Line Studies
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Line Studies
Line studies are lines and various geometrical shapes that can be imposed into a price or indicator chart. They include support/resistance lines, trend lines, as well as Fibonacci's, Gann's, and Andrews' tools, etc.
Line studies are collected in the "Tools" toolbar on the left of the program. To impose an object, one has to press the corresponding toolbar button (the buttons are given in the leftmost column of the table).


Menu Command
Description
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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.
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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.
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Trendline
Trendline helps to explore trends in price changes. Two points must be set through which a trendline will be drawn.
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Equidistant Channel
Lines of the equidistant channel are always parallel. Two points must be set for this tool to be drawn.
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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.
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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.
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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 above-mentioned 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.
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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.
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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.
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Aiming
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Circle
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Cross
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Ellipse
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Exponential curve
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Hand draw
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Inverse circle
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Logarithmic curve
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Logarithmic spiral
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Oriented cycles
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Pentagram
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Polygone
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Price extensions
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Time extensions
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Sinusoid
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Square
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Equilateral triangle
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Circle
Draw a circle from center
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Cross
Draw a cross with ajustable settings
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Inverse circle
T
Text
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Selection
Used to show a bar info or to copy a trendline with a right click
Color
Color
F
Font
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Aiming
Show time and price info for both canvas with a click on the mouse wheel
Clr
Clear
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Hand draw
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Sinusoid
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Logarithm
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Exponent
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Price cycles
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Reverse
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Flip
SQ9F
Square of 9 Floating
SQ144F
Square of 144 Floating
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Time cycles
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Square from center
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Triangle from center
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Conic from 5 points
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Gann grid
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Speed resistance lines
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Fibonacci arcs
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Seed of life
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Gann square
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Fibonacci spiral
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Archimed spiral
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Fibonacci Circles
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Fibonacci Time Zones
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Fibonacci Price Zones
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Prime numbers spirals toolbox
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Circle given 3 points
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Rotated ellipses
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Vector Text
Vector Text: The background color is transparent. You can stretch and rotate the text.