StockChartsACP Line Tools

StockChartsACP Line Tools

StockChartsACP provides you with a wide variety of line-drawing tools. Each of the Line Tools available in StockChartsACP is listed and described below in more detail. These tools can be found by clicking on the Annotations (pencil and ruler) icon in the Chart Design menu and then looking for the Line Tools section.

Trendlines

After selecting the Trendline tool, clicking and dragging on the chart will create a new trend line using the current color/line style/arrowhead settings. Once a trend line is created, it can be selected and modified. To change the line's angle or length, click and drag the circles (“handles”) at either end. To shift the line's position without changing the angle, click on the center of the line and drag. Use the properties buttons at the top of the Annotations panel to change the line's color, opacity, line width and style, and/or arrowhead settings.

Notes:

  • To adjust an existing trendline to be perfectly horizontal or vertical, hold down the CTRL key (CMD on a Mac) while clicking and dragging on one of the handles. That handle will move so that it is perfectly aligned either horizontally or vertically (whichever is closer) with the other handle.
  • To toggle an arrowhead on and off, hold down the Shift key while clicking on the trendline.

For more information about trendlines and their interpretation, please see our ChartSchool article on Trendlines.

Extended Trendlines

An Extended Trendline is just a trendline that extends out indefinitely into the future, beyond the segment of the trendline that was originally drawn and at the same angle as that original segment.

After selecting the Extended Trendline tool, clicking and dragging on the chart will create a new extended trendline. Once an extended trend line has been created, it can be selected and modified. To change the line's angle or length, click and drag the circles (“handles”) that are at the beginning and end of the original drawn trendline segment. To reposition the line without changing the angle, click on the line (away from the handles) and drag. Use the properties buttons at the top of the Annotations panel to change the line's color, opacity, line width and style.

Infinite Trendlines

An Infinite Trendline is just a trendline that extends out indefinitely into both the past and the future, beyond the segment of the trendline that was originally drawn and at the same angle as that original segment.

After selecting the Infinite Trendline tool, clicking and dragging on the chart will create a new infinite trendline. Once an infinite trend line has been created, it can be selected and modified. To change the line's angle or length, click and drag the circles (“handles”) that are at the beginning and end of the original drawn trendline segment. To reposition the line without changing the angle, click on the line (away from the handles) and drag. Use the properties buttons at the top of the Annotations panel to change the line's color, opacity, line width and style.

Channel Lines

Channel Lines can help to identify areas of support and resistance on the chart by using two parallel trendlines. Draw the main trendline and then extend the channel above (for downtrends) or below (for uptrends) the price action. For more information on channels, please see our ChartSchool article on Price Channels.

After selecting the Channel tool, click once at the start of the main trendline, once at the end, and then a third time at the level where the channel line should be drawn. Once the channel has been drawn, it can be selected and modified. To change the channel's angle or length, click on the appropriate circle handle to adjust the start or end of the main trendline, or the distance of the channel line from the main trendline. To reposition the entire channel without changing its shape, click in the center of the channel (away from the handles) and drag it to the new position. Use the properties buttons at the top of the Annotations panel to change the channel's color, opacity, line width and style, and fill mode.

Vertical/Horizontal Lines

Horizontal Lines can be used to indicate support/resistance areas as well as trading ranges. Vertical Lines can be used to indicate the start/end of significant events or technical signals.

After selecting the Horizontal or Vertical Line tool, clicking on the chart will create a new horizontal or vertical line using the current color/line style settings. Once the line has been created, click and drag the line to reposition it on the chart. Use the properties buttons at the top of the Annotations panel to change the line's color, opacity, line width, and line style.

Parabolas

After selecting the Parabola tool, create the curved line of the parabola by clicking on the chart in three locations, those being the start, the apex, and the end of the parabola. Once the parabola has been created, the curve can be adjusted by clicking on any of the three circles (“handles”) to adjust the shape of the parabola. To reposition the parabola on the chart without changing its shape, click and drag on any part of the parabola other than the handles. Use the properties buttons at the top of the Annotations panel to change the parabola's color, opacity, line width, and line style.

Percent Change

The Percent Change tool allows you to measure the vertical percentage difference between prices on two different parts of the chart.

After selecting the Percent Change tool, just click and drag from one point to the other. A vertical percentage measurement will appear on the chart and change as you drag. Once the annotation has been added, it can be selected and modified. To change the location of the top or bottom of the percent change “ruler”, click and drag the circle handle at the top or bottom of the annotation. To reposition the annotation without changing the percent change measurement, click and drag on the lines of the annotation (away from the handles). Use the properties buttons at the top of the Annotations panel to change the annotation's color, opacity, line width, and line style.

Auto Support/Resistance Lines

An Auto Support/Resistance line automatically changes color depending on the location of the price bars. If the price bars are above the line, that part of the line is colored green (support). If the price bars are below the line, that part of the line is colored red (resistance).

After selecting the Auto Support/Resistance Line tool, clicking on the chart will create a new red/green line using the current opacity/line style settings. Once the line has been created, click and drag the line to reposition it on the chart. Use the properties buttons at the top of the Annotations panel to change the line's opacity, line width, and line style.

Auto Average

The Auto Average tool allows you to calculate the average closing price (or indicator value if used on an indicator panel) for the data points encompassed by the annotation. The Average line will automatically be drawn at the level of the average price.

After selecting the Average tool, click at the start of the timeframe you wish to measure, and drag to the end of the timeframe you want to measure. Once the annotation has been created, it can be selected and modified. To change the timeframe, click and drag on the circle handle at the beginning or end of the timeframe. To reposition the annotation without changing the length of the timeframe, click on the line (away from the handles) and drag to the new position. Use the properties buttons at the top of the Annotations panel to change the annotation's color, opacity, line width, and line style.