ChartsFAQ

Click the chart type icon in the top toolbar and pick one from the list. The chart redraws straight away. Your indicators and drawings don't disappear, so you can flip between, say, candles and Renko on the same stock without setting anything up again.

Candlesticks. Almost every trading course, book and YouTube video uses them, so learning them early pays off. If candles feel like too much at first, a line chart is fine for following the trend, but you'll want candles once you start timing entries.

Each candle covers one period, like 5 minutes or a day. The body runs from where price opened to where it closed: green if it closed higher, red if lower. The thin lines above and below, called wicks, show the highest and lowest prices traded in that period.

They show the same four prices: open, high, low and close. Candles fill in the space between open and close, so you can see up and down moves more easily. Bars use a single vertical line with a small tick on the left for the open and one on the right for the close.

Regular bars show the open, high, low and close. HLC bars leave out the open. Some traders prefer HLC because they only care about the range and the close, and dropping the open makes the chart a little cleaner.

Hollow candles add one more piece of information to a normal candle. If the body is hollow, price closed above where it opened. If it's filled, it closed below. The colour tells you something different: whether this close was higher or lower than the previous candle's close.

They're candles that get wider when more volume trades. A thin candle means a quiet period; a fat one means heavy buying or selling. It's a handy way to see volume without adding a separate volume panel below the chart.

A baseline chart is a line chart with a reference price drawn across it. Everything above that line is shaded one colour, everything below another. Set the baseline to yesterday's close and you'll know immediately whether a stock is up or down on the day.

Heikin Ashi is a candlestick chart that uses averaged prices. The averaging smooths out the back-and-forth, so trends show up as long runs of the same colour. One catch: the open and close on a Heikin Ashi candle aren't real traded prices, so don't use them to place orders.

It depends on what you're doing. Heikin Ashi is better for staying in a trend, because it filters out a lot of the small pullbacks that shake traders out. Regular candles are better for entries and stop-losses, because they show the prices that actually traded. Plenty of traders keep both open.

A Renko chart draws bricks instead of candles, and a new brick only appears once price moves a fixed amount. If Reliance has a 10-rupee box size and moves just 6 rupees all afternoon, nothing gets drawn. That's why Renko charts look so clean and trends are easy to follow.

The box size is how far price has to move before a new brick forms. You can set a fixed value or let ATR set it based on recent volatility. Smaller boxes show more detail but also more chop. Bigger boxes filter more and suit swing traders.

A Kagi chart is a single line that only changes direction when price reverses by a set amount. When price breaks a previous high, the line gets thicker; when it breaks a previous low, it gets thinner. Time doesn't matter on a Kagi chart, only price.

Line Break charts, often called three-line break charts, add a new box only when price closes above the last high or below the last low. To flip direction, price has to break the last three boxes. That keeps you from reacting to every small pullback.

Point and Figure charts use columns of X's when price rises and O's when it falls. A new mark is added only when price moves by a set amount, and time is ignored entirely. It's one of the oldest chart types around, and still a favourite for spotting breakouts.

Range Bars give each bar a fixed price range instead of a fixed time. When Bank Nifty is moving fast, you'll get lots of bars; when it's drifting sideways at lunch, you might get very few. Intraday traders like them because quiet periods stop cluttering the chart.

They're driven by price, not by the clock. A new brick or column only forms when price moves enough. So a slow hour might not add anything, while a sharp five minutes after a news event might add several in a row.

An Order Flow chart, also called a footprint chart, opens up each candle to show how much was bought and how much was sold at every price inside it. You see the delta, which is buy volume minus sell volume, and where the big trades actually happened.

Session Volume Profile is a sideways bar chart along the price axis showing how much traded at each price during the day's session. The longest bar is the point of control, the price where most business got done. Price often comes back to it, which is why traders watch it.

TPO stands for Time Price Opportunity, and you'll also hear it called market profile. Instead of volume, it shows how much time price spent at each level during a session. The prices where the market lingered longest usually tell you what traders thought was fair value that day.

Yes, all 22 support indicators and drawings. Just remember that on Heikin Ashi, Renko and the other price-based charts, indicators are calculated from those adjusted prices. If you need exact levels, like for a stop-loss, check them on a regular candle chart.

We'd advise against it. Both use prices that didn't actually trade, so a backtest can show fills that wouldn't have happened in a live market, and the results often look better than they really are. Test on normal candles first, then use Heikin Ashi or Renko for reading the trend.

Yes, all 22, including Order Flow, Session Volume Profile and TPO. On most other platforms those are part of a paid plan.