Here you will learn about the basic chart settings in Quantower. To access this menu, right-click on the chart and select 'Settings' in the menu.
There are two ways to open the Chart Settings:
1) Click on the 'Menu' button in the top left corner and select the 'Settings' option.
Open Chart Settings via main menu button
2) Right-click on the chart and select the 'Settings' option.
Open Chart Settings via context menu
The General view of the Chart Settings menu has several sections. Let's take a closer look at them:
General View of Chart Settings
- Custom title. You can rename your chart panel as desired.
- Use custom tick size This is probably one of the most important settings in the chart. It is commonly used for cluster charts. In highly volatile instruments such as BTC or NQ futures, there may be gaps in the volumes on each cluster level. The clusters can be vertically compressed to display information better, and the compression ratio must be specified in this menu item. Below you can see a bitcoin chart with a compression of $10.
- Time Zone. These are the time zone settings for the chart
- Mouse wheel action. This defines the action that occurs when the user rotates the mouse wheel.
- Mouse wheel + CTRL action.
- Mouse wheel + SHIFT action. For all Mouse wheel actions, there are four options available: Scroll, Zoom of the Chart Area, Zoom to Cursor, and Price scale Zoom.
- Drawings default availability. If you choose 'All Charts with the Same Symbol,' all drawings will be applied to other charts with the same asset (ticker). This also allows you to change the color settings of the drawings on all charts at the same time.
- Window colors. Settings for the background color on the chart.
- The Abbreviation Rules option gives you the ability to simplify the values of trading sizes for easier readability. There are 3 options for Format Mode: Default: This option displays values as is, without any abbreviation or rounding. Round to: This option rounds values after the decimal point to the specified number of decimal places.Abbreviate: This option abbreviates values to the shortest form, such as "K" for thousands, "M" for millions, etc.
- Crosshair. These are settings of the cursor and its visibility on charts with one symbol (asset).
- Grid. Settings for the grid lines on the chart (horizontal and vertical grid).
- Time to next bar. These are settings for displaying time to the next bar and changing its color.
- Additional. It is used to enable/disable toolbars and misc data on a chart.
This tab controls the visual settings of the chart data. Here you can change the Chart Style (e.g., Candles, Bars, Area, Line) and set colors for the Up & Down Bars. Try to create an attractive interface that is easy on your eyes.
Chart data style and its settings
Use this tab to adjust the time scale. You can select the font size and color, as well as the background color for the timeline. You can also control the vertical period separators, such as Daily, Weekly, Monthly, and Yearly, and display them in different colors as desired.
These settings allow you to customize the price scale. There are three important points here, let's examine each one:
- Scale type. This allows you to choose which type of scale will be displayed on the chart, such as a normal display, percentage display, or logarithmic scale.
- Zoom. Here you can adjust the vertical scaling of the chart.
Price Scaling on the chart panel
- Highlight prices. Adjusts the color and font of the current price on the chart. Gives the opportunity to highlight the minimums and maximums of the previous day and limits on the instrument
This tab allows you to include settings to display the current position on the chart and display already completed trades.
Show positions. This option allows you to enable or disable the display of current positions on the chart.
The Pnl type allows you to choose the display of profit/loss on an open position in ticks or currency.
The Pnl type allows you to choose to display the position in currency only for those connections where this option exists.
Show orders. The option allows you to enable or disable the display of work orders on the chart.
Trade through Order entry panel. If this option is enabled, mouse trade mode will be disabled, and when the mouse clicks on the chart, the associated order entry panel for this quote will automatically open. The mouse trade mode is the same as : clicking the right mouse button will open a panel for entering a limit order for a "Sell" deal at the marked price on the chart; click the left mouse button to open the panel for entering a limit order for a "Buy" deal at the marked price on the chart;
These are the settings of the order entry panel. The most interesting thing here is that you can set the standard number of entry orders which correspond to your risks. This is very convenient for manual trading.
Mouse trading mode. There are two modes available to choose from:
single order. Once the order is set, the mouse trading mode is automatically disabled.
multiple orders. Mouse trading mode will be active until it is deactivated.
This settings tab is for displaying values in the upper left corner. You can choose which data to display for yourself. You can also adjust the font size for this information.
Select the desired data for the Info window
Info Window on the chart
This tab is used to adjust the volume histogram at the bottom of the chart. You can choose the colors for the histogram that you prefer. You can also select a color scheme for coloring the chart, adjusting the color of the volume histogram based on the direction of the price bar, or changing the color depending on whether the volume is higher or lower at the moment.
This tab is for configuring your keyboard shortcuts. Here, you can configure functions like changing the volume with one button, drawing levels or trend channels, canceling orders, and many other useful functions. In general, you can assign almost any action to your preferred key combination.