The highly customizable StreetSmart Edge® Chart tool enables you to draw a variety of objects, including trend lines, Fibonacci lines, annotations, and other shape objects.
The chart below describes each drawing tool available in the software. For instructions on using the Draw feature, see Chart Settings:Draw.
Get a demonstration and more information on drawing Chart lines and shapes.
Draw type | Description |
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Support line | Click on the chart to draw a green horizontal line where you identify a support level. |
Resistance line | Click on the chart to draw a red horizontal line where you identify a resistance level. |
Horizontal line | Click on the chart to draw a simple horizontal line. |
Vertical line | Click on the chart to draw a simple vertical line. |
Trend line |
Draws a line with two anchor points and the line extends to infinity. With your mouse pointer on the spot where you want to start the trend line, click and drag the other end of the line to the angle you want. To adjust the line, click on it so it becomes bold and grab the square anchor and drag it to a new position. You can also change the location of the anchor at the beginning of the line. |
Trend line (snap) | Draws a Trend line that "snaps to" the price point you specify: Open, Close, High, or Low. |
Linear Regression Trend line |
A Linear Regression trend line uses the least squares method to plot a straight line through prices so as to minimize the distances between the prices and the resulting trend line. Right-click on the line and select Edit to configure how many standard deviations away from the center trend line the upper and lower channel lines will be. |
Segment line |
Similar to a Trend line but does not extend to infinity. With your mouse pointer on the spot where you want to start the trend line, click and drag the other end of the line to the angle you want. To adjust the line, click on it so it becomes bold and grab one of the square anchors and drag it to a new position. |
Annotation |
Add notes to your chart with this tool. Click on the chart and drag the rectangle to the size you need.
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Fibonacci arc | This trend line separates the Fibonacci Arcs into a separate view. The three arcs, which center on the last point of the trend line you draw, help you identify where support and resistance may affect the price as a stock trends up or down. You can choose to show the percentage labels by clicking Show Levels. |
Fibonacci retrace | Lines are displayed by first drawing a trend line between two extreme points, for example, a trough and opposing peak. A series of nine horizontal lines are drawn intersecting the trend line at the Fibonacci levels of 0.0%, 23.6%, 38.2%, 50%, 61.8%, 100%, 161.8%, 261.8%, and 423.6%. (Some of the lines may not be visible because they will be off the scale.) |
Fibonacci fan | Lines are displayed by drawing a trend line between two extreme points, for example, a trough and opposing peak. Then an "invisible" vertical line is drawn through the second extreme point. Three trend lines are then drawn from the first extreme point so they pass through the invisible vertical line at the Fibonacci levels of 38.2%, 50.0%, and 61.8% |
Rectangle/Oval |
Highlight areas of your chart using the rectangle or oval shapes. Click on the chart where you want to put the object and drag it to the size you need.
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Arrow |
To point to a specific spot on your chart, use the Arrow figure.
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