Price Tools
  Price Range - Single
  Price Range % - Single
  Price Range - Twin
  Price Range % - Twin
  Price Retracements
  Price Extensions
  Price Extensions %
  Parallel Lines
  Horizontal Wedge
  Flexi Wedge
  Andrews Pitchfork
  Gann Fan Rising
  Gann Fan Falling
  Fibonacci Arc - Standard
  Rotated Ellipse
General
Basic Tools
Time Tools
Squares
Angles/Zero Lines
Stop Loss Tools
Indicators
Price Tools - Flexi Wedge
The Flexi Wedge tool allows the user to draw a free-form wedge shape on the chart. This shape is common with basic technical analysis pattern descriptions such as Flags and Pennants and unlike the horizontal wedge tool, provides the added flexibility to describe rising and falling wedge patterns on the chart. Once drawn the tool can be dragged both vertically and horizontally with each line able to move independently from the other. The center line is provided to display the point of control for the wedge shape.

Standard
click for a larger image
With Highlight
click for a larger image
The Highlight is provided so that the channel described by the Wedge is visually more obvious to the viewer.

Usage

  1. Select the button for drawing Flexi Wedge from the Toolbar.
  2. Move the mouse pointer over the starting position for the Line. This may be either a high or a low price.
  3. 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.
  4. You now have a second line attached to the mouse which can be placed anywhere on the chart surface by simply clicking once more.

Properties
The property editor as well as other functions may be accessed by holding the mouse pointer over the Wedge 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 Tool above or below other indicators, Duplicate the tool, hide the Wedge or delete the Wedge from the Chart.

Property Editor
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 drawing tools share the same property editor allowing the user to alter the following properties:
  • Start/End Line Color
  • Line Width
  • Set Center Line Color
  • Toggle visibility of Center line
  • Translucent Color
  • Translucent Visibility
  • Translucent Strength
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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