Enhanced Candlestick Chart Timing Visualization
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Solution Overview
Problem
Existing charting systems for market traded securities do not provide timely and visually accurate information on when high and low prices occurred during a time period, as they rely on static graphical representations that do not specify the occurrence time of price extremes.
Innovation Solution
The implementation of a computer-implemented method that generates and displays enhanced candlestick and OHLC charts by using separate upper and lower price bars that widen proportionally to the time period, and tilting or shifting wicks to indicate when the high or low price occurred, without adding additional graphical indicators.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If conventional candlestick or OHLC charts are used to display price ranges, then the basic price information (high, low, open, close) is shown, but the specific timing of when high and low prices occurred during the time period is not provided
Solution Approach 1:
The patent segments the single vertical price bar into separate upper and lower price bars, where the upper bar represents the high price occurrence and the lower bar represents the low price occurrence. This segmentation allows timing information to be visually encoded through the horizontal positioning of each bar segment, resolving the information loss without requiring additional complex graphical elements.
Solution Approach 2:
The patent transitions from a one-dimensional vertical representation (where only price magnitude is shown) to a two-dimensional representation where horizontal positioning indicates timing. By adding the horizontal dimension to show when price extremes occurred, the chart preserves all price information while eliminating the loss of timing data.
2Loss of information
If additional graphical indicators are added to show when high and low prices occurred, then timing information is provided, but visual clutter increases
Solution Approach 1:
The patent merges the timing information directly into the existing price bar structure by using horizontal positioning of the upper and lower price bars. Instead of adding separate indicators, the timing data is combined with the price magnitude representation, eliminating visual clutter while preserving all necessary information.
Solution Approach 2:
The upper and lower price bars serve multiple functions simultaneously: they display the magnitude of high and low prices vertically while encoding the timing of these extremes horizontally. This multi-functionality eliminates the need for separate timing indicators, reducing visual clutter while maintaining information completeness.
3Ease of operation
If static graphical representations are used, then the chart is simple to display, but timely and accurate information about price occurrences is not provided
Solution Approach 1:
The patent introduces dynamic positioning of the upper and lower price bars along the horizontal axis based on when the high and low prices occurred during the time period. This dynamic element allows the chart to convey precise timing information while maintaining the simplicity of a bar chart format, bridging the gap between visual simplicity and measurement precision.
Data Source
AI summary
A method of displaying a price range of a market traded security during a time period includes a charting engine displaying a price bar, having a width of the time period, generating at least one of an upper and lower price bar, the upper bar having a height of a high price at a first time and the lower bar having a height of a low price at a second time during the time period, connecting a bottom of the upper price bar to the top of the price bar and the top of the lower bar to the bottom of the price bar, and displaying the price bar, the upper bar, and the lower bar that visually depicts and enables the user to see proportional to the price bar when the upper price bar and the lower price bar have occurred during the time period.