Trend Lines

Trend Lines are a technical indicator where a straight line is drawn connecting a series of prices with either a clear downward or upward trend.

Traders incorporating trend lines into their strategy may look for prices breaking through a trend line to potentially identify changing trends.

Set up Trend Lines from the Insert > Trend Line menu or click on one of the trend line icons from the Chart Tool Bar.

Up trends are defined by a trend line that is drawn between two or more troughs (low points) to identify price support within the trend. Down trends are defined by trend lines that are drawn between two or more peaks (high points) to identify price resistance within the trend.

Regular	A regular trend line will allow you to draw a line anywhere on the chart.
Snap To	Using a Snap to trend line, will place the trend line on the open, high, low, or close of the trend being studied.
Fibonacci Studies	There are four popular Fibonacci studies: arcs, fans, retracements, and time zones. The interpretation of these studies involves anticipating changes in trends as prices near the lines created by the Fibonacci studies. StreetSmart Pro includes fan, arc, and retracement studies.
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%
Fibonacci Retracement	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%, and 261.8%. (Some of the lines may not be visible because they will be off the scale.)
Fibonacci Arcs	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.
Best Fit Regression	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.
Delete Selected	Click on the Trend line you wish to delete, then choose Delete Selected.
Clear All Trend Lines	Click to erase all trend lines.

Draw the Trend Line:

Once you have selected which Trend line to draw, left click at the spot on the chart where the line should start.
Hold the mouse button down and move it across the chart to the end point for the line.
Release the mouse button.

Label the Trend Line:

From the New trend line box, go to the Label field.
Type the name or description as you want it to appear on the chart.
Click OK.

Color of the Trend Line:

From the New trend line box, click on the Color palette.
Select the color you would like to have displayed.
Click OK once to get back to the New trend line box, then click OK again to apply the color.

TIP: Once a Trend line has been drawn, it can be moved. Moving the trend line is done by clicking on the line to modify and then either end of the line can be adjusted to fit the slope of the line to the chart.