Overlay Symbol

Overlay Symbol

Overlay Symbol

The Deepcharts Overlay Symbol indicator allows you to display the chart of another financial instrument on the main chart, allowing you to monitor multiple instruments at the same time. This can be done by creating a secondary chart area or by overlaying the two charts.

The second chart will be set to the same time frame as the main chart, and whenever this is changed, the second chart's time frame will automatically change as well.


Usage Settings

By clicking on the indicator settings icon, the relevant configuration window will open, within which it will be possible to make various choices regarding the indicator's functionality.



Parameters

General

By clicking on Select you can select the symbol you want to overlay.


Volume/Delta



Width based on volume

If enabled, the size of the candles will vary depending on the volume traded in each of them.

Color based on Delta 

If enabled, the color of the candles will vary depending on the delta of each of them.

% Max Width Based on Volume

Defines the maximum width % of volume-based candles.

Border based on Open/close 

If enabled, the color of the candlestick border will vary depending on whether the candlestick is bullish or bearish.

Delta input

Defines the database for delta calculation, being able to choose between Volume and Trades.

Color mode

Defines how to color the bars in case of delta-based color, with the option to choose between fade and fixed.

Std. dev. for coloring

Defines the standard deviation value for the fade mode.

Subgraph


By clicking on the subgraph icon at the top you can change the border and filling color of the candles.

Change the chart style, choosing between Line, Candlestick, OHLC, Hidden, Candlebody charts.

Change the border thickness.

Chart Area

If you want to overlay the two charts in the main chart area, select chart area 1 at the top of the indicator window, see the following figure.

Remember to enable the Use sec. axis option if the price scale of the two instruments is different.

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