Trendlines

FCharts 2 User Manual ... Main Menu

You can draw a wide range of trendlines on your charts. This section explains how to draw, modify and delete these trendlines.

Access the Drawing Toolbar via any Chart Window

To set the trendline type, click the relevant icon on the Drawing Toolbar.

To set the colour of a trendline, click one of the colour boxes before drawing.

Watch the cursor as you move your mouse over trendlines. A double-ended arrow indicates you can move the end-point, while a cross with four directional arrows means you can move the whole line. When you see either of these mouse cursors, just left-click and drag to perform the move operation.

To copy a trendline, hold Ctrl and drag it to a new location.

To edit a trendline, hold the Alt key and click on it.

To delete a specific trendline, hold the Shift key and click on it.

Infinite Lines

Draw an infinite horizontal line

Click on the chart to draw an infinite horizontal line in the selected colour. This trendline will extend into the past and future, so you never have to edit the ends.



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Straight Lines

Draw a straight line

Click and drag to draw a straight line in the selected colour. If you hold the Ctrl key while dragging, the line will be locked to the starting price even if you move the mouse up and down. This is a big help when you're trying to draw horizontal support or resistance lines.



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Least Squares Lines

Draw parallel Least Squares lines

Least Squares Regression (LSQR) draws one line based on the Least Squares regression of the underlying price data, and another line parallel to the first.

Definition of Least Squares Regression (External Link)

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Target Lines

Draw your required entry and exit prices directly on the chart

In FCharts 1.x you had to edit each company record and manually enter your target buy and sell prices. In FCharts 2, just click and drag from high to low or low to high, right there on the chart. When you release the mouse, Target Buy will be set to the lower value, while Target Sell will be set to the upper.

As an added bonus, FCharts 2 will display the percentage difference between the two lines.

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