Villiers Chart
A Villiers Chart is a visualization of price movements in stock markets, forex markets or markets of any liquid financial asset. It simultaneously shows the percent difference in price by minute, hourly and daily intervals for a trading pair, as well as listing several pairs vertically. This type of visualization allows for the comparison of price movement across many pairs at once and aids the decision making processes for placing trade orders. It additionally shows basic information on each pair, such as current price and trading volume.
The chart has been developed by Philipe Achille Villiers initially for cryptocurrency markets[1] aiming to create a visualization that allows a human reader to screen a market in a similar way an algorithm can screen a market, for example an automated trading bot used for algorithmic trading. Subsequently providing a humanly comprehensible, full understanding of the market and its recent historical and real-time behaviour.
The villiers chart is similar to a candlestick chart, in that it presents gains and losses across predefined time intervals, also indicating whether the closing price was higher or lower than the opening price for that interval. It omits interval maxima and minima. Yet it differs in the information that can be extracted, due to its layout.
Whilst a candle stick chart's focus lies on a single trading pair, the villiers chart extends that concept and allows the display of many pairs in candle-stick-alike fashion in one chart. The green/red colouring of the intervals is staggered and viewing the chart as a whole becomes a form of heat map and market overview. This also allows for correlation and negative correlation of assets within a market to be identified. Market sentiment is easy to grasp and a villiers chart can help to determine when to enter or exit trades.
 | This article about stock exchanges is a stub. You can help EverybodyWiki by expanding it. |
This article "Villiers Chart" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Villiers Chart. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- ↑ Villiers, Philipe Achille. "Bitfinex USD Trading Pairs". coindashboards.com. Retrieved 20 July 2018.
