Now that you’ve correctly installed your TradeStation, it’s time to open your first TradeStation chart analysis.
Guide to open a TradeStation Chart Analysis
Click on Apps and choose TradeStation “Chart Analysis”.
The platform will open a TradeStation Chart Analysis window and you will only have to set the symbol.
If you already know the symbol you want to analyze, enter it in this box.
Otherwise, you will have to right-click on the graph and choose “Data” and then “Edit Symbol”.
The symbols will be the same that you can find in other platforms, so as a first attempt, you can insert the symbol you remember.
If the TradeStation does not recognize the symbol you have entered, then you can follow our guide to find your symbol.
So once you have identified the symbol that interests you, you can choose the timeframe you are interested in viewing.
In our example, we have chosen the SPY symbol; regarding the reference time frame, we can change many settings.
For example, if we do not want to display the last period on the graph, we can insert a Last Date by choosing the date we prefer. It may be useful to use this function because the market has changed drastically in the last period.
Then you can choose the time frame to use and how much time to go back. Remember that if you choose a very low timeframe and want to view many years, the TradeStation Chart Analysis window will have to download a lot of data.
This may take some time, depending on your line speed and the TradeStation server. As you can set an end date, you will also be able to set a start date.
It is essential to set the Time Zone correctly. The Time Zone refers to the time you will see on the graph. It can be the time of your computer or the time of the exchange.
Our advice is always to leave the Exchange time set.
Once we have set the Time Frame, we have to set the graph to be displayed.
You can choose the classic Japanese candlestick line chart, HOLC, but you can also find advanced graphs such as point and figure and Renko.