How to Use Spot Trading Charts and Technical Indicators
Analyze price action with candlestick charts, timeframes, and popular technical indicators available on Midas.
Charts on Midas are standard candlestick charts with the usual indicator set on top. This page covers the mechanics — timeframes, candles, adding indicators, drawing on the chart — and deliberately stops short of telling you what any pattern means for price, because nothing on a chart is a forecast.
Before you start
- A pair open on the trade screen. Charting needs no balance.
- A timeframe that matches how long you intend to hold, rather than the one that looks most dramatic.
Open the Chart View
From the trading screen, tap the chart area to expand it to full screen, or navigate to Markets > select a pair > Chart. The chart defaults to a candlestick view with a one-hour timeframe.
Choose a Timeframe
Select from available timeframes: 1m, 5m, 15m, 1h, 4h, 1D, 1W, and 1M. Shorter timeframes are useful for day trading and scalping, while longer timeframes help identify broader trends and key support/resistance levels.
Read Candlestick Patterns
Each candlestick represents price action over the selected timeframe. The body shows the open and close prices. Green candles close higher than they opened (bullish). Red candles close lower (bearish). The wicks (thin lines above and below the body) show the high and low prices reached during that period.
Add Technical Indicators
Tap the indicators button to add overlays and oscillators. Popular options include Moving Averages (MA/EMA) for trend direction, RSI for overbought/oversold conditions, MACD for momentum shifts, and Bollinger Bands for volatility ranges. You can add multiple indicators simultaneously.
Draw Trendlines and Annotations
Use the drawing tools to plot horizontal support/resistance lines, diagonal trendlines, and Fibonacci retracement levels directly on the chart. These visual aids help you identify key price zones and plan your entry and exit points. Your drawings are saved automatically across sessions.
If something goes wrong
- Indicators disappear when you switch pairs.
- Layouts are saved per pair on most setups. Re-add them, or save the layout once it is how you want it.
- The chart is slow or stops updating.
- A dozen indicators on a one-minute chart is heavy on any device. Remove what you are not reading, and refresh to re-establish the data stream.
- Your drawings disappeared after switching devices.
- Chart layouts and drawings are stored per device unless the platform syncs them. Re-draw on the device you trade from, or keep analysis on one machine.
Frequently asked questions
- Which timeframe should I use?
- One that matches your holding period. Minute candles describe noise if you intend to hold for weeks.
- Do indicators predict price?
- No. They summarise past price and volume in a compact form. Any decision you take from one is still your decision and carries risk.
- Can I use my own charting tool instead?
- Yes — the API exposes market data, and the api-docs page covers the endpoints. Plenty of traders chart elsewhere and execute here.
- How many indicators are too many?
- When two of them tell you the same thing, one of them is decoration. Most consistent traders run very few.