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click for a larger image |
Unlike the Arc tools, the Parabola is an ever expanding construction based upon a power law.
As can be seen from the image, the Vertical movement increases in rate proportionally to the increase in the X axis, that is, in time.
Looking at the image, we can see how the market can indicate a change in trend when it finally moves outside the bounds of the Parabolic Arc. This is a similar concept to the use of Ellipses, which is also connected with standard Arc toolset.
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- Select the button for Parabola Lines from the Toolbar.
- Move the mouse pointer over the starting position for the Line. This may be either a high or a low price.
- Press the left mouse button, and , keeping it pressed down, drag the mouse pointer to the desired end point and release the left mouse button.
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 The property editor as well as other functions may be accessed by holding the mouse pointer over the indicator line and Clicking the Right Mouse button. A popup menu will appear ( see picture ).
The user may then open the Indicator Property Editor, move the Line above or below other indicators, hide the Parabola or delete the Line from the Chart. |
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The property editor as well as other functions may be accessed by holding the mouse pointer over the indicator line and Clicking the Right Mouse button. You can also access the Property Editor directly by 'Double Clicking' on the line. All the basic drawing tools share the same property editor allowing the user to alter the following properties:
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page. |
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