How to draw options charts, Drawing Tools
Select None to deactivate all drawing tools.
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Annotation You may add text-based notes anywhere on the chart by selecting Annotation from the Drawing Tools menu. Once enabled, left-clicking the chart opens a text box that allows you how to draw options charts add and save the annotation. Configuration options Arrow You can use the Arrow tool to highlight parts of a chart. The following example uses arrows to highlight some entry and exit points on the chart.
Configuration options Color Selectors: Colors to use for graph elements. Line Width: Width of the arrow edges. Pattern: Line style Dotted, Dashed, Solid. Average The Average tool draws a line representing the average price between two points in time on the chart. The following example draws a line at the average price between two lows.
Line Width: Width of the average line.
Axis Label: Whether to display the most recent value on the Y axis. Callout The Callout tool lets you draw attention to specific points in the chart and provide how to draw options charts text. Line Width: Width of the lines.
Text Box : Text to display in the callout. Channel The Channel tool draws two boundary lines above and below the curve and shades the area between them to help you visualize the trend.
Future activity that occurs outside the spm trading reviews might signal a deviation from the trend.
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The following example uses the channel to help you see an opportunity if a trade crosses a trend boundary. Check The Check tool places a checkmark on the graph, which you can resize and rotate. Continuous The Continuous tools allows you to iku option reviews multiple, connected line segements on the chart.
Selecting a new tool will automatically delete the final line from the chart. Configuration options You can set the options for each segment of the continuous line Color Selectors: Colors to use for graph elements.
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Line Width: Width of the line segment. Pattern: Line style Dotted, Dashed, Solid of the segment. Crossline The Crossline tool draws perpendicular lines at a selected point in the chart, indentifying the intersection of a time X-axis and a price Y-axis.
Ellipse Left-click a midpoint to enable the Ellipse tool to draw an elliptical region centered around the selected point. Move your cursor to change the size and direction of the region. Fibarc The Fibarc tool draws semi-circles centered arouund a trend line, based on the number of selected Fibonacci ratios These arcs are typically used to identify potential areas of support and resistance.
The area between adjacent arcs is shaded to give additional visual cues for the fan regions. Configuration options Whether to show an arc.
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Width of the arc line. Style Dotted, Dashed, or Solid of the arc line.
Color of the arc line. Fibfan The Fibfan tool draws a line betwen the low and high points on a curve and then fans out additional lines based on the number of selected Fibonacci ratios The area between adjacent lines is shaded to give additional visual cues for the arc regions.
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Like the Fibarc tool, the Fibfan tool can help you indentify potential areas of support and resistance. Configuration options Whether to show the line. Width of the line.