Chart scaling determines how far apart the prices are on the scale to the right of the chart. To change the scaling of the chart choose Scaling from the Chart Templates menu at the top of the screen or click the red scaling value in the lower right corner of the chart. TeleChart gives you four chart scaling options as described below.
You can change scaling on the fly using the scaling options at the bottom of the price scale.
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A |
Arithmetic |
|
L |
Logarithmic |
|
T |
Tight |
|
M |
Medium |
|
L |
Loose |
Each price is a fixed distance from the next price on the scale. For example, each line may represent a 2.00 increase in price. The red number in the lower right corner of the chart represents the increment between prices on the scale.
Displays the price data on a logarithmic scale where the distance between each price on the scale is a fixed percentage. The percentage (shown in red at bottom of price scale) will vary depending on the volatility on the chart.
Note: Because log of a negative number does not exist, symbols or indicators with negative values, such as T2106 and T2118, will need to be set to an arithmetic scale.
Same as Logarithmic, except you set the percentage between each line. For example, if you enter 3 for the percentage, all charts will be displayed on a 3% log scale. Note: this may cause more volatile charts to run off of the top or bottom of the display.
Allows you to set a threshold for the scaling to automatically switch from arithmetic to logarithmic based on the time frame (days per bar) you have selected.
Custom by Time Frame
You can set custom scaling values for each time frame on the chart from Minute through Yearly. Click the Configure button next to Tight, Medium or Loose and you can customize the values in each profile to your liking.