How do I use and adjust the candlestick chart?
The candlestick chart is an important analysis tool. Mastering the common candlestick chart settings on the platform can significantly enhance your transaction efficiency and greatly benefit your transaction.
1. Overview of the candlestick chart page.
Open the platform app and go to the chart page. The main chart interface has three areas that display transaction information and the chart.
Price information: This section displays the latest price, ATH, lowest price, trading volume, and the associated module for this cryptocurrency.
Candlestick chart:
Supports various time periods from minute charts to monthly charts, catering to different trading cycle viewing needs. In the indicator settings, you can set volume (VOL), moving average (MA), Bollinger Bands, MACD, stop-loss indicators, and more to help determine trends and entry/exit points. For a complete overview, please go to the Indicator Settings.
In the candlestick chart, B and S refer to historical transaction records. B stands for buy, and S stands for sell. If you want to show or hide this information, you can adjust it in the settings under "Historical Orders" in the top right corner of the candlestick chart.
Tap on the candlestick chart to view the time, open, high, low, close, change, %change, range, volume (volume bar), and turnover.
Transaction orders: Displays information such as orders, depth, and trading rules.
Currently, the platform doesn't support viewing the liquidation map.
After familiarizing yourself with the main interface layout, you can quickly locate the information you need and set the desired parameters and pages.
2. Price/Cycle/MCap
Price display: Click on the latest price to switch the chart to show the latest price, index price, and mark price.
Latest filled price = latest price = marketplace Markets price.
Index price: The spot index price is based on the trading pairs from more than three major exchanges selected by OKX. It accurately reflects the fair spot market price of each cryptocurrency and serves as the reference price for futures trading.
Mark price: This is the fair price of the contract market calculated using the spot index price plus a reasonable basis; the mark price is used to calculate the liquidation of contracts and the unrealized profit and loss on the positions page.
Period adjustment: The period options are usually located at the top of the chart or in the sidebar, allowing for quick switching between different time frames. Short-term traders can select short periods like 1 minute or 5 minutes, while long-term traders rather follow daily or weekly charts.
MCap and trading pair information: MCap data helps you understand the market size of a cryptocurrency. When combined with trading volume, it can indicate liquidity.
3. Candlestick chart settings (Chart settings, trading display, chart display, and more)
On the trading page, open the candlestick chart and select the Settings icon on the right to customize the chart. Available options include: Landscape, Indicators, Drawings, Formula, Compare, Date, Settings, Trading display, Chart display, Chart height, and more.
Landscape mode
On the app: On the candlestick chart page, select the Settings icon on the right > Landscape to switch to landscape mode.
Indicators
Supports a wide range of technical indicators, including MA, MACD, Boll, CCI, SuperTrend, and more.
On the app: On the candlestick chart page, select the Settings icon on the right > Indicators to add indicators and adjust parameters. For example, the CCI indicator defaults to a period of 12, which you can modify as needed.
On the web: On the candlestick chart page, select Indicators above the chart to add indicators and adjust parameters.
Drawing tools
Supports drawing tools for trend analysis.
On the app: On the candlestick chart page, select the Settings icon on the right > Drawings to enter full-screen drawing mode. You can add, share, or clear drawings, and exit drawing mode at any time.
On the web: On the left side of the candlestick chart page, use the drawing tools to draw on the chart.
Formula
On the app: On the candlestick chart page, select the Settings icon on the right > Formula. Select a trading instrument and add operators (addition, subtraction, multiplication, division) to create custom formulas for analyzing the price performance of multiple trading pairs on the chart.
Compare
On the app: On the candlestick chart page, select the Settings icon on the right > Compare. Select multiple trading pairs to overlay on the chart for a side-by-side price comparison.
Date
On the app: On the candlestick chart page, select the Settings icon on the right > Date. Select the date you want to view and select Confirm.
Chart settings
On the app, on the candlestick chart page, select the Settings icon on the right > Chart settings for additional customization options, including:
Chart display
Full screen mode
Dark/light theme
Candlestick zoom style
Trade buttons
Candlestick color preferences: By default, green indicates price increases and red indicates decreases. You can customize the colors for rising and falling prices according to your preference.
Bullish
Bearish
24h change & chart time: Supports UTC+8, UTC, and 24-hour format
Abstract on chart
Drag position
Price fluctuation
News display
Quick trading
Keep screen on
Double tap for full screen
"Cancel order" confirmation
Sync drawings
Remove drawings
Market tracker
Trading display
On the app: On the candlestick chart page, select the Settings icon on the right > Trading display to show or hide the following:
Open orders: Displays the 20 most recent unfilled orders. Supports setting TP/SL, canceling orders, and drag-to-modify.
Cost of positions: Displays your average position cost, position size, and unrealized PnL. Supports quick close or setting TP/SL.
Liquidation price: Displays the estimated liquidation price for your current position.
Historical orders: Displays filled orders from the past 90 days.
Breakeven price: Displays the breakeven price for your current position.
Chart display
On the app: On the candlestick chart page, select the Settings icon on the right > Chart display to enable or disable the following:
Y-axis: Displays the price scale on the right side of the candlestick chart.
Price alerts: Displays your set price alert lines. Supports viewing or dragging to adjust.
Countdown: Displays the remaining time in the current candlestick period.
Economic calendar: View economic events on the candlestick chart to stay informed about market developments.
4. Order book / Trading rules.
Order book: The left side of the Orderbook shows the quantity of buy orders at different price levels, while the right side displays sell orders. You can view the transaction depth and the quantity of buy and sell orders at various price points.
Trading rules: The trading rules section provides detailed information about the settlement currency, contract size, minimum price fluctuation, leverage level, and other key details for the trading pair. Familiarizing yourself with these rules can help you avoid losses due to operational errors.
The design of the candlestick chart features aims to provide comprehensive market analysis tools. By effectively utilizing price cycles, technical indicators, real-time monitoring, and quick order placement, traders can capture opportunities and manage risks more efficiently. Mastering these features will help you respond to market fluctuations with greater confidence and improve the quality of your trading decisions. You can also learn about candlestick patterns systematically through the Beginner Academy: Learn candlestick patterns from scratch link.
5. How do I set Fibonacci retracements?
On the App:
1. Tap Trade > Select Spot or Futures
2. Tap the candlestick chart icon in the upper right corner to enter the candlestick chart page
4. Tap the gear icon on the right
5. In Chart display, select TradingView
6. Go back to the candlestick chart page, select the four horizontal lines on the left side of the candlestick chart to set Fibonacci retracements
On the Web:
1. Tap Trade > Select Spot or Future
2. In TradingView, select Gann and Fibonacci Tools (the four horizontal lines on the left side of the candlestick chart) to set Fibonacci retracements
If you can't see the candlestick chart after setting Fibonacci retracements, you can select the period at the top of the candlestick chart to view it.
6. How do I change the chart timezone?
On the App: go to Menu in the top-left corner > Account settings > Preferences > 24h change & chart time, You can select UTC+8, UTC, or a 24-hour format based on your time zone and preference.
On the Web: on the trading page, tap the Settings icon on the right side > Select 24h change & chart time, you can choose between UTC+8, UTC, or 24-hour format based on your time zone and preference.
7. How do I adjust the price change display?
On the OKX App, go to the Hot list on the App homepage, tap the arrow on the right
Tap the Filter icon.
From there, you can filter by Quote currency or Time range based on your preference
8. Are candlestick charts available for Options?
No. Candlestick charts are not supported for Options. If you're looking for Options market data, please refer to the Options trading page directly.
9. How do I hide historical orders on the candlestick chart?
App: Go to the candlestick chart page > Tap the Settings icon on the right > Under Trading display, uncheck Historical orders
Web: Go to the trading page > Tap the Display settings icon above the candlestick chart > Uncheck Historical orders.
10. How do I download candlestick chart data?
Downloading candlestick chart data is currently only supported on the web. On the OKX official website home page, scroll to the bottom and go to Services > Historical market data > Under Candlestick, tap Download > Select your Instrument, Date grouping, Symbol, and Date range.
Note: each day is counted from 16:00 UTC (previous day) to 15:59 UTC. Data will be available for download 2 days after the end of each day.
11. Why is Cost of positions not showing on my chart?
If Cost of positions is not showing on your candlestick chart, follow these steps to enable it:
Open the candlestick chart page and select the Settings icon on the right
Go to Trading display, make sure the Cost of positions toggle is turned on.