Kagi Chart Part of PowerCharts XT
A Kagi chart uses a series of vertical lines to illustrate the rise and fall in the supply and demand of certain assets. It is independent of time and change of direction occurs only when a specific amount is reached. The chart is visualized as a series of vertical thick and thin lines. Thick lines are drawn when the price of the underlying asset breaks above the previous high price and is interpreted as an increase in demand for the asset. Thin lines are used to represent increased stock when the price falls below the previous low. This chart can be used to show the rise and fall in the buying and selling of a company's shares.
Best Practices :
- When showing day trading with a Kagi chart, set the precision on the chart to 1 tick intervals.