Multi-data charts can be a value tool for active traders looking to gain a decisive edge in the markets. Whether you’re comparing relative performance, analyzing correlations, or performing a multiple-timeframe analysis on a single chart, TradeStation’s multi-charts can help you make informed, data-driven decisions in real-time.Â
Multi-data charts provide a simple way to visualize and analyze the price action of multiple securities simultaneously on a single chart. This can help you to quickly identify market leaders and laggards, analyze the correlation between holdings to uncover opportunities and potential trend changes, compare relative performance on a percent-change scale, measure correlations, and even perform sophisticated multiple-timeframe analysis. With TradeStation, this can all be done within a highly intuitive and customizable interface.
By adding additional symbols to the original chart, each is labeled sequentially as “data 2”, “data 3”, and so on, allowing you to quickly compare their relative performance. TradeStation’s charting capabilities also enable dividing the chart into subgraphs, with the primary security’s price shown in subgraph 1 and up to 15 more subgraphs below, giving you a comprehensive view of the data. When displaying multiple securities on the same subgraph, using line charts rather than candlesticks can make it easier to read and interpret the price action, especially when analyzing shorter-term movements.
With the ability to layer multiple data sources on a single chart, TradeStation’s multi-data functionality provides a versatile and efficient way to monitor and compare securities, helping you make more informed trading decisions. Get to know the TradeStation platform in greater detail by exploring the our QuickStart series.
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