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A Horizontal Line is an analytical drawing tool used to indicate price levels as well as the support and resistance levels. However, you should apply other analysis techniques to confirm price breakouts and make more precise decisions.
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== Inserting Horizontal Line ==
# Select one of three ways to insert a Horizontal line:
#* In the menu select '''Insert''', point to '''Drawing''' and click '''Horizontal Line'''.
#* Click the '''Horizontal Line''' http://www.multicharts.com/img/wiki/toolbar/37_Horizontal_Line.png icon on the '''Drawing''' toolbar.
#* Click the arrow next to the '''Drawing tools''' http://www.multicharts.com/img/wiki/toolbar/07_Drawing_Tools.png icon on the '''Main''' toolbar and select '''Horizontal Line''' from the menu.
# The cursor will change to the '''Horizontal line''' http://www.multicharts.com/img/wiki/cursors/drawings/Drawings_02.gif.
# In the Chart Area click where the Horizontal line to begin.
# Release the button.
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== Moving Horizontal Line ==
To move a Horizontal Line:
# Point the cursor at the Horizontal line that is to be moved.
# 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 keeping the left mouse button pressed drag the drawing tool to the desired position.
# Release the button.
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== Formatting Horizontal Line ==
In MultiCharts one can change the settings of the Horizontal line. All the changes are performed in the '''Format Horizontal Line''' window.
Each instance of a Horizontal line has its own '''Format''' window. The number (if there are 2 or more Horizontal lines in the same Chart Window) are shown in the titlebar of each '''Format Horizontal Line''' window.
One can change the settings of the Horizontal line: its color, style and weight. One can also choose to show or not the labels, select their font, style, size and the character set. It is possible to apply the strikeout or underline effects to the labels. If shown the labels can be displayed to the left, to the right, or in the middle of the Horizontal line. It is also possible to change the price coordinate of the Horizontal line.
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=== Setting Style ===
# Access the '''Format Horizontal Line''' window.
#: To access the '''Format Horizontal Line''' window:
#:# Drag the cursor to the Horizontal 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 Horizontal 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 'Horizontal Line'…''' from the shortcut menu.
#:: Or
#:# In the '''<font color="blue">Format Objects</font>''' window select the '''Drawings''' tab.
#:# Select the Horizontal line that is to be formatted and press the '''Format…''' button.
# Select the '''Style''' tab.
# In the '''Color''' section select any of the preset 40 colors or click the '''Others…''' button to select the custom color.
# From the '''Style''' drop-down list select the desired style.
# From the '''Weight''' drop-down list select the desired weight.
# Check the '''Use as Default''' check box to use these settings as the default settings when creating other Horizontal lines.
# Click '''OK'''.
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=== Setting Labels ===
# Access the '''Format Horizontal Line''' window.
#: To access the '''Format Horizontal Line''' window:
#:# Drag the cursor to the Horizontal 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 Horizontal 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 'Horizontal Line'…''' from the shortcut menu.
#:: Or
#:# In the '''<font color="blue">Format Objects</font>''' window select the '''Drawings''' tab.
#:# Select the Horizontal line that is to be formatted and press the '''Format…''' button.
# Select the '''Labels''' tab.
# Check or uncheck the '''Show Labels''' check box to display or hide the labels.
# Enter the desired font in the '''Font''' field or select it from the '''Font''' list.
# Enter the desired font style in the '''Font Style''' field or select it from the '''Font Style''' list.
# Enter the desired font size in the '''Size''' field or select it from the '''Size''' list.
# In the '''Effects''' group check or uncheck the '''Strikeout''' or/and '''Underline''' check boxes to display the labels struck out or/and underlined.
# From the '''Character Set''' drop-down list select the desired character set.
# From the '''Align''' drop-down list select the desired type of the labels' alignment.
# Check the '''Use as Default''' check box to use these settings as the default settings when creating other Horizontal lines.
# Click '''OK'''.
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=== Setting Coordinates Precisely ===
# Access the '''Format Horizontal Line''' window.
#: To access the '''Format Horizontal Line''' window:
#:# Drag the cursor to the Horizontal 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 Horizontal 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 'Horizontal Line'…''' from the shortcut menu.
#:: Or
#:# In the '''<font color="blue">Format Objects</font>''' window select the '''Drawings''' tab.
#:# Select the Horizontal line that is to be formatted and press the '''Format…''' button.
# Select the '''Properties''' tab.
# In the '''Coordinates''' section enter the desired price coordinate in the '''Value''' field.
# Click '''OK'''.
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== Cloning Horizontal Line ==
To clone a Horizontal line:
# Drag the cursor to the Horizontal 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.
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[[Category:Drawing_Tools]]