on the price scale on the right and will refresh automatically to reflect the current position’s price as the cursor moves.

Key to Data Figures:

MP = Modal Point - the red point in the bar; the price most heavily transacted for the current bar's time interval

MC = Modal Count - the total number of 5-minute intervals in a trading day the modal point has had at least one transaction (for daily charts)

AR = Active Range - the body of the bar; roughly 70% of the current time interval's transactions took place within this area; calculated by taking the first standard deviation (+/-) of the normal distribution from the midpoint (mean of all traded prices for the current time interval)

ET = Extreme Tails - price ranges that have minimal trading activity caused by strong resistance and/or support

Note that the bar will be colored if the closing price is below the opening price while the bar will be white if the closing price is above the opening price. If the price is unchanged, the bar will be white.

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STUDIES / INDICATORS

Indicator preferences
The second button on the action toolbar allows users to set preferences for each technical indicator. A pop-up box will appear. Each indicator has its own parameters and can be set by using the input boxes, as shown below.

The drop-down box in this menu will contain only the technical indicators that have already been set. Simply click on the Apply button to update the parameters’ settings.

DEFINITIONS ON AVAILABLE INDICATORS

• Simple Moving Average (SMA) - The average price of a given time period, (5, 10 min., daily, etc.) where each of the chosen periods carries the same weight for the average. Example: Day 1 close, USD/JPY 124.00 Day 2 close, 126.00 Day 3 close 125.00. The 4 day SMA is 125.00

• Exponential Moving Average (EMA) - Here, the averages are calculated with the recent data carrying more weight applying to the overall average. For example: In a 10 day moving average, the last 5-10 days will have more value than the first 5 with the idea this will provide stronger and earlier trend direction.

• Bollinger Bands - The basic interpretation of Bollinger Bands is that prices tend to stay within the upper- and lower-band. The distinctive characteristic of Bollinger Bands is that the spacing between the bands varies based on the volatility of the prices. During periods of extreme price changes (i.e., high volatility), the bands widen to become more forgiving. During periods of stagnant pricing (i.e., low volatility), the bands narrow to contain prices. The bands are plotted two standard deviations above and below a simple moving average. They indicate a "sell" when above the moving average and a "buy" when below it. The bands are used in conjunction with other analyses, including RSI, MACD, CCI, and Rate of Change.

• Parabolic SAR - The Parabolic SAR (stop-and-reversal) is a time/price trend following system used to set trailing price stops. The Parabolic SAR provides excellent exit points. You should close long positions when the price falls below the SAR and close short positions when the price rises above the SAR. If you are long (i.e., the price is above the SAR), the SAR will move up every day, regardless of the direction the price is moving. The amount the SAR moves up depends on the amount that prices move.

• Rate of Change - The oldest closing price divided into the most recent one.

• RSI (Relative Strength Index) - The RSI is a price-following oscillator that ranges between 0 and 100. A popular method of analyzing the RSI is to look for a divergence in which the currency price is making a new high, but the RSI is failing to surpass its previous high. This divergence is an indication of an impending reversal. When the RSI then turns down and falls below its most recent trough, it is said to have completed a "failure swing." The failure swing is considered a confirmation of the impending reversal.

• Stochastic - Stochastic studies are based on the premise that as prices rise, closing prices tend to be near the high value. Conversely, as prices fall, closing prices are near the low for the period. Stochastic studies are made of two lines, %D and %K, that move between a scale of 0 and 100. The %D line is the moving average over a specified period of time of the %K line. The %K line measures where the closing price is compared to the price range for a given number of periods.

• Momentum - Designed to measure the rate of price change, not the actual price level. Consists of the net difference between the current closing price and the oldest closing price from a predetermined period. The Momentum indicator can be used as either a trend-following oscillator similar to the MACD or as a leading indicator.

• MACD - Moving Average Convergence/Divergence - Consists of two exponential moving averages that are plotted against the zero line. The zero line represents the times the values of the two moving averages are identical. The MACD is calculated by subtracting a 26-day moving average of a currency's price from a 12-day moving average of its price. The result is an indicator that oscillates above and below zero. When the MACD is above zero, it means the 12-day moving average is higher than the 26-day moving average. This is bullish as it shows that current expectations (i.e., the 12-day moving average) are more bullish than previous expectations (i.e., the 26-day average). This implies a bullish, or upward, shift. When the MACD falls below zero, it means that the 12-day moving average is less than the 26-day moving average, implying a bearish shift.

• ADX Measures the strength of a prevailing trend and whether or not there is direction in a market. Plotted from zero on up, usually a reading above 25 can be considered directional.

• Williams %R - A momentum indicator that measures overbought/oversold levels. The interpretation of Williams' %R is very similar to that of the Stochastic Oscillator, except that %R is plotted upside-down and the Stochastic Oscillator has internal smoothing. Readings in the range of 80 to 100% indicate oversold, while readings in the 0 to 20% range suggest overbought.

• Volatility - Measures the overall volatility of a given market, time period.

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DRAWING TREND LINES

Drawing a Basic Trend Lines To plot a trend line onto the chart, first click once to set the starting point and then a black line will appear. Drag the line to the desired point and click once again to set the destination point. A red line will then appear between the starting and destination points, similar to the example below. A number will appear as well indicating the destination point’s price on the price scale. Only the price of the last trend line drawn will be shown.

Drawing Parallel Trend Lines The fourth button on the action toolbar yields the parallel trend line function. It can only be used if a trend line already exists on the chart. A black line, parallel to the last trend line drawn and of equal length, like the example below, will appear when the function is selected. It can be plotted anywhere on the chart. To plot the parallel line, simply click on the chart once at whichever position on the chart the user chooses. Once plotted, the line will turn red and the end price of the new line will be shown.

Erasing Trend Lines Use the toolbar buttons to erase trend lines. The first button (left) will erase the last trend line drawn, and the second button (right) will erase all trend lines drawn.

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FIBONACCI STUDIES

Fibonacci Retracements Are displayed by selecting two extreme points, for example, a trough and opposing peak. A series of three horizontal lines are drawn intersecting the trend line at the Fibonacci levels of 38.2%, 50%, 61.8%.

After a significant price move (either up or down), prices will often retrace a portion (if not all) of the original move. As prices retrace, support and resistance levels often occur at or near the Fibonacci Retracement levels.

To use this function, select a position for the first point and click on the chart once and then select another position for the second point and click on the chart again. Fibonacci Retracement figures will be shown on the chart underli

ned in green and as well as on the top left portion of the chart.

Fibonacci Projection Calculation needs a total of 3 points. The first two points are used to calculate the distance of the first move (shown in example below), while the third point is the starting position of the projection. The purpose of Fibonacci Projections is to estimate where the current move may end. The following is an example of the result of selecting 3 points on the chart, clicking one after the other, with the last being the start of the projection. Fibonacci projection figures of 61.8 %, 100% and 161.8% (as a percent of the first move) will be shown on the chart underlined in blue, as well as on the top left portion of the chart. (Some of the lines may not be visible because they will be off the scale.)

Erasing Fibonacci functions The next button (ninth) is used to erase one or both of the Fibonacci functions from the chart.

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CREATING MULTIPLE CHARTS
The last button on the right of the toolbar is the new window function. This function creates a new chart in a new window to maximize the chart size.

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