Drawing Tools
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A broad range of intelligent drawing tools is available. These tools allow you to focus on trends, support and resistance, gaps, pivots, triangles, and other price patterns. Trend Lines, Andrews' Pitchfork, Fibonacci Arcs, Gann Fans, and other studies can be easily drawn with a mouse click. |
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Andrews' Pitchfork
This drawing tool helps predict the support and resistance areas in a trending market. It consists of three parallel lines—usually drawn from three consecutive major peaks or troughs.
Fibonacci Speed/Resistance Arc
This analytical drawing tool determines the direction and speed of trend reversal, and it indicates support and resistance levels. You can draw up to 11 arcs based on any selected distance percentages as well as Fibonacci percentages.
Fibonacci Speed/Resistance Fan
This analytical drawing tool indicates support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur. You can draw up to 11 lines based on any selected distance percentages as well as Fibonacci percentages.
Fibonacci Retracement
This analytical drawing tool examines support and resistance levels, as well as price breakouts. It is represented by a series of horizontal lines that intersect the trend line (drawn between two extreme points) at the Fibonacci levels or selected distance percentages.
Fibonacci Trend-Based Time Lines
This analytical drawing tool predicts future price corrections and examines support and resistance levels, as well as price breakouts. It is represented by a series of vertical lines at date and time levels, which show probable price corrections in the existing trend.
Fibonacci Time Zones
This analytical drawing tool is represented by a series of vertical lines, and it indicates significant price movements near them. These vertical lines are spaced according to the Fibonacci number sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, …).
Chart Analysis
Charting is one of the most important aspects of trading software. You need to see precise price movements to determine your next move. Charting software needs to be flexible, so that you can adjust any part of it to your particular needs. Charts also need to be reliable, so that you don’t experience any hold-ups or crashes while analyzing important information.Market Scanner
Real-Time Market Scanner is also known as a "screener", "radar screen", or “quote board” in other trading software. It’s an Excel-like sheet that is capable of showing thousands of streaming quotes and other important information. You can also add technical analysis indicators to quotes to get additional insight into the market.Strategy Backtesting
Strategy backtesting is an essential tool to see if your strategy works or not. Backtesting software simulates your strategy on historical data and provides a backtesting report, which allows you to conduct proper trading system analysis.
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Risk Warning:
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.
