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The Price Squaring tool takes a specific price (usually a major high or a low ) and then makes projections forward and backward based up a set of user-defined divisions. This tool is best used when doing medium to long term forecasting as well as a confirmation tool when narrowing in on a price and time.
Referring to the graphic, we can place the Price-Price Squaring tool on a major high or low. This gives us a price reference point, and as can be seen on tpe graphic, the Price-Price Squaring tool will divide this range into the user specified divisions. The greater the Price then obviously, the greater the divisions are apart. |
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Version 5 introduces the concept of Highlights. This allows the user to define translucent colored regions between user defined regions as can be seen in the image above. The highlights are independent of the Divisions, allowing the display to show both Divisions and highlights simultaneously, or just the highlighted regions as shown in this display. |
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- Select the button for drawing Price Squares 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 Rectangle and Clicking the Right Mouse button. A popup menu will appear (see picture).
The user may then open the Indicator Property Editor, move the Square above or below other indicators or delete the Square 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 drawing tools share the same property editor allowing the user to alter the following properties:
- Start/End Line Color
- Line Width
- Label Font
- 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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- Add, Edit and Delete entries
- Toggle visibility of Divisions
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page. |
Page 3
- Add, Edit and Delete entries
- Toggle visibility of Highlights
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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