About PonTan charts
Overview.
The PonTan chart shows price movements over a five-day period, including the day recorded in the logbook. Only the 15-minute chart is displayed. The mouse wheel can be used to zoom in and out, and left and right scrolling allows you to go back and check past price movements. The vertical line indicates the date line and is always visible, but the date at the bottom may be omitted depending on the zoom factor. Charts for the day of the logbook are automatically updated every 15 minutes. When the date changes, only the chart corresponding to that day's logbook is subject to subsequent updates, while charts for other dates are fixed. This is intended to "keep a history of the charts you were looking at in real time that day".
The four currency pairs that can be displayed are.
- USDJPYUS dollar/Japanese yen
- EURUSDEuro/US dollar
- GBPUSDBritish pounds sterling/US dollar
- AUDUSDAustralian dollar/US dollar
PonTan trades essentially only in the straight dollar.
This is due to the fact that technical analysis is more effective than in cross-currencies, making it easier to make clear trade decisions.
List of indicators displayed.
5M EMA： Auxiliary lines to capture very short-term flows.
15M EMA： Visualisation of short-term wave direction
1H EMA： Indicative medium-term trend
4H EMA： Supplementing the big-picture market trend.
BB±2σ： General volatility range
BB±3σ： Overheated and undersignalled areas
Prev High Low： Highs and lows of the previous day
Round Number： Price of a good price (psychological milestone)
Pivot Point (PP)： Centre of gravity of the day's price calculated from the previous day's high, low and closing price
Pivot R1： First resistance line.
Pivot R2： Second resistance line.
Pivot R3： Third resistance line.
Pivot R4： Fourth resistance line.
Pivot R5： Fifth resistance line.
Pivot S1： First support line
Pivot S2： Second support line.
Pivot S3： Third support line.
Pivot S4： 4th support line.
Pivot S5： Fifth support line.
Pivot lines (S1-S5 / R1-R5) and Round Number only appear on the chart when the price is reached.
Display by Market
The chart background shows a band for each session.
Tokyo time
London time
New York time
Indicator detail settings
15M EMA： 15-minute exponential smooth moving average
1H EMA： Hourly Exponential smooth moving average
4H EMA： 4-hourly Exponential smooth moving average
BB±2σ： Bollinger bands 2σ
BB±3σ： Bollinger bands 3σ
FX Diary.