Vertical lines, Fibonacci vertical lines and cycle lines are all used to project a certain base period of time, which is set by you, into the future. By this, you can try to interpret the price development of a symbol based on time intervals, or cycles, to predict when for example the next significant move will take place.

These drawing tools need two reference points to define the first (base) interval. All other intervals are then calculated based on this reference interval.

▫ With the vertical lines tool (shown in red on the picture below), the distance between the reference points A and B is used to plot intervals with equal size as vertical lines on the chart. The lines are drawn all over the chart (to the right and left of the reference interval).

▫ With the Fibonacci vertical lines tool (shown in blue on the picture below), the distance between the reference points A and B is used to plot intervals that are placed at the numbers of the Fibonacci sequence (1, 1, 2, 3, 5, 8, 13, 21, 34 times the base interval). This means that the first two intervals will have the same size, the third interval will be double size, the fourth interval three times as big, etc. The lines are only drawn to the right of the reference interval.

▫ With the cycle lines tool (shown in green in the picture below), the distance between the reference points A and B is used to plot arcs of equal size on the chart. The arcs are drawn all over the chart (to the right and left of the reference interval).

Vertical lines and Fibonacci vertical lines use either the number of bars inside the reference interval to calculate its size, or the difference between the start date/time and the end date/time. All other intervals are then set accordingly based on the calculated size of the first interval. You can change the calculation method, and also adapt the color and style of the drawn lines: See Customizing Vertical, Fibonacci and Cycle Lines.

Cycle lines always use the number of bars to determine the size of the reference interval.

To draw vertical lines

▪ Click on the Vertical Lines icon on the Drawing toolbar:

▪ Click on the chart at the first reference point (A) and hold the mouse button down.

▪ Move the mouse pointer to the second reference point (B) and release the mouse button.

To draw Fibonacci vertical lines

▪ Click on the arrow next to the Vertical Lines icon on the Drawing toolbar, and then click on the Fibonacci Vertical Lines icon:

▪ Click on the chart at the first reference point (A) and hold the mouse button down.

▪ Move the mouse pointer to the second reference point (B) and release the mouse button.

To draw cycle lines

▪ Click on the arrow next to the Vertical Lines icon on the Drawing toolbar, and then click on the Cycle Lines icon:

▪ Click on the chart at the first reference point (A) and hold the mouse button down.

▪ Move the mouse pointer to the second reference point (B) and release the mouse button.