Drawing tools use graphical techniques, like trend lines, trend channels, support and resistance levels, Fibonacci retracements, Pivot Points and many more, to interpret the price development of a security. You can only use drawing tools in charts.

All drawing tools are available from the Drawing toolbar:

With these tools you can add different drawing objects to a chart. You can also customize their appearance, and in some cases the underlying calculation methods (for example for Pivot Points).

If you want to get a notification (sound, message or e-mail) when the time series or a study cross a drawing object, you can use intersection alerts: See Intersection Alerts.

Note             TeleTrader Software GmbH wants to point out explicitly that all examples in this manual were made up in retrospect and show an idealized situation. Interpretations of drawing tools are intended as a thought-provoking impulse and should in no way be understood as a recommendation to buy or sell a security.

Learn more:

Adding Drawing Objects to a Chart

Customizing Drawing Objects

Hiding and Deleting Drawing Objects