Online financial charting systems
The powerful charting system on Saxo Bank's online trading platforms allows traders to manipulate, analyse and compare historic prices for multiple instruments. The Chart module is used to track the price movements of a selected instrument. It contains a variety of charting types to suit the preferences and needs of different traders, and analysis tools to track and predict price movements.
Clients can benefit from the functionality and features of a professional charting subscription, delivered as standard, and enjoy unprecedented facilities for analysing historic price data for an instrument. A number of chart styles are available to suit needs and preferences when analysing historic price data.
Saxo Bank chart styles include: Bar, HLC Bar, OHLC, Bid/Ask, Candlestick, Dot, Forest, Line, Line-Dot, Staircase and Comparative.
Drag and Zoom charting
The Chart module contains zooming and scaling features to allow traders to re-size charts to highlight specific areas of information. Auto-resizing is also available for increased usability. The charting system allows quick movement around the price data for an instrument.
Users can:
- Drag the chart to see past data
- Drag the axes to scale or compress the chart
- Zoom in and out using the zoom tool
- Auto Scale fits data automatically to size of chart.
Analyse patterns and trends
Saxo Bank's charting system contains a number of tools to help traders analyse patterns and trends including:
- Multiple lines and annotations such as trend line, horizontal line, Fibonacci and pitchfork
- A variety of charting studies.
A number of annotations are available through the Chart module to draw supporting lines, shapes and add texts to charts and assist traders in analysing patterns.
Account integration
Saxo Bank clients can see related orders, including Limit (profit Target), Stop and Trailing stop, from their trading accounts on the relevant charts. The open orders can be Related Stop/Loss and Limit Profit Targets and can be changed and modified directly from the chart.
Technical studies
Various technical studies are available from the Charts module, including Bollinger Bands, Moving Average, Pivot Lines, Slow Stochastic and MACD. Some studies are equipped with dialogue boxes where the study's parameters and appearance of the analysis can be specified. A dialogue box will appear when a study is added.
Compare multiple instruments
Traders can display multiple instruments on the same axis for easy comparison, as well as dragging and setting the reference point to compare specific points in time.
This study allows the examination of the correlation between different financial instruments. When in comparative mode, the price axis displays the percentage correlation between the instruments' price values. It is possible to also set a particular point of time as the reference point. Once the reference point is set, the charted instruments are drawn as relative percentage offsets from that value.
Saxo Bank is continuously working to improve all its offerings and develop its platforms technically. To this end, the Bank has recently added new Chart features such as Clone and Group chart functionality.