Forex chart drawing tool

It has been shown to have an impressive record of identifying and anticipating turning points across the FX, bond, equity and commodity markets. Furthermore, the indicators provide signals not only on a daily chart but also intraday. It identifies when a trend is becoming, or has become, exhausted. It also calculates stoploss levels. You can pinch zoom to change time frames easily.

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Touch the price candle to display information. About Trendlines: A trend line is a bounding line for the price movement of a security. A support trend line or a bottom line is formed when a securities price decreases and then rebounds at a pivot point that aligns with at least two previous support pivot points.

Trendlines are considered by many expert traders to be the single most important tools in technical analysis. However, Support and Resistance breakout and Triangle patterns are just example of patterns formed by trendlines. This app automatically draws and screens for stocks with specific patterns.

Fibonacci Retracement and text annotation tools. Others will available upon requests.

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Reviews Review policy and info. Then use Crosshair cursor as always. Drawing of the lines is pretty easy: select the tool and then click once with the left mouse to set the first point in the case of the Vertical and Horizontal lines it will be only 1 point drag your mouse and click to set the second point. If you decide to cancel drawing - just click the right mouse button - it will cancel the operation.

Some tools like Poly line or Andrews' Pitchfork require more than 2 points to place. Each tool has its own properties. To edit them, right click on the tool and select Edit tool. You can also duplicate this tool or delete it with the help of this menu.

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To select the tool, please double-click on it with the left mouse button. You will see white points which you can move to change the shape and position of the tool. If you press the Delete button on the keyboard, then all selected tools in this chart window will be deleted.

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To deselect the tool, double-click on it with the left mouse button again. You can see these shortcuts through the Edit menu. Also in this menu, you can open the List of objects where you will see all tools that are currently added to a selected chart and change or delete any of these tools. To synchronize graphical tools on all charts and timeframes of one currency pair, use the button on the Paint toolbar.

When this mode is active all new graphical objects created on the one of the charts will appear on all of the charts with the same currency pair. For example, you can add a trend line to one chart and then it will appear on all of your charts.

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Similarly, graphical tools created on different charts with the same currency pair are connected. If you delete one, other tools related to it will be also removed from the rest of the charts.

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