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Charts

Lightspeed Trader Charts: The Lightspeed Trader Charts are described in depth in this memo. Users will find the charts to be easy to use, completely customizable, and more performant.

Chart Window

Changing the Chart Parameters

The new charts allow users to create time frame "buttons". These buttons are used to quickly switch between pre-defined time frames and chart settings and are displayed at the bottom of your chart window.

There are several ways to change the Chart Parameters you are looking at:

1- Buttons at the bottom of the chart,

2- Right-clicking and selecting Chart Parameters,

3) Using your mouse wheel to Scroll backward/forward through time.

1) Selecting Chart Parameters

There are several ways to change the Chart Parameters you are looking at: 1) Buttons at the bottom of the chart, 2) Right-clicking and selecting Chart Parameters, 3) Using your mouse wheel to Scroll backward/forward through time.

2) Using and Editing the Buttons

Button Creation Step-by-Step Process:

1.

  1. Select Parameters: Choose your desired timeframe settings in the
  2. Chart Parameters window.

2.

  1. Name Your Button: Enter a descriptive name for easy identification.

3.

Click Add: Save the button configuration to make it available.

4.

Test Button: Verify the button works as expected.


Button Modification Procedures:

Select Existing Button: Click on the button you want to modify.

Modify Parameters: Adjust the settings as needed.

Add Sequence: You must select "Add" again to save changes

Alternative Method: Retype the name of the button and then select “Add”.

Importan: Click "Add" before selecting another button, or your changes will be lost.

Keyboard Mapping for Chart Buttons:

"Chart Button Next": Map from Non-Trading Function keys on the Keyboard Tab

"Chart Button Previous": Map from Non-Trading Function keys on the Keyboard Tab

Cycle Through: Use mapped keys to cycle through pre-defined Chart Parameters

Efficiency: Provides quick navigation without mouse interaction

3) Zooming /Changing Timeframes with your Mouse wheel

When using your mouse to change time frames, it will scroll back in the period you are currently viewing. For instance, if you are looking at a Daily Chart the mouse wheel will scroll back Days, and if you are looking at a Weekly chart you will scroll back in weeks. When viewing an Intraday Chart you can scroll back in Bars if you have selected to view a # of Bars back or you will scroll back in Days back respectively.


Note: If you want to modify an existing button you must first select the button, then modify the parameters, and then select Add again. Or, you must select your parameters, retype the name of the button and then select Add. Once you click on an existing button without selecting Add, your changes will be lost.

Chart Style Part 1: 

Customizing the Colors:

1.

Change the background color of the chart.

2.

Change the foreground color of the chart (gridlines and axis lines).

3.

Change the text color.

4.

Change the up/down text color (the colored axis, the net change, executions). Note: This does not change the color of your candles or bars, which is changed in the "Studies" Tab.

Font Modification:

5.

  1. Modify the Font of the Symbol: Customize the symbol display in the top left corner of your chart.


  • - Font type, size, and style options available.
  • - Affects symbol identification and readability.

6.

Modify the Font of the Level 1 Information: Customize Level 1 data and button fonts.


- Controls price, volume, and other Level 1 data display.

- Affects button text appearance and readability.

7.

Modify the Font of your Axis Labels: Customize X and Y axis label fonts.


-Time axis and price axis label formatting.

-Important for chart readability and professional appearance.

Style Saving and Loading Detailed Steps:

1.

Save your Layout as a Style: This will allow you to save different styles of charts.


-Complete Style Package: The "Style" includes all of the above settings (Colors and Fonts) as well as any studies you have added.


-Style Naming: Give your style a descriptive name for easy identification.


-Style Management: Create multiple styles for different trading scenarios.


-Style Modification Warning: If you want to modify an existing Style, you must retype the name of the style and select Add, once you click on an existing style, it will reset it and you will lose all changes.

Chart Style Part 2: Customizing Chart Type

Selecting Price Chart Type

-Default (Candle): When Default (Candle) is selected, choose your up and down candle color and size and size of the wick.



-Figure: Configure the colors for your up/ down Bars easily.



-Manuscript: Also called "Japanese or Hollow Candle" will display hollow "Up" Candles and Colored "Down" Candles.



-Mountain: Mountain Charts are shaded-in Line Charts.



-White: Same as Default but with a white background for easier visibility.

Note: We no longer offer a “Simple Bar” Chart. All charts have the volume bars at the bottom, as shown in the screenshot below:

Chart Style Part 3: Adding Studies

To add a Study right click in the chart and select the Studies option, you will be taken to the Studies tab. Select from Simple Moving Average, Exponential Moving Average, Bollinger Bands, MACD, RSI, Previous Close Line, or Comparison Charts.

The Average will be calculated based on the closing price of the last X Bars in your chart. Select the # of Bars, select Line or Mountain display, choose color, and select “Add”.

Bollinger Bands Standard Deviation Settings:

Consist of a middle band = X period of SMA, an upper band at N times standard deviation above and a lower band at N times standard deviation below.


  • Period Configuration: Choose your # of Bars (X period, usually 20).

  • Standard Deviation Settings: Choose your # of standard deviations (N, usually 2).

  • Color Customization: Choose your color for the middle, upper and lower bands.

  • Typical Settings: 20-period SMA with 2 standard deviations is most common.

  • Interpretation: Bands expand and contract based on market volatility.


MACD Signal Line, Fast/Slow EMA Configurations:

Stands for Moving Average Convergence/Divergence. MACD will display in its own pane below the chart.


  • Signal Line Configuration: Choose the # of Bars and color for the signal line (usually 9).

  • Fast EMA Settings: Choose the fast EMA bars and color (usually 12).

  • Slow EMA Settings: Choose the slow EMA bars and color (usually 26).

  • Standard Parameters: 12, 26, 9 are the most commonly used settings.

  • Display Options: Histogram and signal line crossovers for trade signals.

RSI Smoothing Period Details:

Relative Strength Index will also show up in its own pane below your price chart.


  • EMA Smoothing Period: Select your EMA smoothing period (usually 14).

  • Color and Style: Choose display colors and line style preferences.

  • Overbought/Oversold: Typically 70/30 or 80/20 levels for signals.

  • Momentum Indicator: Measures speed and change of price movements.

Previous Close Line

This is a line indicating the prior day's closing price. It is available on intraday charts only. Choose a color.

Pivot Lines:

Pivot Lines are now one of the available studies from the dropdown in the Studies Tab.


  • Availability Restriction: Pivot Lines are only available on Today's Intraday Data.

  • Display Limitations: They will not display on Daily Charts or previous day's data.

  • Real-time Only: Must be viewing current trading session data.

  • Calculation Basis: Based on previous day's high, low, and close prices.

Overlay or Performance Chart Choice

When selecting a "Comparison Chart" you can now select whether you would like it to display as an Overlay or a Performance Chart.


  • Performance Chart: Compare the overlaid stock's price performance to the Price Chart.

  • Overlay Chart: Simply overlay the symbol's slope within the given scale of the Price Chart.

  • Use Cases: Performance for relative comparison, Overlay for price correlation.

  • 90 Day Overlay (Default/Candle)Chart WYNN (Yellow Line) over SPY
  • 90 Day Performance (Default/Candle)Chart WYNN (Yellow Line) over SPY 

Fibonacci Lines Creation Step-by-Step:

1.

Access Tool: Select "Lines" from the right click menu in the Lightspeed Chart.

2.

Select Fibonacci: Choose Fibonacci from the sub-menu.

3.

Starting Point: Select your starting point for your Line.

4.

Begin Range: Left-click to begin building your range.

5.

Complete Line: Once you are done, left click again to see the finished line.

6.

Retracement Levels: Automatic calculation of key Fibonacci retracement levels.

7.

Support/Resistance: Use for identifying potential support and resistance areas.

Additional Studies

  • Stochastic: The Stochastic Technical Indicator compares where a security's price closed relative to its price range over a given time period. The Stochastic Indicator is displayed as two lines. The main line is called %K. The second line, called %D, is a Moving Average of %K.

  • Time Series Moving Average: The Time Series Moving Average [TSMA] returns the moving average of a field over a given period of time based on linear regression. It is calculated by fitting a linear regression line over the values for the given period, and then determining the current value for that line. (Note: A linear regression line is a straight line which is as close to all of the given values as possible.)

  • Triangular Moving Average: The Triangular Moving Average is double-smoothed because it is averaged twice creating a smoother, more wave-like moving average.

  • Volume Weighted Moving Average: The Volume Weighted Moving Average weights the price of each bar with the volume of that bar. In this way, bars with higher volume will be more heavily weighted in the computation of the average.

  • Volume Moving Average: This is a technical analysis of the volume pane of the chart. It will draw a line/mountain illustrating the Average Daily Volume over your specified period.

  • Linear Regression Indicator: This is an indicator that plots the endpoints of Linear Regression Lines for each period. A Linear Regression Line is the line that best fits into the plotted points on the defined period.

  • Linear Regression Slope: This will display the slope of the Linear Regression Indicator.

  • VWAP: Will chart the day's VWAP calculated 9:30am – 4pm ET. Will only display for the current day's data.

Chart Style Part 4: Saving your Chart Style

Once you have configured your chart with your desired Chart Type, Colors, Display Settings and Studies you can save it as your own personal Style. Simply name your Style [Layout] and Click Add.


  • Note: If you want to Modify an existing Style, you must retype the name of the style and select Add, once you click on an existing style, it will reset it and you will lose all changes.

Chart Trading

Modify Orders: Add orders, executions, and/or cancels to your chart in the Trading sub tab. Select Orders and Move them to desired price with your mouse.


1- Select and Move multiple orders at once.


2- Select Colors for orders in the Trading Tab.

Misc Chart Features

Spike Filter Standard Deviation Configuration:

The right-click menu in the Lightspeed chart is now equipped with an option to "Correct for Spikes."


  • Default Setting: When checked, the chart will not scale to any points outside of 4 standard deviations.

  • Data Preservation: "Bad" points will not be removed but the chart will not include them within the scale of the y-axis.

  • Custom Configuration: Users may define a larger or smaller standard deviation in the Chart Tab, 'Shared' subtab.

  • Y-Axis Management: Prevents extreme data points from distorting chart scale.

  • Visual Clarity: Maintains readable chart scaling while preserving all data points.

  • Adjustable Sensitivity: Modify standard deviation threshold based on data volatility.


Chart Zoom

  • Right-click and select Zoom, then select the area to zoom in on. Once you are zoomed in, use the arrow at the top right to get back to most recent bar. Use your buttons or scroll wheel to get back to desired time frame

View Studies Legend on Chart

  • Always Display Legends by selecting option in the Chart Display Tab.

Select and Modify Studies

  • Select Study, use Mouse wheel to modify Bars Back, etc., Right Click to Delete. Click the configuration icon to configure the study in the Chart Studies Tab. Select and Move Trend Lines.

Chart Toolbar

  • Right-click and add toolbar with ability to quickly add lines, studies, show info panel. You can quickly add custom studies, lines, and indicators to toolbar by clicking Add to Toolbar in Studies Tab.

Grabbing X Axis and Y-Axis

  • Grab the X or Y axis to interact with the chart. Remember: You can also use scroll wheel or shift/alt/ctrl + scroll wheel as well.

Optional Vertical Summary Window

  • In Tools, Summary Info - Select Info Box instead of Header. You will now see cross-hair info in an info box as seen above.

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