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click for a larger image |
The Price Range % tool provides a mechanism for easily highlighting the range in Percentage terms on the Chart. Whilst at first glance this appears similar to the standard Price range tools there is a subtle difference.
Looking at the image provided, both these ranges are identical in price, however as can be seen there is a slight difference in the percentage movement. This is actually basic mathematics, however this anomaly comes into play when looking at large movements over long time periods. Its worth looking at movements in percentage terms, other then price terms, since over a longer period the market unfolds under power laws as opposed to simple price range movements. |
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- Select the button for the Price Range % 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 and a popup menu will appear ( see picture ).
The user may then open the Indicator Property Editor, Duplicate the Line, move the Line above or below other indicators 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 drawing tools share the same property editor allowing the user to alter the following properties:
- Line Color
- Line Width
- Label Font
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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