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Price Pattern Drawing Tool

by QuantShare, 3975 days ago
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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.


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Type: Custom Drawing Tool

Object ID: 1297


Country:
All

Market: All

Style:
Technical Analysis

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