«©2014 MotiveWave™ Software ©2014 MotiveWave™ Software Version 1.0.2 Page 1 of 190 MotiveWave™ User’s Guide Table of Contents 1 Introduction ...»
3.3 Chart Spacing There are several options for adjusting the horizontal and vertical spacing on the chart. The simplest way is to use the mouse to drag either the time axis (horizontal spacing) or the price axis (vertical spacing). Buttons are available on the chart to make fine adjustments to the spacing. Note: in order to adjust the vertical spacing, you need to click and drag the space between the price labels and the chart area (see below)
3.4 Bar Sizes Bar sizes are useful for changing the resolution of a chart based on time, price or volume movements.
MotiveWave™ supports several different types of bars:
1. Linear – time interval based bars (such as 1 minute, 15 minute, 1 day, 2 week etc)
2. Range – bars are based on price movements of a specific price range
3. Renko/Hybrid Renko – these are special price range based bars
4. Tick – these bars are based on a specific number of price ticks (or trades)
5. Volume – each of these bars will have a fixed trading volume
6. Point & Figure Note: Only linear bars are supported in the Analyst and Trade Editions There are several ways to change the bar size and type. Perhaps the most convenient way is to use the Bar Size Selector at the bottom of the chart. Alternatively, you can use the bar size drop down from the tool bar or right click on the chart and select the bar size from the context menu.
3.4.1 Custom Bar Sizes MotiveWave™ comes with a default set of bar sizes, but you can create your own bar sizes from the Preferences Dialog (Configure - Preferences from the Console menu bar). You can create second based bars provided you have access to historical tick data.
Custom Bar Sizes 3.4.2 Bar Size Selector The Bar Size Selector is a convenient way access common bar sizes by simply clicking on one of the tabs at the bottom of the chart. The Bar Size Selector is visible by default on all charts. If you would like to
hide this, choose View - Display - Bar Size Selector from the top menu bar to toggle its visibility. (Note:
the default behavior can modified in the Preferences Dialog, click on Chart the on Options, see Show Bar Size Selector option).
You can configure the tabs available in the Bar Size Selector by right clicking on one of the tabs and choosing Configure. You can put any type of bar size in the selector. For example you could have Range(3) or Constant Volume(500).
Configure Bar Size Selector The Bar Size Selector also has some buttons on the right hand side. These can be convenient for the
following (in order from left to right):
1. Toggle Birds Eye View – Toggles the display of the Birds Eye View
2. Edit the Bar Size Settings – Shows the Bar Settings panel of the Chart Settings Dialog
3. Display Time Frame – Choose a specific time frame to display on the chart (ie 2 week, 1 day etc)
4. Go To Date – Go to a specific date in history
5. Show Latest Data – Show the latest bars
3.5 Importing Data Note: This feature is not available in Analyst or Trade Editions Historical data may be imported into MotiveWave™ by choosing File - Import Data from the top menu
bar (File - Chart - Import Data from the Console menu bar). Two types of data formats are supported:
1. CSV – Comma Separated Values. This is a very common format for many historical data services.
The format of the data file will be automatically detected when specifying files of this type.
2. MetaStock™ Database – MetaStock™ Database files containing 1 or more instruments may be imported into MotiveWave’s historical database.
This dialog has the following elements:
1. Data Files – Specify one or more data files by clicking on the Add button to left of the Data Files list.
2. Time Zone – Choose the time zone for the input file. This is important for resolving the data/time values for each historical price bar in the input file.
3. Exchange – Optionally Choose the Exchange for the instrument(s) in the input file(s).
4. Trading Hours – If a value is chosen for Trading Hours, it will be assigned to the instrument when it is created from this dialog.
5. Adjust for Stock Splits – If the file does not contain split adjusted values, this will detect and adjust historical prices for splits.
6. Automatically Create Instrument (Do Not Prompt) – If the instrument does not already exist in the local database, it will be automatically created if this is checked.
7. Regular Trading Hours (RTH) Data (If Not Indicated) – Specifies that this is data for the regular trading session vs the extended session
8. Replace Existing Data – Replaces data that is already in the local historical database.
9. Monitor Input File For Changes – If checked, MotiveWave™ will monitor the timestamp on the input file to see if it changes in the future. If it does change, the new data will be automatically loaded into MotiveWave™ when a chart is loaded.
3.6 Exporting Data Note: This feature is not available in Analyst or Trade Editions Historical data may be exported from MotiveWave™ in several different formats. Choose File - Export Data from the top menu bar (File - Chart - Export Data from the Console menu bar). This dialog has
the following elements:
1. Symbol – Choose the instrument that you would like to export. By default this is the instrument from the chart where the dialog was launched.
2. Bar Size – Choose the Bar Size for the historical data
3. Bar Count – Number of Bars to Export. Choose All Available to export all available data in the historical database
4. Regular Trading Hours (RTH) Data – Check this to only include bars that are part of the regular trading session
5. Data File – Click on the Browse button to the right to choose the data file where the data will be saved.
6. Format – Choose the Export Format a. CSV – yyyyMMdd HHmmss,O,H,L,C,V b. CSV – dd/MM/yyyy HH:mm:ss,O,H,L,C,V c. Ninja Trader – Start Of Bar Time d. Ninja Trader – End Of Bar Time
3.7 Bird’s Eye View The Birds Eye View provides a convenient way to view the larger picture of the available historical data.
Choose View - Display - Bird’s Eye View from the top menu bar to toggle the display of this feature.
Display Bird’s Eye View The Bird’s Eye View is displayed at the bottom of the chart. The highlighted area (transparent yellow area) illustrates the data that is currently visible in the chart. You can click and drag this area to the left/right to move the visible area. The width of the highlighted area depends on the bar width for the chart. If you would like to change the width, click and drag the time axis.
Bird’s Eye View
3.8 Cursor Data Cursor Data refers to the data points and their values at the current position of the mouse cursor. There are several different ways to view cursor data.
3.8.1 Cursor Data Window The cursor data window is a separate window that displays data at the current mouse location. This window works across all charts. This window may be opened by choosing View - Display - Cursor Data Window from the top menu bar. For convenience this window is always displayed on top of other windows.
Open Cursor Data Window
3.8.2 Cursor Data Panel The Cursor Data Panel is essentially the same as the Cursor Data Window except that it is a pa nel inside of the chart. This panel only works for the enclosing chart. To open this panel, choose View - Cursor Data from the top menu bar.
Open Cursor Data Panel
3.8.3 Bar Status Data on the selected price bar can be found in the status bar at the bottom of the window. This reflects the price bar at the position of the mouse cursor.
3.8.5 Cross Hair The cross hair feature draws thin horizontal and vertical lines at the current mouse cursor location to indicate the vertical axis and time axis values.
18.104.22.168 Global Cross Hair The Global Cross Hair provides a convenient way to locate the mouse cursor position between several different charts that are displaying the same instrument. This option can be enabled in the Preferences dialog (see previous section). In the following screen shot you will notice that the current location of
For convenience, a button is available on the tool bar to toggle the display of this panel. Alternatively choose View - Display - Time & Sales Panel from the top menu bar.
3.10 Depth Of Market (DOM) Panel Note: This feature is not available in Analyst or Trade Editions
3.11 Chart Labels Chart labels display information on the Price Plot of the chart. These labels can appear in any of the 4
corners. The following example shows some chart labels:
3.12 News If supported by your Broker/Data Service, news articles specific to the instrument can be displayed on the chart by showing the News Headlines panel. Choose View - Display - News Headlines from the top menu bar.
News Headlines Panel If you click on a headline in the news headlines panel, it will display the news article in the internal news viewer by default. If you right click on the headline, you can optionally display the news article in your web browser.
3.13 Watermark The Watermark feature in MotiveWave™ enables you to display a semi-transparent label with the instrument’s symbol and/or description. You can also choose the location and font of this label. The watermark can be configured from the Chart Settings dialog, see Watermark tab.
The following screen shot shows the watermark description for Microsoft:
3.14 Scaling Several different scaling options are available for scaling the price/time range of the price plot. By default the chart price range is automatically scaled from the visible data and components (Auto Scale).
The following are the available scaling options:
1. Auto Scale – Price range is adjusted according to visible data and visible components (optionally, only the data range can be considered). This option will lock the vertical movement of the chart.
©2014 MotiveWave™ Software Version 1.0.2 Page 66 of 190 MotiveWave™ User’s Guide
2. Price Range – This option keeps the price range constant and enables you to manually move the graph up/down.
3. Square – This option will set a fixed number of points per bar width. If the bar width is expanded (or contracted) the price range will be updated to reflect.
Scaling options can be found under the Scaling tab of the Chart Settings dialog.
3.15 Analyses MotiveWave™ employs the concept of an Analysis to encapsulate the work that you have done in a
chart to analyze price movement. An analysis will contain the following types of information:
1. Components – any components that you have added to the chart including: trend lines, Elliott Waves, Gann components, Gartley patterns, commentary etc
2. Studies – Any studies that you have added to the chart
3. Time/Price Guides – These are guides that you have added to the horizontal or vertical axes.
It is important to understand that an analysis is a separate entity from a chart. A chart is a view or an analysis file. This is an important distinction and is fundamental to the underlying design of
MotiveWave™. While this concept may seem a little confusing at first, it has numerous advantages:
1. View in Multiple Time Frames – A single analysis can be viewed at multiple time frames simultaneously. You can have several open charts that reference the same analysis and edit them from each chart.
2. Alternate Analyses – Each instrument can have any number of analyses. The name of an analysis is scoped to the instrument so it does not have to be unique across symbols.
3. Saved in Repository – You can save an analysis and load it later after the chart has been closed
4. Share with other People – Analyses can be exported in XML format and shared with your friends.
You can also share analyses using the Analysis Sources feature.
The following diagram illustrates the relationship between charts and analyses. Each instrument may have multiple analyses which are saved in the local database (repository). When you open a chart, you are opening an analysis. MotiveWave™ allows you to open an analysis from more than one chart at the
3.15.1 Creating a New Analysis The default analysis for any instrument is called the Primary Analysis. Whenever you open a chart for the first time, it will open the Primary Analysis. The net effect of this behavior is that all changes between the open charts for that instrument will be synchronized between them.
If you do not want these changes to be synchronized, you can create one or more Alternate Analyses.
There are several ways to do this; perhaps the most convenient is to use the New Analysis button on the tool bar.
The following dialog will appear when you create a new analysis. Enter a name for the analysis. By default, analyses are named Alternate 1, Alternate 2 etc. You can however choose any name you like for the analysis. A new analysis may be empty (just price bars) or you can base an analysis on an existing analysis by choosing one from the Based On drop down.
New Analysis Dialog