Speed Resistance Lines divide a trend into thirds, and create support / resistance lines for the following price movements.
You need two reference points (A and B) to draw the base line. Both reference points are positioned at recent consecutive pivots (for example, a high and the following low). The vertical distance between the two reference points (shown as an auxiliary blue dotted line on the picture below) is divided into thirds. Two additional lines are drawn from point A through the 1/3 level and the 2/3 level.
You can change the color and style of the Speed Resistance Lines: See Customizing Speed Resistance Lines.
▪ Click on the Speed Resistance Line icon on the Drawing toolbar:
▪ Click on the chart at the first reference point of your base line (A) and hold the mouse button down.
▪ Move the mouse pointer to the second reference point of your base line (B) and release the mouse button.
You can extend the Speed Resistance Lines to the right by using extension points: See Extending and Shortening Lines with Extension Points. To hide some of the lines, see Hiding and Showing Lines / Levels with Visibility Points.