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Line Studies |
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Menu Command
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Description
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Horizontal Line
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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
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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
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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
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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
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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
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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.
Standard, Symetry from point or Price mirrored.
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Andrews' Pitchfork
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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
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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
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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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Crosshair
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Show time and price info for both canvas with a click on the
mouse wheel
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Circle
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Cross
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Settings button is available
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Ellipse
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With Fibo. Ellipses / With Speed Res. Ellipses
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Exponential curve
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You can adjust the two trackbars in Tools toolbar
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Hand draw
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Inverse circle
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Logarithmic curve
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You can adjust the two trackbars in Tools toolbar
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Logarithmic spiral
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You can adjust the two trackbars in Tools toolbar
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Oriented cycles
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Pentagram
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Polygone
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Settings button is available for Pentagone,
Hexagone or Octogone
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Price extensions
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Time extensions
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Sinusoid
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You can adjust the two trackbars in Tools toolbar
Rotated sinusoid from trendline in settings
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Square
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Standard or with Mosaic
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Equilateral triangle
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Standard or with Mosaic
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T
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Text
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You can write text in your charts
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Selection
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Used to show a bar info or to copy a trendline with a right
click
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Color
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Color
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F
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Font
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Clr
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Clear
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Reverse
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Reverse Log / Exp curves
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Flip
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Flip Log / Exp curves
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SQ9F
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Square of 9 Floating
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You can change Settings with button
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SQ144F
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Square of 144 Floating
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You can change Settings with button
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Square from center
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Standard or with Mosaic
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Triangle from center
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Standard or with Mosaic
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Conic from 5 points
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This drawing tool uses Scilab and C++
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Gann grid
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Speed Resistance Lines
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Normal or with price mirrored in Settings
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Fibonacci arcs
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You can change Settings with button
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Seed of life
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Gann square
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You can change Settings with button
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Fibonacci spiral
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You can adjust the two trackbars in Tools toolbar
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Archimed spiral
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You can adjust the two trackbars in Tools toolbar
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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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You can change Settings with button
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Circle given 3 points
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Rotated ellipses
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You can adjust the two trackbars in Tools toolbar
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VT
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Vector Text
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Vector Text: The background color is transparent. You can
stretch and rotate the text in menu "Windows" > "Objects
list"
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Time Ruler
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Time Ruler in minutes or hours or days or bars
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Price Ruler
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Price or indicator's Value Ruler with percent
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Speed Resistance arcs
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You can change Settings with button
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Schiff Pitchfork
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Standard, Modified or Inside Pitchfork with the Settings
button
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Gann Fan
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With price mirrored in settings
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Gann Box
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Free / Fixed in pixel / in price / in bars
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Triangle
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Mosaic / Fibonacci Triangles / Speed Res. Triangles
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Rectangle
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Fibo rect. / Speed Res. rect. / Fibo meth. 2 / Speed meth. 2
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Diamond
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With Fibo Diamonds / With Speed Res. Diamonds
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Rotated Rectangle
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Fibo rect. / Speed Res. rect. / Fibo meth. 2
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Arrows
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Arrow code/Thumbs/Arrow/Check/Stop/Sign
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