Charts

Drawing tools

Drawing tools

TT provides a number of powerful drawing tools to help you discover trends in the market. Drawing tools are accessed from the Chart menu.

  • To add a drawing, click the Drawing Tools icon and select the desired drawing tool from the menu. You can also click the Search icon to search for the drawing tool's name.

    Note: The selected drawing tool is active until you cancel it.
  • To cancel an active drawing tool, do any of the following:
    • Type Esc.
    • Select any other drawing tool.
    • Select the None drawing tool.
  • To edit or delete a drawing, right-click anywhere on a drawing object and select Edit or Delete from the context menu.
  • To remove all drawing objects, select the Clear Drawings tool.

Note: Drawing tools are not available for Price Distribution charts.

Drawing Tools Directory

None

Select None to deactivate all drawing tools.

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 to add and save the annotation.

Annotation example

Configuration options

Annotation 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.

Arrow example

Configuration options

Arrow 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.

Average example

Configuration options

Average options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the average line.
  • Pattern: Line style (Dotted, Dashed, Solid).
  • 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 descriptive text.

Callout example

Configuration options

Callout options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).
  • (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 channel might signal a deviation from the trend. The following example uses the channel to help you see an opportunity if a trade crosses a trend boundary.

Channel example

Configuration options

Channel options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Check

The Check tool places a checkmark on the graph, which you can resize and rotate.

Check example

Configuration options

Check options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Continuous

The Continuous tools allows you to draw multiple, connected line segements on the chart.

Selecting a new tool will automatically delete the final line from the chart.

Continuous example

Configuration options

You can set the options for each segment of the continuous line

Continuous options

  • Color Selectors: Colors to use for graph elements.
  • 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).

Crossline example

Configuration options

Crossline options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the arrow edges.
  • Pattern: Line style (Dotted, Dashed, Solid).

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.

Ellipse example

Configuration options

Ellipse options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the arrow edges.
  • Pattern: Line style (Dotted, Dashed, Solid).

Fibarc

The Fibarc tool draws semi-circles centered arouund a trend line, based on the number of selected Fibonacci ratios (38.2%, 50%, 61.8% and 100%, by default). 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.

Fibarc example

Configuration options

Fibarc options

For each Fibonacci number:

  • Whether to show an arc.
  • 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 (38.2%, 50%, 61.8% and 100%, by default). The area between adjacent lines is shaded to give additional visual cues for the arc regions. Like the Fibarc tool, the Fibfan tool can help you indentify potential areas of support and resistance.

Fibfan example

Configuration options

Fibfan options

For each Fibonacci number:

  • Whether to show the line.
  • Width of the line.
  • Style(Dotted, Dashed, or Solid) of the line.
  • Color of the line.

Fibonacci

The Fibonacci tool draws a line betwen the low and high points on a curve and then draws horiztonal lines extending from that line, based on the number of selected Fibonacci ratios (38.2%, 50%, 61.8% and 100%, by default). The area between adjacent lines is shaded to give additional visual cues for the regions. Like the Fibarc tool, the Fibfan tool can help you indentify potential areas of support and resistance.

Selecting Fibonacci allows you to draw a grid that divides the selected area into Fibonacci ratios. Left-click the desired midpoint on the chart and move your cursor to align the grid into the desired position.

Configuration options

For each Fibonacci number:

  • Whether to show the line.
  • Width of the line.
  • Style(Dotted, Dashed, or Solid) of the line.
  • Color of the line.

Fibtimezone

The Fibtimezone tool draws a series of vertical lines from a chosen starting time on the chart. Beginning at that point, the tool draws each line at the time that corresponds to the next number in the Fibonnaci series. The area between adjacent lines is shaded to give additional visual cues for the regions.

Fibtimezone example

Configuration options

Fibtimezone options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).
  • Opacity: Transparency of the line separating the shading regions.

Focusarrow

The Focusarrow tool places two arrows around a section of a graph. You can resize and rotate the arrows as desired.

Focusarrow example

Configuration options

Focusarrow options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Freeform

The Freeform tool allows you to draw irregular shapes on the chart.

Freeform example

Configuration options

Freeform options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Gannfan

The Gannfan tool draws a series of nine diagonal trend lines from a significant high or low point on the charge. These line are based on Gann angles. The middle trend of a Gannfan is drawn at a 45-degree angle form the point. Four additional lines are drawn at each Gann angle on both sides of that middle trend line. The areas are shaded to help you visualize potential areas of price support and resistance.

Gannfan example

Configuration options

Gannfan optiosn

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Gartley

The Gartley tool draws a continous line through five points, where each point is determined by specific Fibonacci ratios. The series of regions bounded by each set of consecutive segments forms a pattern. The general shape of this pattern that help indicate when a correction is occurring. According to Gartley, an "M" shape indicates a bullish correction, while a "W" shape can indicate a bearis correction.

Gartley example

Configuration options

Gartley optiosn

Line

Left-click the desired midpoint on the chart to use the Line tool to draw a straight, continuous line that is centered on the selected midpoint.

Line example

Configuration options

Line options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Pitchfork

The Pitchfork tool (also called Andrew's Pitchfork) is used to help identify trending markets support and resistance levels. It starts at a key high or low point and then finds the two points identifying the next swing in the market. From these three points, the tool draws lines in the shape of a pitchfork to help identify areas for possible price support and resistance.

Pitchfork example

Configuration options

Pitchfork options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Quadrant

The Quadrant tool locates the high and low prices on the chart and draws horiztonal lines that that divide the range into four equal regions, or quadrants. These regions can help you identify different price levels within that range.

Quadrant example

Configuration options

Quadrant options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Ray

The Ray tool allows you to draw a continuous line that begins at the point you left-click on the chart.

Ray example

Configuration options

Ray options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Rectangle

Use the Rectangle tool to shade a rectuangular region of the chart.

Rectangle example

Configuration options

Rectangle options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Regression

The Regression tool draws a line represening the slope between two prices over the selected time period.

Regression example

Configuration options

Regression options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Segment

Use the Segment tool to draw a short line segment between two points on the chart. Unlike lines created by the Line or Ray tools, segments are limited by their two points and do not extend infinitely in either direction.

Segment example

Configuration options

Segment options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the line.
  • Pattern: Line style (Dotted, Dashed, Solid) of the line.

Speedarc

The Speedarc tool is used to measure the rate at which price trends are rising or falling. You choose two points on the graph to defined the starting point (price and time) and the ending point of the region. The the tool then draws arcs at one-third and two-thirds of the time-price range.

Speedarc example

Configuration options

Speedarc options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Speedline

The Speedline tool is based on the Speed Resistance lines developed by Edson Gould. The first line is drawn between the low and high prices of the graph. The next two lines are drawn at one-third and two-third intervals. These lines can help you identify possible price support and resistance levels.

Speedline example

Configuration options

Speedline options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Star

The Star tool places a star on the chart.

Star example

Configuration options

Star options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Timecycle

The Timecycle tool can be used to identify cycles in price movement over time. The tool draws vertical lines at regular time intervals, shading the area between each set of lines. The resuling regions can help you visualize patterns in sequence.

Timecycle example

Configuration options

Timecycle options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Tirone

The Tirone tool can help identify possible areas of price support and resistance. From a selected time, the tool determines the high and low prices occurring after that point in time and caculates the difference between the high and low prices. It then draws a horizontal line at the top, bottom and median prices. It draws lines above and below the median line at intervals one-third and two-thirds of the price differnce. These regions can help you visualize potential price support and resistance areas.

Tirone example

Configuration options

Tirone options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Vertical

The Vertical tool draws a straight, vertical line when you left-click the desired point on the chart.

Vertical example

Configuration options

Vertical options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).
  • Axis label: Whether to show a label for the time represented by the line.

Xcross

The Xcross tool places an "X" on the chart.

Xcross example

Configuration options

Xcross options

  • Color Selectors: Colors to use for graph elements.
  • Line Width: Width of the lines.
  • Pattern: Line style (Dotted, Dashed, Solid).

Clear Drawings

Select Clear Drawings to delete all drawings from the chart.