×

Sign up and get MultiCharts free

Use its powerful simulation mode with data included out of the box. Just fill out the form and start honing your trading skills with a few clicks.

Changes - MultiCharts
Open main menu

Changes

Trend Line

3,755 bytes added, 13:58, 27 February 2012
no edit summary
# Check the '''Use as Default''' check box to use these settings as the default settings when creating other Trend lines.
# Click '''OK'''.
 
 
<br>
=== Setting Calculation Type ===
 
# Access the '''Format Trend Line''' window.
#: To access the '''Format Trend Line''' window:
#:# Drag the cursor to the Trend line that is to be formatted.
#:# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, then double-click.
#::Or
#:# Drag the cursor to the Trend line that is to be formatted.
#:# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, then right-click.
#:# Select '''Format 'Trend Line'…''' from the shortcut menu.
#::Or
#:# In the '''<font color="blue">Format Objects</font>''' window select the '''Drawings''' tab.
#:# Select the Trend line that is to be formatted and press the '''Format…''' button.
# Select the '''Properties''' tab.
# In the '''Calculation type''' section select desired calculation type:
#* '''Freestyle''' - allows drawing a trend line in any angle and in any position. Using this calculation type one can select the desired time and price coordinates.
#: Note. Both time and price coordinates are available for this calculation type.
#* '''Extreme''' - allows drawing a trend line attached to the extreme values of the beginning and ending bars included in the trend line.
#: Note. Only time coordinates are available for this calculation type.
#* '''Fixed Point''' - allows drawing a trend line attached to a defined price (Open, High, Low or Close) of the beginning and ending bars included in the trend line. One should select the desired bar price type from the '''Fixed point''' drop-down list.
#: Note. Only time coordinates are available for this calculation type.
#* '''Regression''' - allows drawing a trend line as a linear regression line based on the bar price selected for all bars included in the trend line. One should select the desired bar price type from the '''Regression''' drop-down list to calculate the linear regression line.
#: Note. Only time coordinates are available for this calculation type.
# Click '''OK'''.
 
<br>
=== Setting Coordinates Precisely ===
 
# Access the '''Format Trend Line''' window.
#: To access the '''Format Trend Line''' window:
#:# Drag the cursor to the Trend line that is to be formatted.
#:# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, then double-click.
#::Or
#:# Drag the cursor to the Trend line that is to be formatted.
#:# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, then right-click.
#:# Select '''Format 'Trend Line'…''' from the shortcut menu.
#::Or
#:# In the '''<font color="blue">Format Objects</font>''' window select the '''Drawings''' tab.
#:# Select the Trend line that is to be formatted and press the '''Format…''' button.
# Select the '''Properties''' tab.
# In the '''Coordinates''' section enter the desired time coordinates in the '''Start Date''' and '''End Date''' fields or use the drop-down calendars.
# In the '''Coordinates''' section enter the desired price coordinates in the '''Start Value''' and '''End Value''' fields.
# Click '''OK'''.
 
<br>
== Cloning Trend Line ==
 
To clone a Trend line:
 
# Drag the cursor to the Trend line that is to be cloned.
# The cursor '''Pointer''' http://www.multicharts.com/img/wiki/cursors/Pointer.gif will change into '''Hand''' http://www.multicharts.com/img/wiki/cursors/Hand.gif, then right-click.
# Select '''Clone Drawing''' from the shortcut menu.
<br>
[[Category:Drawing_Tools]]