Rounding/Ranging

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All choices found on the Rounding/Ranging tab of UA's Charting Preferences screen affect the processing of data in newly made charts.

The Rounding/Ranging screen of Charting Preferences is very similar to the "Rounding/Ranging" tab of Portfolio Settings. The one that controls your current chart depends upon how the chart is created. Charts made from a portfolio listing use the preferences that are defined for the specific portfolio. Charts made through the "New Chart" feature will use the specification on the Charting Preferences - Cash/Saturdays screen. Either way, here's how the settings apply:

Making Close in High/Low Range

This feature controls the handling of the high, low and close values in cases where the settlement price lies outside the day's trading range.

Your choices are:

·

As published: This choice provides charts with the actual open, high, low and settlement, even when the settlement is outside the trading range. When the settlement committee decides, after the close, that the settlement should be at a level where no trading occurred, charts can show a no-trading gap between the actual high/low bar and outlier settlement price.

·

Modify High/Low (the default, for a typical open-high-low-close bar): This choice makes the close price (settlement) fall within the high/low range by adjusting the range. It produces charts with possible adjustments to highs and lows when the settlement is outside the trading range. A traditional open, high, low, close bar chart results. By taking this choice, you may produce an artificial trading range, which includes an area where no trading occurred.

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Modify Close: This choice makes the close price (settlement) fall within the high/low range by changing out-of-range settlements. It produces charts where the closes (settlements) may be modified if the settlement price lies outside the daily trading range. In the event that the settlement lies outside of the high-low range, the settlement may be adjusted to match the high or low which is closest to its value. This technique ignores the settlement price, but preserves an accurate view of the market's trading range. Settlement accounting users would not obtain an accurate view of a portfolio's value using this choice.

Round to Nearest Tick

This feature forces the calculated values of back-adjusted price reports as well as standard contract data to conform to exchange-sanctioned minimum tick values. We recommend this choice be used when output values are in decimal form. Where possible, CSI reports opening futures prices as the midpoint of the opening range.

Show Mutual Fund Load

Loading is the extra cost some mutual fund companies pass on to consumers at the time of purchase or sale. UA gives you the choice of including the load or not. If desired, click "Show Loading" from the selection screen.