Forex
Chart Data Display
Chart
Value Cursor
The value cursor function allows a forex trader 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 forex 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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