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The Price to Time Square tool Squares a price into time. This means that a price is selected and, by converting that price into calendar or trading days, a projection is made based on a number 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-Time Squaring tool on a major high or low. This gives us a price reference point, and as can be seen on the graphic, the Price-Time 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 Extension levels, allowing the display to show both Extension levels and highlights simultaneously, or just the highlighted regions as shown in this display. |
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- Select the button for drawing Price-Time 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 to create a starting point.
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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
- Price Step used for Calculations
- Toggle Full Screen Vertical Lines
- Toggle Vertical Label display
- 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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Page 2
- Add, Edit and Delete entries
- Toggle Visibility of Extensions
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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