Trendlines

Trendlines can be used to highlight support and resistance levels, trends, chart patterns and overbought/oversold levels.

There are several different trendline options on the Draw menu:

Auto-Fit Trendline

Automatically fit a trendline by dragging your mouse above or below the selected data.

Manual Trendline

Manually fit a trendline to the data.

Linear Regression Line

Automatically fit a linear regression line by dragging your mouse over the selected data.

Horizontal Line

Fit a horizontal line by clicking at the selected level.

Vertical Line

Fit a vertical line across the entire chart by clicking at a selected point.
Also, right-click and select Apply to Project -- to apply the same line to all charts in a project.

Auto Fit Trendline

For an up-trend:

1. Select Draw >> Autofit Trendline on the chart menu or on the toolbar;
2. Drag your mouse below the price bars for the period that you want to draw a trendline;
   
3. Select from Closing Price (long time periods) or Highs/Lows (short-term);
4. The trendline will automatically fit to the lowest point and the second lowest trough in the given time period;
5. Drag the right anchor if you want to re-position the trendline.

For a down-trend:

1. Select Draw >> Autofit Trendline on the chart menu or on the toolbar;
2. Drag your mouse above the price bars for the period that you want to draw a trendline;
3. Select from Closing Price (long time periods) or Highs/Lows (short-term);
4. The trendline will automatically fit to the highest point and the second highest peak in the given time period.

Manual Trendline

1. Select Draw >> Trendlines on the chart menu, type R on your keyboard,
   or click on the toolbar.
2. Click your mouse at the point on the chart where you want to place the Trendline and drag it into position.

Horizontal Line

To create a horizontal line:

1. Select Draw >> Horizontal Line on the chart menu
   or click on the toolbar.
2. Click your mouse at the point on the chart where you want to place the horizontal line.

The Horizontal Line will automatically extend to the right-edge of the chart unless you adjust the default setting at Draw >> Draw Options >> Horizontal Lines >> Auto-extend as Default.

To Change a Normal Trendline to Horizontal

• Right-click the Trendline
• Select Horizontal Line on the list of properties

Vertical Line

To create a vertical line:

1. Select Draw >> Vertical Line on the chart menu
   or click on the toolbar.
2. Click your mouse at the point on the chart where you want to place the vertical line.

Apply To Project

To display the Vertical Line on all charts in your project:

• Right-click the Line
• Select Apply to Project on the list of properties

Auto-Extend Trendline

To automatically extend a trendline to the latest date:

• Right-click the Trendline
• Select Auto-extend Line on the list of properties

The Trendline will extend to the right-edge of the chart.

Halt Auto-Extend Trendline

To halt the AutoExtend, right-click on either anchor on a trendline and un-check AutoExtend Trendline.

Adjust Trendline

To drag one end of the trendline to a new position:

• Place your mouse over the end of the trendline and wait for the square to appear.
  
• Click the anchor at the end of the Trendline and drag to a new position.

Drag Trendline

To drag a trendline to a new position while retaining the existing angle:

• Place your mouse over the trendline (at any point except the anchors at the ends);
• Wait for the trendline to be highlighted and the hand to appear.
  
• Click and drag to a new position

Delete Trendline

• Click the Delete icon on the trendline toolbar.
• Then click on the trendline that you want to delete.

Alternatives:

• Double-click on the anchor at the end of a trendline
• Right-click on the anchor at the end of a trendline and select Delete Line

Hide Trendlines

• Right-click on the Trendline icon on the toolbar
• Clear the box next to Show Trendlines.

Display Hidden Trendlines

• Right-click on the Trendline icon on the toolbar
• Select Show Trendlines.

Delete All Trendlines

For a specific security

• Ensure that the correct security is open.
• Select Draw >> Delete All Lines.
• Click Yes at the prompt.

On a specific chart

• Right-click on the chart.
• Select Delete this Chart's Drawn Lines
• Click Yes at the prompt.

Next: Captions

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