Line Studies 
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Description
 
Horizontal Line

Horizontal line can be used to mark various
levels, particularly, those of support/resistance.
One point must be set for this object to be
imposed.
 
Vertical Line

Vertical line can be used to mark various borders
in the time axis and to compare signals of
indicators to price changes. One point must be
set for this object to be imposed.
 
Trendline

Trendline helps to explore trends in price
changes. Two points must be set through which a
trendline will be drawn.
 
Equidistant Channel

Lines of the equidistant channel are always
parallel. Two points must be set for this tool to be
drawn.
 
Fibonacci Retracement

Leonardo Fibonacci is considered to have
discovered a number sequence where each
successive number represents a sum of two
preceding ones: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55,
89, 144, etc. Each number is approximately 1.618
times more than the preceding one, and each
number makes approximately 0.618 of the
successive one. The tool can be drawn on two
points that determine the trendline. At that,
horizontal lines that meet the trendline at
Fibonacci levels (retracement) as 0.0%, 23.6%,
38.2%, 50%, 61.8%, 100%, 161.8%, 261.8%, and
423.6% are drawn automatically.
 
Fibonacci Fan

Fibonacci Fan is drawn on two points that define
the trendline. Then an «invisible» vertical line is
drawn through the second point. Then three
trendlines are drawn from the first point, these
trendlines meeting the invisible vertical line at
Fibonacci levels of 38.2%, 50%, and 61.8%. It is
considered that significant price changes should
be expected near these lines.
 
Andrews' Pitchfork

This tool is drawn on three points and represents
the parallel trendlines. The first trendline starts at
the selected leftmost point (it is an important peak
or trough) and is drawn precisely between two
rightmost points. This line is the pitchfork «helve».
Then, the second and the third trendlines
outgoing from the abovementioned rightmost
points (significant peak and trough) are drawn in
parallel to the first trendline. These lines are the
pitchfork «teeth». Andrews' Pitchfork is
interpreted as support/resistance lines are
normally interpreted.
 
Time cycle Lines

This tool represents a row of vertical lines placed
at equal intervals. Normally, a unit interval
corresponds with one cycle. At that, completed
lines are considered to describe future cycles.
The tool is drawn on two points that define the
unit interval.
 
Price cycle Lines

This tool represents a row of horizontal lines
placed at equal intervals. Normally, a unit interval
corresponds with one cycle. The tool is drawn on
two points that define the unit interval.
 
Aiming


Circle


Cross


Ellipse


Exponential curve


Hand draw


Inverse circle


Logarithmic curve


Logarithmic spiral


Oriented cycles


Pentagram


Polygone


Price extensions


Time extensions


Sinusoid


Square


Equilateral triangle


Circle

Draw a circle from center
 
Cross

Draw a cross with ajustable settings
 
Inverse circle


T

Text


Selection

Used to show a bar info or to copy a trendline with a right
click
 
Color

Color


F

Font


Aiming

Show time and price info for both canvas with a click on the
mouse wheel
 
Clr

Clear


Hand draw


Sinusoid


Logarithm


Exponent


Price cycles


Reverse


Flip


SQ9F

Square of 9 Floating


SQ144F

Square of 144 Floating


Time cycles


Square from center


Triangle from center


Conic from 5 points


Gann grid


Speed resistance lines


Fibonacci arcs


Seed of life


Gann square


Fibonacci spiral


Archimed spiral


Fibonacci Circles


Fibonacci Time Zones


Fibonacci Price Zones


Prime numbers spirals toolbox


Circle given 3 points


Rotated ellipses


VT

Vector Text

Vector Text: The background color is transparent. You can
stretch and rotate the text.
