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Bajaj Broking Adds TradingView Alternative Charts for Traders

Bajaj Broking Adds TradingView Alternative Charts for Traders
How TradingView’s Alternative Charts on Bajaj Broking Help Traders Filter Market Noise · livemint.com

Trading charts help people see how prices change.

Bajaj Broking has added TradingView charting tools to its platform.

Some charts make a new mark only when the price moves enough, rather than after a set amount of time.

Renko charts use bricks, while Kagi charts use lines.

Point & Figure charts use Xs and Os to show price rises and falls.

Line Break charts wait for stronger evidence before showing a change in direction.

These views may help traders focus on bigger price moves.

They cannot tell the future or guarantee that a trade will make money.

Key facts

Platform
Bajaj Broking with TradingView charting integration
Alternative chart types
Renko, Kagi, Point & Figure (P&F), and Line Break
Renko method
A new brick appears after price moves by a predefined amount.
Kagi method
Lines change direction when price passes a predefined reversal level.
Point & Figure method
X columns represent rising prices and O columns represent falling prices.
Line Break method
The commonly used three-line method compares closing prices with previous lines before confirming a move.
Risk caveat
Alternative charts do not eliminate uncertainty or guarantee profitable trades.
Disclosure
The article says it is part of Mint's promotional consumer connect initiative and was independently created by the brand.

Sources

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