Shapes
Circle (Alt + O)
A versatile tool for highlighting significant chart areas.
Usage
- Highlight important price areas
- Mark peaks and valleys
- Identify overbought/oversold regions
- Draw attention to price spikes
Drawing Steps
- Select the Circle tool from the drawing toolbar or use Alt + O
- Click to set the center point
- Move cursor to desired radius
- Click again to complete the circle
Customization
- Line color and thickness
- Line style (solid, dashed, dotted)
- Fill color and transparency
- Enable/disable fill
Note: As chart scaling changes, the circle maintains its shape while chart proportions may change. This can affect which price areas remain highlighted.
Rectangle Tool (Alt + R)
The Rectangle tool provides a simple yet powerful way to highlight areas of interest on your chart. This versatile drawing instrument helps identify trading ranges, support/resistance zones, and key price regions.
Drawing a Rectangle
- Select the Rectangle tool or click Alt + R
- Click on the chart to set the first corner
- Drag to position the opposite corner
- Click again to complete the rectangle
Customization Options
Line Properties
- Change line color
- Adjust line thickness
- Select line type (solid, dashed, dotted)
Background Options
- Set background fill color
- Adjust transparency level
- Enable/disable background fill
Extension Features
- Extended Top: Extends rectangle infinitely upward
- Extended Bottom: Extends rectangle infinitely downward
- Extended Right: Extends rectangle infinitely to the right
- Extended Left: Extends rectangle infinitely to the left
These extension options are particularly useful for:
- Creating price channels that extend into future bars
- Highlighting support/resistance zones indefinitely
- Marking time periods with upper/lower boundaries
Triangle Tool (Alt + G)
The Triangle tool creates a three-sided shape for highlighting specific chart patterns and areas of interest. This tool is particularly valuable for technical analysis where triangular patterns frequently appear.
Drawing a Triangle
- Select the Triangle tool
- Click to place the first vertex
- Click again to set the second vertex
- Click a third time to complete the triangle
Customization Options
Line Properties
- Change line color
- Adjust line thickness
- Select line type (solid, dashed, dotted)
Background Options
- Set background fill color
- Adjust transparency level
- Enable/disable background fill
Practical Applications
The Triangle tool is ideal for marking classic chart patterns:
- Symmetrical triangles (converging trendlines)
- Ascending triangles (flat resistance, rising support)
- Descending triangles (flat support, falling resistance)
- Pennants and flags, etc.
Ellipse Tool (Alt + Shift + O)
The Ellipse tool creates oval-shaped highlights to emphasize important chart areas. More flexible than a circle, the ellipse can be stretched to cover elongated price regions or time periods.
Drawing an Ellipse
- Select the Ellipse tool (Alt + Shift + O)
- Click to set the starting point
- Drag to define the shape and size
- Click again to complete the ellipse
Customization Options
Line Properties
- Adjust line color
- Change line thickness
- Select line style (solid, dashed, dotted)
Background Options
- Set fill color
- Control transparency
- Enable/disable background fill
Practical Applications
- Highlight price gaps in the market
- Mark overbought or oversold regions
- Circle significant price peaks and valleys
- Emphasize divergence between price and indicators
- Identify seasonal or cyclical price patterns, etc.
Curve Tool (Alt + K)
The Curve tool creates a flexible curved line that can be adjusted to follow price movements that aren’t straight. Unlike straight trendlines, the curve can adapt to gradually changing market conditions.
Drawing a Curve
- Select the Curve tool (Alt + K)
- Click to place the starting point
- Click again to set the end point
- Adjust the curvature by moving the middle control point
- Click to finalize the curve
Customization Options
- Change line color and thickness
- Adjust line style (solid, dashed, dotted)
- No fill option - curve is a line only
Practical Applications
- Draw curved trendlines for non-linear price movements
- Map gradual transitions in market sentiment
- Highlight rounded tops or bottoms
- Create custom support and resistance curves
- Draw freeform annotations
Arc Tool (Alt + Shift + K)
The Arc tool creates a curved segment with fill capability. Unlike the Curve tool, the Arc forms a sector shape with the area between start and end points filled.
Drawing an Arc
- Select the Arc tool (Alt + Shift + K)
- Click to set the starting point
- Click to place the ending point
- Adjust the curvature using the control point
- Click to complete the arc
Customization Options
- Line color, thickness, and style
- Fill color and transparency
- Enable/disable background fill
Practical Applications
- Highlight cup and handle chart patterns
- Mark cyclic price movements
- Visualize price projections based on historical swings
- Identify rounded reversals
- Create Fibonacci arcs manually