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    Analysis Tools

    Drawing Objects

    Like indicators, drawing objects are inserted in charts and used to perform market studies. Certain drawing objects, such as lines, are used to highlight price movement in a chart.

    Each drawing object, (including trend and horizontal lines), contains its own set of parameters that can be changed to alter the way object is displayed.

    Cross Tool and Cross Line

    Cross Tool and Cross Line are very similar analysis tools so we will refer them as one. Cross Tool is an analysis tool that allows you to view price values for a specific date or time increment in the chart, using the Data Info view window. The Cross Tool is helpful when analyzing relative moves of indicator and price plots, and spotting support and resistance levels. Displaying the Cross Tool automatically opens the Data Info view window.

    The Data Info window displays information on the symbol price, applied study and other drawing objects for the intersection at which the Cross Tool is applied.

    Analysis Tools


    Point & Figure Chart

    Point and figure charting is the oldest charting technique still used in trading. This type of chart, using only the high and low prices, displays the market activity as a continuous stream of changing prices, ignoring time.

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