Dynamic Price Chart Display System with Timing Indicators
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Solution Overview
Problem
Current charting systems for price movements in financial markets, such as OHLC and candlestick charts, lack the ability to visually indicate when high and low prices occurred during a time period, leading to a lack of specific and timely information for users.
Innovation Solution
The implementation of enhanced candlesticks and OHLC/HLC bar charts that widen proportionally to the time period, with separate upper and lower price bars, and tilting or shifting of wicks to indicate when high or low prices occurred, without relying on additional graphical indicators.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If conventional OHLC or candlestick charts are used, then the basic price range (high-low) is displayed, but the specific timing of when high and low prices occurred is not shown
Solution Approach 1:
The patent segments the single vertical price bar into multiple components: an upper wick representing the high price period and a lower wick representing the low price period. Each wick is positioned at different horizontal locations along the time axis, visually indicating when during the time period the high and low prices occurred. This segmentation preserves the basic price range display while adding timing information without requiring a completely new chart structure.
2Loss of information
If additional graphical indicators are added to show when high and low prices occurred, then more specific timing information is provided, but the chart becomes more complex
Solution Approach 1:
The patent merges the timing information directly into the existing wick structures of the candlestick chart. Instead of adding separate indicators such as dots, lines, or text annotations, the horizontal positioning of the wicks themselves conveys the timing information. This integration approach provides the needed timing data while avoiding an increase in the number of distinct graphical elements.
3Loss of information
If the chart displays only basic OHLC data, then the chart remains simple and easy to read, but it lacks specific information about when price extremes occurred during the time period
Solution Approach 1:
The patent utilizes the horizontal dimension of the chart (along the time axis) to encode timing information for price extremes. By positioning the upper and lower wicks at different horizontal locations rather than stacking them vertically at the same position, the chart conveys when during the time period the high and low prices occurred. This use of horizontal positioning as an additional informational dimension increases measurement precision without complicating the vertical price representation.
Data Source
AI summary
A method of displaying a symbol representative of changes in price during a time period includes receiving a plurality of prices, each price occurring at a different corresponding time, determining, from the received plurality of the prices, an open price occurring at an initial time and a last price occurring at a last time, the time period extending from the initial time to the last time, determining, from the received plurality of prices, a highest price occurring at a first time within the time period and a lowest price occurring at a second time within the time period, generating, by a charting engine, a symbol, based on the open price, the last price, the highest price, and the lowest price, and displaying at a particular position, by the charting engine, the symbol, which includes a first indicator indicating the first time corresponding to the highest price and a second indicator indicating the second time corresponding to the lowest price.