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Drawing

"Technical-Analysis" Charting-package can’t be complete without drawing capabilities. Advinion Professional Chart™ supports several drawing objects, which complements the studies viewing.

Each drawing is easily created by a mouse pull and editable by double-clicking it with the mouse.

The complete drawing can be saved with the studies templates.

Shapes

You can draw simple shapes like circles, rectangles, triangles and texts by using the "Drawing > Shapes" menu.

Lines

You can draw simple lines by using the "Drawing > Lines" menu.

The optional lines are lines between the ticks, Trend line, Horizontal Line and Vertical Line.

Technical Analysis(Fibonacci Fans)

The very notion of the “Fibonacci fans” derives from the fan like appearance of the three trend lines shown at the figure. The Fibonacci fans are drawn using typical tops or bottoms. The three Fibonacci fans project into the future with slopes at 38.2, 50 and 61.8%.

Technical Analysis(Fibonacci Retracement)

Fibonacci retracements are a method of technical analysis for determining support and resistance levels. They are named after their use of the Fibonacci sequence. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two extreme points on a chart and dividing the vertical distance by the key Fibonacci ratios. 0.0% is considered to be the start of the retracement, while 100.0% is a complete reversal to the original part of the move.