User Guide
Market Chart
The charts offer you a broader view of the market, making it easier to analyze certain variables and the evolution of the market over time. Traderline offers three types of charts to analyze the market: the Volume Chart; the Moving Average Chart; the Bollinger Bands Chart; the Betfair Chart and the Market Chart. The reporting period for each chart, that is, the timescale in which the information is displayed, can be selected and it goes from 1 minute to 5 minutes after your entry in the market. Charts can be enlarged or shortened to see the information in greater detail. To do so, you simply need to enlarge or reduce the chart window.
Traded Price/Volume Chart
This chart shows the full history of the odds from the moment the chart is opened and the respective traded volume for each odd. The left side variable is the traded odd and the right side variable is the volume. The line that is displayed lets you see the trend of evolution of the odds. The bars show the total volume traded for each odd.
Moving Average Chart
The Moving Average chart shows the average odd of the last 20 seconds, in relation to the real odd. The average odd is represented by the red line, while the real odd is represented by the blue line. This type of chart is used to predict the trend of evolution of the odds, based on behavioral patterns. If the lines cross, this can signal a trend reversal. When the price (blue line) is below the average (red line), the odds are following a downtrend, and when the price is above average, the odds are following an uptrend.
Bollinger Bands Chart
The Bollinger Bands chart creates an interval where prices generally stay confined. The upper limit of the interval is given by the green line and the lower limit is given by the pink line. The green line is called the ceiling and the pink line is called the floor. The price tends to stay within these lines. If the price/odd (blue line) is close to the ceiling, it should start to fall and if it's close to the floor, it should start to rise. That's how you perform an analysis using the Bollinger lines.
MACD lets you identify moving averages which point to the start of a new uptrend or downtrend in terms of the value of the odds. The MACD chart has the following configuration: It's possible to see two lines of moving averages, a fast moving average (in red) and a slow moving average (in blue). The histogram reflects the difference between the fast moving average and the slow moving average. Whenever the two moving averages move away from each other, the histogram increases, indicating the continuity of an uptrend or downtrend in the odds. If the two lines of moving averages cross, this signals a reversal in the trend of evolution of the odds.
Candle Chart
The candle chart is one of the most used charts for the graphic analysis of markets, since it gathers a lot of information in a simple and practical way. Each candle of the chart is filled with a color - green if the closing price (odd value) is higher than the opening price, and red if the opposite occurs - the candle size varies between the minimum price and the maximum price. The opening and closing prices for a certain period are also represented in the candle.
Betfair Chart
The Betfair Chart is similar to the Traded Price/Volume Chart, but with the peculiarity of showing the whole timeline, from the moment the market was created on Betfair.
Variation Chart
This chart shows the total variation of the total amount matched in each selection of the market. It allows for a quick analysis of the minimum, maximum and the current price of each selection at any moment.
Market Chart
In the market chart, you can see the evolution of the odds of all the selections in the market from the moment you open the chart. This chart offers a global perspective of the evolution of the odds of the whole market.