The Daily Price Lines tool can draw a variety of price lines on a chart. To apply the tool on a chart click the Daily Price Lines button on the Drawing Toolbar, and then click on the chart.
Properties
Click the Chart Objects button, select Daily Price Lines, then click the Properties button to open the Properties window for the tool.
- Labels Left/ Right - Place a check mark in the 'Labels Left' or 'Labels Right' boxes to display labels for each of the lines. Place a check mark in the 'Day Session' box to calculate the Daily Price Lines using only the Day Session bars. Evening session bars would be ignored.
Daily Price Line Types: The Daily Price Lines tool can plot horizontal lines at the following price levels. Make a selection from the 'Description' drop down list to specify a line type. The $ (price) Marker or the % (percent) Marker are often used with these line types.
- % Today - Enter a Percentage in the 'Level' entry box. Example: Enter 50 to plot a line at the midpoint of today's trading range.
- % Yesterday - Enter a Percentage in the 'Level' entry box. A line will plot based on Yesterdays range. Example: Enter 25 to plot at line at the 25% level of Yesterdays price range.
- % Day 3 - Enter a Percentage in the 'Level' entry box. A line will plot based on the price range of the 3rd day back.
- % Scale - Enter a Percentage in the 'Level' entry box. A line will plot base on the current chart scale from top to bottom. Example: Enter 50 to plot a line in the middle of the chart.
- Price - Enter a price in the 'Level' entry box. A horizontal line will plot at the specified price.
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Last modified 11/20/08 3:30 PM
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