Drawing Tools can be applied, moved, and formatted, directly on a chart, providing tremendous flexibility. Many drawing tools allow you to analyze new data on a chart by extending the drawing object to the left or to the right of the chart. You can use them to call attention to any area of a chart you wish.
Description:
A non-analytic tool for pointing out the important locations in market movements.
Usage:
Using the Arc You can mark out important moments on the chart. Besides using the Arc separately, You can use Arcs together with analytical tools. You can use Arc and then use an analysis technique that identifies something important. Combining non-analytical drawing tools with analytical tools allows you to understand how good are You in identifying important market situations before using analytical techniques in your chart.