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Lines

  • Updated

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Various lines can be applied to a price or indicator chart using the "Objects — Lines" items of the "Insert" menu or the "Line Studies" toolbar. The following line types are available in the platform:

 

Type

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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Trendline by Angle

Trendline by angle helps to explore trends in price changes. Unlike for a simple trendline, an angle must be set for this line to be drawn. Two points must be set through which a trendline will be drawn. 

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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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Arrowed Line

This object is a straight line with an arrow at its end. It is intended for drawing explanatory schemes in charts. Two points must be set for this tool to be drawn.