Chart Lines and Objects

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
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.
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.
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. Right-click and select Edit to enter your note. You can also adjust the line pattern, weight and color, as well as selecting a Fill color. The Fill can be a gradient of two different colors, or select the same color in both boxes to give it a solid background. To have no color in the background, move the Opacity setting all the way to the left.
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. Right-click and select Edit to make changes to the object. You can adjust the line pattern, weight and color, as well as selecting a Fill color. The Fill can be a gradient of two different colors, or select the same color in both boxes to give it a solid background. To have no color in the background, move the Opacity setting all the way to the left. To adjust the shape of the object, click it so it becomes bold and grab one of the square anchors and drag it to reshape the rectangle or oval shape.
Arrow	To point to a specific spot on your chart, use the Arrow figure. Click on the chart to add the arrow. If you want to change the position, click on it so a gray square appears in the middle of it. At this point you can drag it to a new position. You may also right-click on the arrow to open the Edit window and change the Label or color of the arrow.