This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
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Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
The price pattern drawing tool allows you to select a price range to create a drawing item from prices in that range.
Once created, you can move this drawing item like any other item.
This price pattern drawing tool can useful in several ways:
- You can for example compare recent price movements with past movements
- Copy a specific pattern and see if it happened in the past
- Compare price movements of one stock to another one
- Create a list of patterns that are likely to be followed by a bullish move
Here is how the price pattern drawing item looks like on a chart:
Here is how it works:
- Select the price pattern drawing tool (From the bookmark panel)
- Click on a chart to select the first trading bar
- As you move your mouse, you can see the price pattern construction (It is composed of several lines - one for each trading bar)
- Click again on the chart to select the second trading bar and complete the drawing process
- Click on the drawing item then move your mouse while pressing on the left mouse button
- Right click on the drawing item to update the line color.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.