Enhanced Candlestick Chart Wick Positioning
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Solution Overview
Problem
Existing charting systems, such as OHLC and candlestick charts, do not provide specific information on when high and low prices occurred during a time period, limiting user understanding and analysis capabilities.
Innovation Solution
The method involves generating enhanced candlesticks with a widening body proportional to the time period, where upper and lower wicks are positioned to indicate the specific times of high and low prices, allowing for more precise visualization without additional graphical indicators.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If conventional candlestick charts are used to display price ranges, then the basic open-high-low-close information is shown, but the specific timing of high and low prices during the time period is not provided
Solution Approach 1:
The patent extends the traditional 2D candlestick chart by adding a temporal dimension through the positioning of wicks. Instead of merely displaying price ranges vertically, the wicks are positioned horizontally at specific time points within the candlestick body, transforming the flat price display into a multi-dimensional representation that encodes both price and timing information.
Solution Approach 2:
The candlestick is segmented into distinct functional components: the body representing the price range between open and close, and the wicks representing specific timing points for high and low prices. This segmentation allows each part to convey specific information, with the wicks acting as temporal markers that divide the time period into meaningful segments.
2Loss of information
If additional graphical indicators are added to show timing of high and low prices, then more information is provided, but the chart becomes more complex and cluttered
Solution Approach 1:
The patent merges the timing information directly into the existing candlestick structure by integrating wicks as inherent components of the candlestick itself. Rather than adding separate external indicators, the timing markers are combined with the price representation, allowing timing and price information to be displayed unified within a single graphical element.
Solution Approach 2:
The wick elements serve multiple functions simultaneously: they indicate the timing of high or low prices, mark specific time points within the period, and maintain the visual continuity of the candlestick chart. This multi-functionality eliminates the need for separate dedicated indicators for each piece of information.
3Loss of information
If the candlestick body width is kept constant, then the chart is simple to render, but it cannot visually represent the progression of time within the period
Solution Approach 1:
The patent introduces dynamic positioning of wicks within the candlestick body, where the horizontal position of each wick corresponds to its temporal position within the time period. This dynamic arrangement allows the static candlestick graphic to convey temporal progression, with wicks positioned proportionally to indicate when during the period the high or low price occurred.
Data Source
AI summary
A network access device is configured to display a first vertical line of a height proportionate to a range between a first high price and first low price from a first intratime period of OHLC data and display a second vertical line adjacent to the first vertical line, the second vertical line having a height proportionate to a range between a second high price and second low price from a second intratime period of OHLC data and generate a body from an open price of the time period and a close price of the second intratime period and determine a highest intratime period having a highest price from each high price of each intratime period and a lowest intratime period having a lowest price from each low price of each intratime period and generate and display an enhanced candlestick by the display of the body overlayed upon the first vertical line and the second vertical line and then generate at least one of an upper wick and lower wick by a removal of all portions of all vertical lines outside of the body from all intratime periods other than above the body of the highest intratime period and below the body of the lowest intratime period.