Enhanced Candlestick Charting With Variable Widths And Intra-Body Fill Areas
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Solution Overview
Problem
Conventional charting methods fail to provide specific information on when high and low prices occurred during a time period, leading to inaccurate and visually misleading representations of price fluctuations in candlestick and OHLC charts.
Innovation Solution
The method involves generating enhanced candlesticks and OHLC charts with separate upper and lower price bars that widen proportionally to the time period, allowing for the visualization of when high and low prices occurred by tilting or shifting wicks, and using a charting engine to display these symbols with variable widths and additional indicators for better accuracy.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If conventional candlestick and OHLC charts are used, then the charting method is simple and easy to understand, but specific information on when high and low prices occurred during a time period is not provided
Solution Approach 1:
The patent segments the single body of conventional candlesticks into multiple intra-body fill areas, each representing different intra-time periods. This segmentation allows the chart to display timing information of price movements while maintaining the familiar candlestick structure, thus resolving the contradiction between information completeness and structural simplicity.
Solution Approach 2:
The patent introduces an additional dimension within the candlestick body by using intra-body fill areas with different patterns or opacities to represent different time periods. This dimensional enhancement provides timing information without significantly increasing external structural complexity, addressing the contradiction between information loss and device complexity.
2Measurement precision
If variable width symbols are used to show time period proportions, then more accurate timing information is provided, but computing resources increase
Solution Approach 1:
The patent applies partial action by only varying the width of symbols that contain intra-body fill areas, while keeping other chart elements at standard widths. This selective application reduces unnecessary computing overhead while maintaining measurement precision where it is most needed, thus resolving the contradiction between timing accuracy and computing resource consumption.
3Loss of information
If multiple intra-time periods are displayed within a single time period, then more detailed price information is provided, but the chart becomes more complex
Solution Approach 1:
The patent applies local quality by using different fill patterns, colors, or opacities for different intra-body fill areas within the candlestick body. This allows detailed intra-time period information to be displayed through localized variations rather than overall structural complexity, resolving the contradiction between information completeness and chart simplicity.
Data Source
AI summary
A method for generating a data structure, the data structure being used to generate a symbol representative of changes in price during a time period, the method including receiving, for each intra-time period of a plurality of intra-time periods in the time period, intra-time price data including an intra-time open price and an intra-time close price corresponding to the intra-time period, determining, from the received intra-time price data for the plurality of intra-time periods, an open price, which is an intra-time open price of an initial intra-time period of the plurality of intra-time periods, and a close price, which is an intra-time close price of a last intra-time period of the plurality of intra-time periods, determining, for each intra-time period of the plurality of intra-time periods, a value indicating whether or not the intra-time close price of the intra-time period is higher than the open price, so as to determine a plurality of values, and storing the time period, the open price, the close price, and the determined plurality of values in association with one another in the data structure on a non-transitory computer readable medium.