CQG's Spread Bar Chart

The Spread Bar chart displays spread bar values based on a user set parameter for snap shots at certain intervals.

This is a superior method to simply plotting the spread prices. For example, the crack spread 42*HOE-CLE when entered as a symbol on a bar chart is converted into a line chart.


Also, if you were to simply use the two contacts high and low for the session there could be a problem if the two markets hit their respective highs and lows at different times during the session. The snap shop feature insures a more accurate view of the price action of the spread.

By converting the chart type to a Spread Bar then the Spread Bar open, high, low and close chart is displayed.


Below the chart is a 30-minute Spread Bar chart of the spread.


The Spread Bar chart creates a bar by taking the value at the user set intervals smaller than the chart interval and creating a range. A spread bar chart allows you to set the interval, allowing for more granularity.


Interval choices Minutes: 1, 2, 3, 4, 5, 10, 15, 20, 30, 45, 60

And: Daily, Weekly, Monthly, Quarterly, Semi-Annual, Annual.

There is an additional way to pull up a bar chart that has the same interval parameter feature by passing the interval parameter as part of the symbol.

For example: Bar(42*HOE-CLE,1) when entered for a 30-minute bar chart returns a bar chart which would represent the crack spread every 1-minute summed up over a 30-minute period. The interval included in the symbol from the same list of values from above.


In addition, the symbol “Bar(42*HOE-CLE,1)” can be used in Excel for pulling Spread Bar data using RTD formulas and is discussed in this post.


Finally, you can use your favorite price-based studies for further analysis, The downloadable sample CQG PAC has four Spread Bar Charts using different time intervals.



Trading and investment carry a high level of risk, and CQG, Inc. does not make any recommendations for buying or selling any financial instruments. We offer educational information on ways to use our sophisticated CQG trading tools, but it is up to our customers and other readers to make their own trading and investment decisions or to consult with a registered investment advisor. The opinions expressed here are solely those of the author and do not reflect the opinions of CQG, Inc. or its affiliates.