Patent ID: 7844487
Filing Date: 2010-11-30
Classification: G06Q,G06T

Abstract:
1. A method of transforming a standard O.H.L.C. (open, high, low, close) bar chart into a chart that diagrams price or value changes occurring within a charted period, disclosing the sequence of occurrence of price or value extremes (highest price or value compared to lowest price or value) as well as the direction and momentum of price or value changes during an ending portion of the period, the method comprising using non-transitory computer-readable media having computer-readable instructions thereon executing, by a computer the following steps: developing a time control data that identify pre-defined time periods including period openings, period closings, and intra-period closing time frame initiations, receiving source of market price or value data for a charted entity, interfacing the time control data with the source of market price or value data, converting the time control data and the market price or value data into charting durations thereby establishing the charting period as well as an opening price or value, a closing price or value, and the charting period's intermediary price or value data including an intra-period closing time frame's initial price or value, comparing of the charting period's price or value data to establish a final highest price or value occurring during the charted period, a final lowest price or value occurring during the charted period and a range of prices or values during the charted period, determining a time sequence of extreme prices or values during a charting period, highest verses lowest, transforming of the opening price or value, closing price or value and the charting period's intermediary price or value data into a chart that defines the opening price or value, highest price or value, lowest price or value, initial closing time frame price or value and closing price or value, as well as the sequence of price or value extremes, highest verses lowest, that will provide an indication of an intra-period pricing or value pattern, and will also indicate the initial closing time frame price or value so that comparison of the price or value at the beginning of the intra-period closing time frame to the charting period's closing price or value provides an indication of a direction of change in price or value during the intra-period closing time frame, if any, as well as the degree and speed of change occurring, presenting a charting period's activity comprising a graph having a vertical price or value scale and composed of a vertical axis having a length, where the length and positioning in relation to the vertical price or value scale demonstrates the charting period's price or value range and a horizontal line extending leftwardly from the vertical axis demonstrating the charting period's opening price or value by its level of positioning in relation to the price or value scale and a horizontal line extending rightwardly from the vertical axis demonstrating the charting period's closing price or value by its level of positioning in relation to the price or value scale, the chart also graphically illustrating the sequence of the occurrence of the price or value extremes, highest or lowest, by displaying an identifying mark on or near the top of the chart's vertical axis if the period's highest price or value occurs first or by displaying an identifying mark on or near the bottom of the chart's vertical axis if the period's lowest price or value occurs first or by displaying uniquely different identifying marks, a first unique mark identifying the first occurring extreme price or value, high or low, and placed on or near the corresponding end, top or bottom, of the vertical axis and a second unique mark identifying a charting period's last extreme price or value placed on or near the opposite end of the vertical axis, and transforming the market price or value data to graphically illustrate an identification of the initial price or value of the pre-selected intra-period closing time frame by displaying an identifying mark on or near the chart's vertical axis at a level in relation to the price or value scale that correspond to the initial price or value of the intra-period closing time frame.