Chart Drawing Tools


Selecting Drawing Tools

To select a Chart Drawing tool to use, select Tools on the menu and the specific Tool on the menu you would like to use. Additionally, there are several additional ways to select a tool:

  1. Right-click with your Pointer over the chart, and select the Tool on the chart shortcut menu. You will need to first add the Tools that you want to this chart shortcut menu if they are not already listed. To do this, select Global Settings >> Customize Chart Shortcut Menu.
  2. Use the keyboard shortcut. The keyboard shortcuts are shown on the Tools menu after the drawing tool commands.
  3. Use the corresponding Control Bar button. By default the Control Bar is displayed below the main Sierra Chart menu. You can detach it and move it anywhere. To add, hide or reorder the Control Bar buttons, select Global Settings >> Customize Control Bars >> Control Bar 1-8 on the menu. A Control Bar can be made visible by selecting Window >> Control Bars >> Control Bar 1-8.

A tool will remain selected until you select a different tool from the Tools menu or use one of the other methods to select a tool. To have no tool active, select Tools >> Pointer on the menu.

When a drawing tool is selected through the Tools menu, it will become active whenever you left click your Pointer on the chart. This may cause a problem any time you interact with the chart with a left click if you do not intend to actually use the tool.

There are two solutions to this. Select Tools >> Pointer to switch to the default pointer which is not an actual tool and does not perform any function. Additionally, refer to Using a Tool One Time, and Switching to the Default Tool, to use the feature to use a drawing tool one time and switch to the default drawing tool which can be the Pointer.

Creating Control Bar Buttons which Select Drawing Tool and Drawing Tool Configuration in One Step

It is supported to configure a Control Bar button which consists of selecting a particular Drawing Tool and Drawing Tool Configuration in one step. Follow these steps to accomplish this:

  1. Select Global Settings >> Customize Control Bars >> Control Bar #.
  2. In the Available Control Bar Commands list expand Tools - Custom Drawing Tool.
  3. Select one of the Custom Drawing Tool # commands and press the Add button.
  4. Make sure the Custom Drawing Tool # command is highlighted in the Selected Control Bar Commands list and press the Set Custom Tool button.
  5. Set the Drawing Tool that you want to switch to when selecting the Control Bar button.
  6. Set the Drawing Config that you want to use for the particular Drawing Tool. For more information, refer to Drawing Tool Configuration.
  7. Refer to the image below.
  8. Press OK. Press OK.
  9. By default Custom Drawing Tool buttons have the caption CDT# where the # is the Custom Drawing Tool number. To customize the caption or the description that displays when you hover over the button with your Pointer, follow the instructions in the Control Bar Button Properties section.
  10. When you select the CDT# button on the Control Bar that you have just added, the Drawing Tool be will be selected and the Drawing Configuration for the Drawing Tool will be selected all at the same time.

Keyboard Shortcuts for Custom Drawing Tool Buttons

To set a keyboard shortcut for a Custom Drawing Tool button, follow the instructions below.

  1. Select Global Settings >> Customize Keyboard Shortcuts.
  2. In the Commands list expand Custom Drawing Tool Keyboard Shortcuts list.
  3. Select the particular Custom Drawing Tool number that you want to set a keyboard shortcut for.
  4. For further details refer to the Customize Keyboard Shortcuts documentation.

Drawing Tool Configuration

To configure the default settings for a drawing Tool, select Global Settings >> Tool Configs >> [Tool Name] on the menu.

The Tool Configuration windows are the same whether you are setting the default configuration for the Tools or you are changing the Properties for an existing drawing on the chart.

Changes to the default Tool Configurations do not affect existing Chart Drawings you have drawn on a chart, only newly drawn drawings. To change the configuration for existing drawings, you need to right-click on a Chart Drawing and select Chart Drawing Properties on the shortcut menu displayed.

If you do not see the Chart Drawing Properties command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

Each drawing tool has 8 different configurations. For detailed instructions on how to set these different configurations, refer to Using Multiple Drawing Tool Configurations.

The following are descriptions of the settings for each drawing tool. Many of the Drawing Tools share the same settings. This documentation applies to all Drawing Tools.

Press the OK or Apply buttons on the Configuration/Properties window to save your changes.

Common Tool Configuration Settings and Chart Drawing Properties

  • Levels >> Color: This displays and sets the color for the level line.
  • Levels >> Style: This displays and sets the line style for the level line.
  • Levels >> Width: This displays and sets the line width in pixels for the level line.
  • Options >> Color: This displays and sets the color for the line.
  • Options >> Style: This displays and sets the line style for the line.
  • Options >> Width: This displays and sets the line width in pixels for the line.
  • Options >> Outline >> Color: This displays and sets the color for the line.
  • Options >> Outline >> Style: This displays and sets the line style for the line.
  • Options >> Outline >> Width: This displays and sets the line width in pixels for the line.
  • Levels >> : This is the Disable All Levels button. When this button is pressed, all of the levels will disabled and not displayed.
  • Levels >> : This is the Enable All Levels button. When this button is pressed, all of the levels will be enabled and displayed.
  • Levels >> : This is the Add level button. When this button is pressed, a new level will be added. When you click on the right side of a level just after the Width setting, a left arrow () will be displayed identifying it as the selected level. The new level will be added after the selected level.
  • Levels >> : This is the Remove level button. When this button is pressed, the selected level will be removed. When you click on the right side of a level just after the Width setting, a left arrow () will be displayed identifying it as the selected level. This selected level will be removed.
  • Levels >> : This is the Move Level Up button. When this button is pressed, the selected level will be moved up the list. When you click on the right side of a level just after the Width setting, a left arrow () will be displayed identifying it as the selected level.
  • Levels >> : This is the Move Level Down button. When this button is pressed, the selected level will be moved down the list. When you click on the right side of a level just after the Width setting, a left arrow () will be displayed identifying it as the selected level.
  • Levels >> All Same: When this button is pressed in, then all of the retracement/extension level lines will use the same Color and Width as the Tool (first level of the list) level.
  • Levels >> R (Reset): This is the reset button. When you press this button all of the levels will be set to the default settings. The percentages will be based upon the Fibonacci numbers. However, after resetting them you can use any percentages that you require.
  • Labels >> Copy Config Name To Text: When this option is enabled, the configuration name (Config Name) given to the active Tool Configuration you are using for the Drawing Tool that supports this option, will be copied to the Text for that Chart Drawing and will be displayed with that Chart Drawing. For more information about Config Name, refer to Using Multiple Drawing Tool Configurations.

    This option can only be enabled through the Drawing Tool Configuration window through Global Settings >> Tool Configs>> [Tool Name]. It cannot be changed through the Chart Drawing Properties window for an existing Chart Drawing. Additionally, changing the Config Name of a Drawing Tool Configuration will not change the Text on existing Chart Drawings.

    There are several Chart Drawings that support setting Text on them. For instructions to set the text on them, refer to Modify Text.
  • Glasses icon: This button hides and displays the Chart Drawing.
  • A: This button opens the Chart Drawing Alert window.
  • Anchors >> Date-Time: In the case when when you have opened the Chart Drawing Properties for a Chart Drawing, then you will have an Anchors tab on the Chart Drawing Properties window. This displays the Date-Time individually for points A1-A2, A-B, or A-B-C of the Chart Drawing.

    These are the anchor points of the Chart Drawing where you begin and end the Chart Drawing with your pointer when drawing it. These Date-Times can be modified.
  • Anchors >> Value: In the case when when you have opened the Chart Drawing Properties for a Chart Drawing, then you will have an Anchors tab on the Chart Drawing Properties window. This displays the value individually for points A1-A2, A-B, or A-B-C of the Chart Drawing.

    These are the anchor points of the Chart Drawing where you begin and end the Chart Drawing with your pointer when drawing it. These Values can be modified.
  • Anchors >> Swap Anchors: Swaps the values of the anchor point Date-Time and Value coordinates.
  • Anchors >> Flip Vertical: Flips drawing vertically. Supported drawings include pitchforks, lines, fans, and parallel lines.
  • Anchors >> Flip Horizontal: Flips drawing horizontally. Supported drawings include pitchforks, lines, fans, and parallel lines.

Common Tool Configuration Settings and Chart Drawing Properties for Gann Grid and Gann Fan

The following Tool Configuration Settings and Chart Drawing Properties apply to the Gann Grid and Gann Fan drawing tools.

  • Options >> Value Increment Per Bar Set From >> Second Point: In this mode, the second left click with your Pointer which sets the second anchor point will set the Value Increment Per Bar and it is stored within the Chart Drawing, which overrides the Chart >> Chart Settings >> Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) setting.
  • Options >> Value Increment Per Bar Set From >> From Tool: In this mode, you will be prompted for the Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) which is initially set to the value in the Tool Configuration window for the drawing tool. The value is stored within the Chart Drawing and overrides the Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) setting in Chart >> Chart Settings >> Advanced Settings 2.
  • Options >> Value Increment Per Bar Set From >> From Chart Setting: In this mode, you will be prompted for the Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) which is initially set to the value specified in Chart >> Chart Settings >> Advanced Settings 2 >> Value Increment per Bar in Ticks (Price Unit per Bar in Ticks). The Chart Settings value is updated and used for the Chart Drawing.

For complete details about what value you should enter for Value Increment per Bar in Ticks (Price Unit per Bar in Ticks), refer to the Value Increment Per Bar section.

Line | Ray | Extended Line

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Line | Ray | Extended Line tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Ext (First): This extends the first point of the line to the edge of the chart window.
  • Options >> Mark (First): This highlights with a small box the first point of the line.
  • Options >> Mark (Second): This highlights with a small box the second point of the line.
  • Options >> Ext (Second): This extends the second point of the line to the edge of the chart window.

Documentation for Line, Ray, Extended Line

Pitchfork | Pitchfork - Schiff Median | Pitchfork - Modified Schiff

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Pitchfork | Pitchfork - Schiff Median | Pitchfork - Modified Schiff tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display a pitchfork drawing level. Uncheck this setting to hide the level. For the level that is labeled Median , this is the centerline of the pitchfork drawing. For the level that is labeled BC , this is the connecting line for the B and C pitchfork lines. Any number of levels can be added or removed. There needs to be at least two levels added for a basic pitchfork drawing.
  • Levels >> Level %: This specifies the level position as a percentage. 1 = 1% and 100 = 100%. 100% is the percentage which represents the standard B and C pitchfork lines. If you want to reset to the default percentages, press the R button on the Configuration/Properties window. To have lines drawn automatically which are parallel to the B and C standard pitchfork parallel lines, then add the levels and enter a percentage for the parallel lines that you want drawn.
  • Options >> Enable AB Connecting Line: When this option is enabled, a connecting line between anchor points A and B will be drawn. The color and other properties of this line is set on the Levels tab of the Pitchfork Configuration/Properties window. The level is labeled AB.
  • Options >> Enable AC Connecting Line: When this option is enabled, a connecting line between anchor points A and C will be drawn. The color and other properties of this line is set on the Levels tab of the Pitchfork Configuration/Properties window. The level is labeled AC.
  • Options >> Extend / Extend Multiplier: When this option is enabled, the pitchfork lines extend to the edge of the chart window. The Extend Multiplier setting controls the amount of the extension. Zero is infinite. 1 will extend the lines 10 bars, 2 will extend the lines 20 bars, and so on.
  • Options >> Pitchfork Type: This option sets the pitchfork type. The choices are Andrews, Schiff and Modified Schiff.

Documentation for Pitchfork (Median Line Tool).

Price Retracement | Price Expansion | Price Projection

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Price Retracement | Price Expansion | Price Projection tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display a retracement or expansion/extension level. Uncheck this setting to hide the level. For the level that is labeled Tool , this is the sloping line for the Price Retracement/Expansion/Projection drawing. If Show is disabled for this level, then the sloping line will not be displayed unless you are actively drawing the drawing.
  • Levels >> Level %: This specifies the retracement or expansion/extension level as a percentage to draw in the tool drawing. You can add as many levels as you require and specify the percentages. The default percentages are Fibonacci numbers. 1 = 1% and 100 = 100%. If you want to reset to the default percentages, press the R button on the configuration window. Use positive percentages. Use negative percentages when you want an opposite level. For example, with the Price Retracement tool a negative percentage will give you an extension line. With the Price Expansion tool, a negative percentage will give you a retracement level.
  • Options >> Show Percent: When this option is enabled, the percent of each retracement/extension level line will be displayed.
  • Options >> Show Price: When this option is enabled, the price level of each retracement/extension level line is displayed.
  • Options >> Round To Tick Size: When this option is enabled, the retracement/extension level lines will be rounded and adjusted to the nearest Tick Size set in Chart >> Chart Settings.
  • Options >> Labels On Right: When this option is enabled, the Price and Percent labels are aligned to the right side of the retracement/extension horizontal lines.
  • Options >> Opaque Label Background: When this option is enabled, the text Price and Percent labels will be drawn with a nontransparent background. The chart bars will not be visible underneath these labels. Uncheck this option if you do not want the labels to cover the bars underneath. There is also the Chart >> Chart Settings >> Advanced Settings >> Draw Non-Highlight Chart Drawings Underneath Main Graph and Studies option that can alternatively be used to prevent these labels from overlapping the bars.
  • Options >> Enable Vertical Line: When this option is enabled, a vertical line will be drawn from the 0 to 100% retracement or extension levels and the horizontal positioning will begin at the last point of the A-B or A-B-C line of the Retracement/ Expansion/Projection drawing.
  • Options >> Start Drawing At End Point: When this option is enabled, the horizontal retracement/extension level lines will be drawn starting from the end point of the A-B or A-B-C line.
  • Options >> Extend Left: When this option is enabled, the horizontal retracement/extension level lines are extended to the leftside of the chart window.
  • Options >> Extend Right: When this option is enabled, the horizontal retracement/extension level lines are extended to the right side of the chart window.
  • Options >> Extend Multiplier: This option sets the multiplier when using Extend Left or Extend Right options. 0 will extend the lines to the left or right edge of the chart window, respectively. 1 will extend the lines 10 bars, 2 will extend the lines 20 bars, and so on.
  • Options >> Label Vertical Placement: This control sets the vertical placement of the Price and Percent labels for the horizontal retracement/extension level lines. The choices are Above, Centered, Below. When Labels On Right is disabled and you have selected Centered, then the right side of the labels will be aligned to the left edge of the retracement/extension lines rather than the left side of the labels being aligned to the left edge of the retracement/extension level lines. Therefore, this allows the labels to be more to the left, so they do not overlap the price bars.
  • Font Configuration: To configure the Font for the labels that can optionally be displayed by the drawings from all three of these Drawing Tools, select Global Settings >> Tool Settings on the menu. Modify the Global Chart Drawing Font by pressing the Select button in that frame.

Documentation for Price Retracement (2 point), Expansion (2 point), Projection (3 point) Tools.

Fibonacci Fan | Gann Fan

This section lists Tool Configuration settings and Chart Drawing Properties specific to the Fibonacci Fan | Gann Fan tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display Fan line at the specified level. Uncheck this setting to hide Fan line. For the level that is labeled Base , this is the original drawn line. For the level that is labeled Initial , this is the original drawn line and in the case of the Gann Fan, it cannot be shown.
  • Levels >> Level %: This specifies percentage for the Fan line to draw in the Fibonacci Fan drawing. You can add as many fan lines as you require and specify the percentages for each. The default percentages are Fibonacci numbers. 1 = 1% and 100 = 100%. If you want to reset to the default percentages, press the R button on the configuration window.
  • Levels >> Slope: This specifies the slope value for the Fan line to draw in the Gann Fan drawing. You can add as many fan lines as you require and specify the slopes for each of them. If you want to reset to the default slope values, press the R button on the configuration window.
  • Options >> Show Labels: When this option is enabled, then labels on the Fan lines will be drawn indicating the Percentage (Fibonacci Fan) or Slope (Gann Fan) value.
  • Options >> Opaque Label Background: When this option is enabled, the text labels will be drawn with a nontransparent background. The chart bars will not be visible underneath these labels. Uncheck this option if you do not want the labels to cover the bars underneath. Also, be aware of the Chart >> Chart Settings >> Advanced Settings >> Draw Non-Highlight Chart Drawings Underneath Main Graph and Studies option that can alternatively be used to prevent these labels from overlapping the bars.
  • Options >> Draw Labels At Line End: When this option is enabled, then the labels for the Fan lines will be drawn at the end of the Fan lines.
  • Options >> Draw Fan from Second Point: This option only applies to the Fibonacci Fan tool. When this option is enabled, then the fan lines which are based upon the specified percentages, will be drawn at the endpoint of the line that you originally drew with Fibonacci Fan tool.

Documentation for Fibonacci Fan / Percentage Fan / Speed Resistance Lines.

Documentation for Gann Fan.

Rectangle | Extending Rectangle | Ellipse | Triangle

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Rectangle | Extending Rectangle | Ellipse | Triangle tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Outline >> Color/Style/Width: The Color/Style/Width outline settings, display and set the color, style and draw width respectively for the outline around the Rectangle, Extending Rectangle, Ellipse, or Triangle drawing. The width can be set to 0 to not draw an outline.
  • Options >> Fill: When this option is enabled, then the interior of the Rectangle, Ellipse, or Triangle is filled in.
  • Options >> Fill Color: This displays and sets the interior fill color of the Rectangle, Ellipse, or Triangle.
  • Options >> Fill Color >> Transparency %: The interior is drawn using a transparent drawing method. This setting displays and sets the level of transparency as a percentage. 0% means there is no transparency and the interior is drawn as solid. 100% means the interior is not drawn at all. 50% means there is 50% transparency and what is below the Rectangle, Ellipse, or Triangle is partially visible.
  • Options >> Show Price Labels: When this option is enabled, then price labels are drawn on the Rectangle drawing representing the coordinate values. This does not apply to the Ellipse or Triangle Chart Drawings.
  • Options >> Labels On Right: When this option is enabled, the price labels are aligned to the right side of the Chart Drawing.
  • Options >> Opaque Label Background: When this option is enabled, the labels will be drawn with a nontransparent background. The chart bars will not be visible underneath these labels. Uncheck this option if you do not want the labels to cover the bars underneath.
  • Options >> Split Text Opposite Of Labels: When this option is enabled, the text is drawn on the opposite side of the price labels. This setting does not apply to the Ellipse or Triangle Chart Drawings.
  • Options >> Use Start Time: When this option is enabled, the time of the first Anchor point can be specified. The specified start time is used along with the date of the current point, allowing the Chart Drawing to always start at a specified time regardless of where the Pointer is clicked (Example: always start at beginning of session). This does not apply to the Ellipse or Triangle Chart Drawings.
  • Options >> Use End Time: When this option is enabled, the time of the second Anchor point can be specified. The specified end time is used along with the date of the current point, allowing the Chart Drawing to always end at a specified time regardless of where the Pointer is clicked (Example: always terminate at end of session). This does not apply to the Extending Rectangle, Ellipse or Triangle Chart Drawings.
  • Options >> First Point Is Center: When this option is enabled, the first Anchor point specifies the center of the ellipse instead of the first corner of the bounding rectangle. This option only applies to the Ellipse Chart Drawing.
  • Options >> Center Text Vertically: This applies only to Rectangle and Extending Rectangle drawings. When enabled, the text is split from the top label and centered vertically within the highlight. This option is also supported from ACSIL in the s_UseTool structure.
  • Options >> Center Price Labels On Level: This applies only to Rectangle and Extending Rectangle highlight drawings. When enabled, the price labels (and potentially the text) are centered on the upper/lower highlight level. This option is also supported from ACSIL in the s_UseTool structure.

Documentation for Rectangle | Extending Rectangle | Ellipse | Triangle.

Chart Calculator

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Chart Calculator tool.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Labels >> Tick Difference: When this option is enabled, the difference in price ticks based upon the Tick Size setting in Chart >> Chart Settings is calculated between the two points of the calculator line drawing and displayed. This is prefixed with DIT: (Difference in Ticks) on the chart calculator drawing.
  • Labels >> Currency Value: When this option is enabled, the difference between the two points of the calculator line drawing is calculated as a currency value, which considers the price value per tick, and is displayed on the calculator drawing. For correct calculations, you need to verify that the Currency Value Per Tick in Chart >> Chart Settings is set properly. Normally, this is automatically set.
  • Labels >> Price Difference: When this option is enabled, the difference between the two points of the calculator line drawing is calculated and displayed.
  • Labels >> Percentage Change: When this option is enabled, the percentage change between the two points of the calculator line drawing is calculated and displayed.
  • Labels >> Time Difference: When this option is enabled, the time difference between the two points of the calculator line drawing is calculated and displayed.
  • Labels >> Numbers of Bars: When this option is enabled, the number of bars the two points of the calculator line drawing spans across is calculated and displayed.
  • Labels >> Price: When this option is enabled, then the price of the second point of the calculator line drawing is displayed.
  • Labels >> Angle: When this option is enabled, then the angle of the calculator line drawing is displayed. It is critical to understand how this calculation is arrived at. For details, refer to the Value Increment Per Bar description.
  • Labels >> Volume: When this option is enabled, then the total Volume of the chart bars the Chart Calculator line is drawn across is calculated and displayed.
  • Labels >> ABDiff Volume: When this option is enabled, then the difference between the total Ask Volume and Bid Volume of the chart bars the Chart Calculator line is drawn across is calculated and displayed.
  • Labels >> Multiline Label: When this option is enabled, then each of the enabled calculations will be displayed on a separate line instead of a single line.
  • Labels >> Opaque Label Background: When this option is enabled, then the text labels will have a non-transparent background.
  • Labels Horizontal Align: This controls the horizontal alignment of the text labels displayed at the end of the calculator line.
  • Labels Vertical Align: This controls the vertical alignment of the text labels displayed at the end of the calculator line.

Documentation for Chart Calculator.

Text | Stationary Text

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Text | Stationary Text tools.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Text: This is the text that is displayed by the text drawing. In the case of when you are setting the configuration for the Text | Stationary Text tool, normally this should be left blank. If you specify text when configuring the tool, then whenever you use the Text | Stationary Text tool, then you will not be prompted for the text that should be displayed, and instead the text you specify here will be used. In the case where you are modifying the text of an existing text drawing on the chart through the Chart Drawing Properties window, then this sets the text of the specific drawing that you are modifying.
  • Options >> Text Color: The color of the Text.
  • Options >> Reverse Color: When this option is enabled, then the foreground and background colors of the Text are reversed.
  • Options >> Opaque Background: When this option is enabled, then the background of the Text completely covers any graphics underneath it. When this option is disabled, then any graphics underneath the Text will appear, only the actual text itself will cover the graphics, the surrounding background is not drawn.
  • Options >> Override Back Color: When this option is enabled, then a color control will appear allowing setting of the background color of the Text.
  • Options >> Font >> Use Global Font: When this option is enabled, then the Text will be drawn using the global Chart Drawing font set in Global Settings >> Tool Settings. When this option is disabled, than the font for the Text is what is specified within the Font frame.
  • Options >> Font >> Select: This button displays the Font Properties window for the font used for the Text.
  • Options >> Horizontal Align: This sets the horizontal alignment for the Text. The choices are Left, Center, Right.
  • Options >> Vertical Align: This sets the vertical alignment for the Text. The choices are Top, Center, Bottom.

Documentation for Type Text | Stationary Text.

Parallel Lines

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Parallel Lines tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display the line at the specified level. Uncheck this setting to hide a line. For the level that is labeled 1st Line, this is the original drawn line. For the level that is labeled 2nd line, this is the original drawn outer line.
  • Levels >> Level %: The percentage for the parallel line which is drawn relative to the first and second lines. You can add as many parallel lines as you require and specify the relative position as a positive or negative percentage value for each. If you want to reset to the default lines, press the R button on the configuration window.
  • Options >> Enable Vertical Lines: When this option is enabled, it connects the parallel lines on each side which creates a defined box style.
  • Options >> Mark Anchors: When this option is enabled, it highlights the base line with its start and end point.
  • Options >> Extend Forward: For Parallel Lines, this option is only available when modifying a current Chart Drawing. When enabled all of the lines are endlessly extended in the direction of the second point.

    When saving a Tool Configuration from the Save As Tab and the Extend Forward option is enabled, the Parallel Lines drawing is transformed into Parallel Rays. So this setting is not applied to Parallel Lines. It cannot be. It is always enabled with Parallel Rays only.
  • Options >> Extend Back: For Parallel Lines, this option is only available when modifying a current chart drawing. When enabled all of the lines are endlessly extended in the direction of the first point.
  • Options >> Allow Horizontal Shift: When this is enabled, the third drawing point can shift the parallel lines left and right in addition to up and down. When this is enabled, the optional Vertical Lines become connecting lines since they are no longer vertical.

Documentation for Parallel Lines.

Parallel Rays

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Parallel Rays tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display the line at the specified level. Uncheck this setting to hide a line. For the level that is labeled 1st Line, this is the original drawn line. For the level that is labeled 2nd Line, this is the original drawn outer line.
  • Levels >> Level %: The percentage for the Parallel Ray line which is drawn relative to the first and second lines. You can add as many Parallel Ray lines as you require and specify the relative position as a positive or negative percentage value for each. If you want to reset to the default lines, press the R button on the configuration window.
  • Options >> Enable Vertical Lines: When this option is enabled, it connects the parallel lines on each side which creates a defined box style.
  • Options >> Mark Anchors: When this option is enabled, it highlights the base line with its start and end point.
  • Options >> Extend Forward: For Parallel Rays, this option is always enabled. This means all of the lines are endlessly extended in the direction of the second point.
  • Options >> Extend Back: When enabled all of the lines are endlessly extended in the direction of the first point.
  • Options >> Allow Horizontal Shift: When this is enabled, the third drawing point can shift the parallel lines left and right in addition to up and down. When this is enabled, the optional Vertical Lines become connecting lines since they are no longer vertical.

Documentation for Parallel Rays.

Horizontal Line

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Horizontal Line tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Labels >> Price: When this option is enabled, a price label will be displayed with the horizontal line.
  • Labels >> Opaque Label Background: When this option is enabled, the background of the Price label will overlap whatever is behind it. Otherwise, it will be transparent.
  • Labels >> Horizontal Align: This sets the horizontal alignment of the Price label.

Documentation for Vertical Line | Horizontal Line | Horizontal Ray.

Horizontal Ray

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Horizontal Ray tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Ext (Left): When this option is enabled, the Horizontal Ray will extend to the left of the chart window. A Horizontal Ray can only extend left or right and not both.
  • Options >> Ext (Right): When this option is enabled the Horizontal Ray will extend to the right of the chart window. A Horizontal Ray can only extend left or right and not both.
  • Labels >> Price: When this option is enabled, a price label will be displayed with the horizontal ray.
  • Labels >> Opaque Label Background: When this option is enabled, the background of the Price label will overlap whatever is behind it. Otherwise, it will be transparent.
  • Labels >> Horizontal Align: This sets the horizontal alignment of the Price label.

Documentation for Vertical Line | Horizontal Line | Horizontal Ray.

Vertical Line

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Vertical Line tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Labels >> Date: When this option is enabled, a Date label will be displayed with the Vertical line.
  • Labels >> Time: When this option is enabled a Time label will be displayed with the Vertical line.
  • Labels >> Date & Time: When this option is enabled, both a Date and Time label will be displayed with the Vertical line.
  • Labels >> Opaque Label Background: When this option is enabled, the text label has a background covering over any other graphics on the chart to improve readability.
  • Labels >> Vertical Align: The sets the vertical alignment of the Date and Time labels.

Documentation for Vertical Line | Horizontal Line | Horizontal Ray.

Linear Regression

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Linear Regression tool and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display the line at the specified level. Uncheck this setting to hide a line. For the level that is labelled LR Line, this is the original drawn line. For the levels that are labelled 2 and -2 (default values), these are the original drawn outer lines.
  • Levels >> Std Dev: This is the number of standard deviations from the center linear regression line.
  • Options >> Enable Vertical Lines: When this option is enabled, it connects the parallel lines on each side which creates a defined box style.
  • Options >> Mark Anchors: When this option is enabled, it highlights the base line with its start and end point.
  • Options >> Extend Forward: When this option is enabled, all lines are endlessly extended in the direction of the second point.
  • Options >> Calc Based On: This sets which element of the chart bars, the linear regression calculation uses. The linear regression can be set to use the Open, High, Low, or Close values, or a combination thereof.

Documentation for Linear Regression with Channel.

Raff Regression Channel

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Raff Regression Channel tool and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display the line at the specified level. Uncheck this setting to hide a line. For the level that is labeled LR Line, this is the original drawn line. For the levels that are labeled 100 and -100 (default values), these are the original drawn outer lines.
  • Levels >> Level %: The percentage for the raff regression channel line which is drawn relative to the LR line. You can add as many raff regression channel lines as you require and specify the relative position as positive or negative percentages value for each. If you want to reset to the default lines, press the R button on the configuration window.
  • Options >> Enable Vertical Lines: When this option is enabled, it connects the parallel lines on each side which creates a defined box style.
  • Options >> Mark Anchors: When this option is enabled, it highlights the base line with its start and end point.
  • Options >> Extend Forward: When this option is enabled, all lines are endlessly extended in the direction of the second point.
  • Options >> Calc Based On: This sets which element of the bars, the raff regression channel calculation uses. The linear regression can be set to use the Open, High, Low, or Close values, or a combination thereof.

Documentation for Raff Regression Channel.

Arrow

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Arrow tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Fixed Arrow Head Size: When enabled it allows to resize the arrow head using the numeric value entry field “Arrow Head Length (Pixels):”.
  • Options >> Line To Arrow Head Ratio: This will set the size of the arrow if “Fixed Arrow Head Size:” is enabled.

Documentation for Arrow.

Time Expansion

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Time Expansion tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display the line at the specified level. Uncheck this setting to hide a line. For the level that is labeled Tool, Time Horizon, Time Start and Time End are the original drawn lines For the levels that are labeled 100 and higher (default values), these are the original drawn time expansion lines.
  • Levels >> Level %: The percentage for the time expansion line which is drawn relative to the Time Horizon line. You can add as many time expansion lines as you require and specify the relative position as positive or negative percentages value for each. If you want to reset to the default lines, press the R button on the configuration window.
  • Options >> Extend Verticals: When this option is enabled, it extends the vertical marker lines to full window height.
  • Options >> Standard Verticals: When this option is enabled, it extends the vertical marker lines to the height distance of point A and B.
  • Options >> Compress Verticals: When this option is enabled, it provides minimal vertical marker lines (default).
  • Options >> Opaque Label Background: When this option is enabled, it displays a dark background color behind the label to improve readability.
  • Options >> Top Label 1: This lets you specify a label value to be displayed on top of the marker lines.
  • Options >> Bottom Label 1: This lets you specify a label value to be displayed on the bottom of the marker lines.
  • Options >> Top Label 2: This lets you specify an additional label value to be displayed on top of the marker lines.
  • Options >> Bottom Label 2: This lets you specify an additional label value to be displayed on the bottom of the marker lines.
  • Options >> Time Analysis Based On: This lets you specify if the time analysis is based on Bars (default) or Time.

Documentation for Time Expansion.

Time Projection

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Time Projection tools and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Levels >> Show: Enable this setting to display the line at the specified level. Uncheck this setting to hide a line. For the level that is labeled Tool, Time Horizon, Time Start, Time End and Proj Start are the original drawn lines. For the levels that are labeled 100 and higher (default values), these are the original drawn time expansion lines.
  • Levels >> Level %: The percentage for the time projection line which is drawn relative to the Proj Start line. You can add as many time projection lines as you require and specify the relative position as positive or negative percentages value for each. If you want to reset to the default lines, press the R button on the configuration window.
  • Options >> Extend Verticals: When this option is enabled, it extends the vertical marker lines to full window height.
  • Options >> Standard Verticals: When this option is enabled, it extends the vertical marker lines to the height distance of point A and B.
  • Options >> Compress Verticals: When this option is enabled, it provides minimal vertical marker lines (default).
  • Options >> Opaque Label Background: When this option is enabled, it displays a dark background color behind the label to improve readability.
  • Options >> Top Label 1: This lets you specify a label value to be displayed on top of the marker lines.
  • Options >> Bottom Label 1: This lets you specify a label value to be displayed on the bottom of the marker lines.
  • Options >> Top Label 2: This lets you specify an additional label value to be displayed on top of the marker lines.
  • Options >> Bottom Label 2: This lets you specify an additional label value to be displayed on the bottom of the marker lines.
  • Options >> Time Analysis Based On: This lets you specify if the time analysis is based on Bars (default) or Time.

Documentation for Time Projection.

Zig-Zag

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Zig-Zag tool and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Ext (First): This extends the first point of a section of a zigzag line to the edge of the chart window.
  • Options >> Mark (First): This highlights with a small box the first point of a section of a zigzag line.
  • Options >> Mark (Second): This highlights with a small box the second point of a section of a zigzag line.
  • Options >> Ext (Second): This extends the second point of a section of a zigzag line to the edge of the chart window.

Documentation for Zig-Zag.

Cycle

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Cycle tool and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Cycle Number: This lets you specify the number of arcs drawn on each side of a Cycle drawing starting point.

Documentation for Cycle.

Gann Grid

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Gann Grid tool and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Angle: This specifies a value in degrees for the angle of the Gann Grid lines.

Documentation for Gann Grid.

Marker

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Marker tool and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Type: This sets the type of Marker to draw. It can be one of: Point, Dash, Square, Star, Plus, X, Arrow, Triangle, Diamond.
  • Options >> Color: This sets the color of the Marker Chart Drawing.
  • Options >> Size Based On Bar Spacing: When this option is enabled, then the size of the Marker Chart Drawing is based upon the spacing between the bars in the chart.
  • Options >> Size: This sets the size of the marker drawing in pixels.
  • Options >> Line Width: When the marker is a Dash, Plus, X, Arrow type, then this sets the width of the lines for these types of drawings in pixels.

Documentation for Marker.

Reward/Risk

This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Reward/Risk tool and drawings.

For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.

  • Options >> Line # >> Color: This displays and sets the color of the line.
  • Options >> Line # >> Style: This displays and sets the line style for line.
  • Options >> Line # >> Line Width: This displays and sets the line width in pixels.
  • Options >> Entry / Stop / Target >> Color: This displays and sets the color of the marker.
  • Options >> Entry / Stop / Target >> Marker Type: This displays and sets the marker type.
  • Options >> Entry / Stop / Target >> Size: This displays and sets the size of the marker drawing in pixels.
  • Options >> Entry / Stop / Target >> Line Width: This displays and sets the line width in pixels if this applies to the particular Marker Type.
  • Options >> Text >> Color: The displays and sets the color of the text.
  • Options >> Text >> Opaque Background: When this option is enabled, the background of the text is solid and hides what is already on the chart.
  • Options >> Text >> Text On Left: When this option is enabled, the text alignment is to the left.
  • Options >> Text >> Use Global Font: When this option is enabled, the the global Chart Drawing font setting is used.
  • Options >> Text >> Font: This displays and sets the font properties for the Chart Drawing text. Press the Select button to change the properties.
  • Options >> Show Ticks: When enabled will display the number of price ticks for the profit and loss values.
  • Options >> Show Points: When enabled will show the number of points for the profit and loss values.
  • Options >> Show Currency Value: When enabled will show the currency value for the profit and loss values.
  • Options >> No Auto Snap: If this option is enabled, and automatic snapping is enabled, then snapping will not be applied when using this drawing tool.

Documentation for Reward/Risk tool.

Using Multiple Drawing Tool Configurations

Each Drawing Tool in Sierra Chart supports 8 individual configurations that can easily be selected before you use that Drawing Tool.

You also have the ability to easily apply one of the 8 configurations to an already drawn drawing.

Once a Drawing Tool Configuration has been defined by following the instructions below, there is the ability to select both the Drawing Tool and Tool Configuration with one Control Bar button. Refer to Creating Control Bar Buttons which Select Drawing Tool and Drawing Tool Configuration in One Step.

  1. Select Global Settings >> Tool Configs >> [Tool Name] .
  2. You will see a Tool Configuration window similar to the one that is shown below. You will see TC1 (Tool Configuration #) through TC8 buttons on the right side of this configuration window with the word Load above them.

    All of the settings on this configuration window apply to the selected configuration number represented by the pushed in TC# button. For example, if the TC1 is pressed in, then all of the settings apply to that configuration.

    When you press a different TC# button, all of the settings will update and correspond to the configuration for that specific number. When you press a different configuration button, any changes you made for the current configuration are saved into the prior selected Tool Configuration number (TC#).

    When the Tool Configuration window is opened, the selected Tool Configuration number corresponds to the configuration currently selected through Tools >> Current Tool Config >> Config # for the active tool.

    Note: You will see the TC# buttons as Roman numerals instead if you have the option to use icons for Control Bar buttons enabled.



  3. Set all of the settings on the Tool Configuration window for the Drawing Tool, as you require.
  4. You can optionally enter a name for the current Tool Configuration number by specifying that name in the Config Name box on the Tool Configuration window. This name will also be displayed in the hover text when hovering over the corresponding Tool Configuration button (TC#) on the Control Bar. The Config Name cannot be set through the Chart Drawing Properties window for an existing Chart Drawing.
  5. When you are done with the settings, press OK to save them.
  6. Select the Drawing Tool from the Tools menu that you set a Tool Configuration for with the above steps. You can also select the Tool by using the corresponding keyboard shortcut for that tool. Or, press the corresponding Control Bar button for the tool that you want to use.
  7. Optionally select Global Settings >> Customize Control Bar >> Control Bar [#]. Go to the Tools list on the left and select Config #(1-8). Add as many Config # buttons to the Control Bar that correspond to the 8 Tool Configurations that you will be using. See image below for how these buttons look on the Control Bar after they have been added. They are the TC# buttons on the Control Bar.


  8. Press OK.
  9. Select Tools >> Current Tool Config>> Config # to select a specific configuration that you want to use for the active Drawing Tool. The Current Tool Configuration, applies to each individual Tool.

    For example, if you are currently using the Line tool and you have Config 1 selected, you switch to the Price Retracement tool and previously when using that tool you had Config 2 selected, then Config 2 will be selected when you switch to the Price Retracement tool.

    Alternatively you can press one of the TC# buttons that you may have added to the Control Bar that correspond to the particular configuration you want to use. These buttons will be disabled if you do not have a drawing tool selected.
  10. Use the Drawing Tool as you normally would, and the selected configuration number (Config #) will control the specific settings that are used for the Chart Drawing.

The Save As Tab and Saving the Current Drawing Configuration to a Different Configuration Number

Each drawing Tool can have up to 8 configurations (Package 3 and higher). To save the current configuration into one of the other 7 configurations follow the instructions below:

  1. Open the configuration window for the drawing tool by selecting Global Settings >> Tool Configs >> [Drawing Tool Name ].
  2. Configure the Tool as you require.
  3. Select the Save As tab. The Save As tab is present on the Tool Configuration window for all of the Drawing Tools. When you are setting the Chart Drawing Properties for existing Chart Drawing, you also have this tab.
  4. Optionally type a name into the Config Name text box. Press the TC# button that corresponds to the configuration number that you want to save the current configuration into.
  5. Press Yes to confirm.
  6. Press OK to close the Tool Configuration or the Chart Drawing Properties window. The configuration selected with the Load >> TC# button on the first tab of the Tool Configuration window will also be saved when you press OK.

Since the purpose of the Save As functionality is to allow you to save the current configuration for a drawing tool to another configuration number without having to manually reconfigure another configuration, it therefore only makes sense to choose a different configuration number than the current configuration selected with the Load >> TC# buttons on the first tab of the Tool Configuration window or the Chart Drawing Properties window. For example, you may be modifying the settings for configuration TC1, and want to also save those as configuration TC2. And then go back to the first tab and Load configuration TC2 and then make some small additional adjustments to that configuration.

Customizing Chart Drawing Shortcut Menu

The menu which displays when you right-click on a Chart Drawing can be customized. This menu is known as the Chart Drawing shortcut menu. To customize it, select Global Settings >> Customize Chart Drawing Shortcut Menu on the menu. Add the commands that you require and press OK. Throughout this documentation, when we say to right-click on a Chart Drawing, select a command, and you do not see the command listed on that menu, then you need to add it to this menu through the Customize Chart Drawing Shortcut Menu window.

Viewing Tool and Chart Data When Using Tools

When using a Drawing Tool or the Tools >> Chart Values tool, drawing tool data (including y-axis value), main price graph values, and chart study values are displayed in two different Values Windows:

Tool Values Window

The first way to view the drawing tool and chart data is with the Tool Values Window. To open the Tool Values Window, select Window >> Tool Values Window on the menu.

To customize what is displayed in the Tool Values Window, refer to help topic 67.

Compact Tool Values Window

The second way to view drawing tool and chart data is with the Compact Tool Values Window. This window displays less information and is more compact. It displays the chart values for the first graph in a chart region at the column being pointed to with one of the Tools.

To enable this window make sure there is a checkmark by Window >> Show Compact Tool Values Window on the menu. If that command is unchecked, then this compact data window will not ever become visible when using a Chart Drawing Tool or the Chart Values tool.

By default the Compact Tool Values Window only displays when you are actively using a Chart Drawing Tool or the Chart Values tool, unless Global Settings >> Tool Settings >> Chart Values >> Keep Compact Tool Values Window Always Visible With Tool is enabled and the Chart Values tool is active.

The data for the first graph in the specific Chart Region you are pointing to with one of the Tools, is displayed in Compact Tool Values Window, unless Global Settings >> Tool Settings >> Chart Values >> Compact Tool Values Window Shows Chart Region 1 Values Only is enabled.

The position of the Compact Tool Values window, is remembered for each individual chart. By default it will be located at the top left of the chart. As a chart window is moved, the Compact Tool Values Window will move with it. Although when maximizing or restoring a chart window, the Compact Tool Values Window will not move.

To not save the Compact Tool Values Window for each chart and have one constant location for it no matter which chart is being used, then disable the option Global Settings >> Tool Settings >> Save Compact Tool Values Window Position for Each Chart.

The Compact Tool Values window can be easily dragged anywhere on the desktop simply by left clicking anywhere on it with your pointer and dragging it. The window automatically resizes to fit the contents.

If you cannot see the Compact Tool Values Window, refer to Cannot See Values Windows.

The Compact Tool Values Window does not display the bar average values which may be enabled in Chart >> Chart Settings >> Advanced Settings >> Display Main Price Graph Values in Values Windows >> Settings. You will instead need to use the Tool Values Window for these values.

Horizontal Compact Tool Values Window

The Compact Tool Values Window can be displayed in a horizontal format as shown in the image below. To use this, enable Global Settings >> Tool Settings >> General >> Use Horizontal Compact Tool Values Window Layout.

Instructions to Use Compact Tool Values Window Equivalent to Old Status Bar

To use the Compact Tool Values Window in a way which is equivalent to the old Status Bar, refer to this Support Board Posting.

Changing the Font And Font Size for Values Windows

You are able to change the Font for the Tool Values Window and the Compact Tool Values Window. You may want to make the font smaller to display more text in less space. To Adjust the Font:

  1. Select Global Settings >> Graphics Settings on the menu.
  2. Select the Font tab.
  3. To change the Tool Values Window font, select the line in the list for the Text Windows Font.
  4. To change the Compact Tool Values Window font, select the line in the list for the Compact Tool Values Window.
  5. Press the Select button to open the font properties window for the selected list item.
  6. Change the font properties as you require.
  7. Press OK.
  8. Press the OK button to save the changes.

Cannot See Values Windows?

If you cannot see the Tool Values Window after enabling it from the Window menu, then select Window >> Reset Windows.

If you cannot see the Compact Tool Values Window when Window >>Show Compact Tool Values Window is enabled and while you are using a Tool, then select Chart >> Reset Child Windows and Window >> Reset Windows.

As long as a Tool is active and you are moving your Pointer around a chart window, you will see the Compact Tool Values Window displayed. You can left click with your Pointer directly on that window and drag it anywhere on your desktop.

Adjusting Drawings to Tick Size

When using a Drawing Tool in the main price graph in Chart Region 1, and you want the points of the drawing to adjust to the nearest tick based upon the chart Tick Size, then select Chart >> Chart Settings and enable Adjust Tool Values to Tick Size.

For complete instructions, refer to Having Tool Values Adjust to the Nearest Tick.

Remembering the Position of the Compact Tool Values Window for Each Chart

  1. Enable Global Settings >> Tool Settings >> Save Compact Tool Values Window Position for Each Chart.
  2. Enable Window >> Show Compact Tool Values Window.
  3. Go to a chart and activate it by left clicking on its title bar or anywhere on the chart window.
  4. Select Tools >> Chart Values.
  5. Left click on the chart to activate the Chart Values tool.
  6. The Compact Tool Values Window will display. Left click on it with your Pointer and drag it to the position you want relative to the chart window.
  7. Go to another chart and activate it by left clicking on its title bar or anywhere on the chart window.
  8. While the Chart Values tool is still active, position the Compact Tool Values Window on that chart as required.
  9. Repeat the appropriate steps above for each chart.
  10. Select File >> Save to save the Chartbook and the position of the Compact Tool Values Window for each chart.

Remembering the Size and Position of the Tool Values Window for Each Chart

The Tool Values window opened with Window >> Tool Values Window can have both its size and position remembered for each chart window.

To enable this feature, select Global Settings >> Tool Settings >> General from the menu and enable the option Save Tool Values Window Position for Each Chart.

Whenever you activate a different chart, the Tool Values window size and position will be restored to the prior state when last using it with that chart window.

The Tool Values window is a very useful window to use with the Chart Values tool to view detailed data for each chart column.

If the Tool Values window is not visible, you will need to open it with Window >> Tool Values Window. If you still do not see it, you may need to reset its position with Window >> Reset Windows and then try opening it again.

Customizing What Is Displayed in the Tool Values Window and the Compact Tool Values Window

The contents of the Tool Values Window and the Compact Tool Values Window can be customized. You can hide fields that you do not want to display. Refer to the following sections in Help Topic 67:

The image to the right displays a Compact Tool Values Window that only contains the OHLC values.

Color Settings for Tool Values Window and Compact Tool Values Window

The background color of the Chart Values, Tool Values and Compact Tool Values Windows is the same as the Chart Background color of the active chart. This is set through the Graphics Settings window.

The color of the names and values for the chart bars for the Main Price Graph in the Chart Values, Tool Values and Compact Tool Values Windows are the same as the Chart Text color which is set through the Graphics Settings window.

The color of the study Subgraph names and values for a study displayed in the Chart Values, Tool Values and Compact Tool Values Windows are based upon the Subgraphs color settings for the study, which are set on the Subgraphs tab of the Study Settings window for the study.

General Tool Settings

To open the General Tool Settings window, select Global Settings >> Tool Settings on the menu. This window has various general settings related to Drawing Tools.

Refer to the Chart Values Tool section, for information about the Chart Values settings on this window.

  • After Single Tool Use Change To: This setting allows you to automatically change to a specified default tool after using any other drawing Tool a single time. Choose the tool you want to automatically change to from the list.
  • Save Tool Values Window Position for Each Chart: When this option is enabled, then the Tool Values window position is saved for each individual chart. Therefore, when the Tool Values window is open, and you change the focus to another chart, the Tool Values window will be moved to the position and size it last had when using that chart.

    Or, if the Tool Values window is not visible you will see it moved to the same position and size when you display the Tool Values window when using a specific chart. This data is saved in Chartbook files. Therefore, you need to save your charts as part of a Chartbook for this information to be saved, when you reopen your charts.
  • Save Compact Tool Values (CTV) Window Position for Each Chart: When this option is enabled, then the Compact Tool Values Window position is saved for each individual chart. When changing to another chart, the Compact Tool Values window will display at the last position it was at, when using a Drawing Tool. Disable this option to use one common location for the Compact Tool Values window.

    When this option is enabled and the Compact Tool Values Window is displayed within the rectangle of a chart window, and the chart window is moved, the Compact Tool Values Window will be repositioned so that it maintains the same relative position to the top left of the chart that it had before. This only works when the chart window is active and it is moved. If a chart window is moved as part of a Window >> Tile operation, the Compact Tool Values Window will not move.
  • When Mapping Chart Drawings to Bars, Use Nearest Match Instead of Containing Match: For the documentation for this, refer to the Chart Drawing Date and Time Mapping section.
  • Adjust Regions Tool Always Active With Current Tool: When this option is enabled, then the Adjust Regions Tool is always active no matter what other drawing Tool is currently selected. For instructions to use the Adjust Regions tool, refer to Adjust Regions.
  • Support Vertical Scaling/Movement With Hand Tool: When this option is enabled, then when actively using the Hand Tool, vertical movement of the chart is possible when you left click and drag your pointer vertically on the chart.

    If you press and hold the Control key on your keyboard when dragging vertically on the chart, then the scale for the Chart Region you are dragging in, will compress and expand instead of being moved up and down.
  • Support Left Click to Select Chart Drawings: When this option is enabled, then when one of the following tools is selected from the Tools menu: Pointer , Chart Values, Adjust Regions, Hand, you are then able to left click on a Chart Drawing on the chart, to select it. When you left click again on that drawing, you are then able to Move or Adjust the drawing. For more information, refer to the Move Drawing and Adjust Drawing sections.
  • Support Drag For Chart Drawing Creation/Modification: When this option is enabled, it is possible to left click with your pointer, hold the left click, drag your pointer to a new location, and release, in order to draw a Chart Drawing with one of the Tools. This is an alternative method of drawing.
  • Require Drag to Start Drawing Modification: Undocumented.
  • Double Click On Drawing Brings Up Drawing Properties: When this option is enabled,you are able to double-click on a Chart Drawing to display the Chart Drawing Properties window for the drawing.
  • Keep Chart Drawing Selected After Modification: When this option is enabled, then after you modify a drawing such as a Move, Adjust or changing the Properties, it will continue to be selected by having handles drawn along the drawing.
  • Enable Drawn Volume Profile Selection: When this option is enabled, then this allows Volume Profiles which have been drawn with the Tools >> Draw Volume Profile drawing tool to be selected on the chart in the same way as any other Chart Drawing can be. The Volume Profiles can be erased, adjusted, or moved. For complete documentation, refer to Draw Volume Profile.
  • Select Drawn Volume Profile by Outline Only: When this option is enabled, then a drawn Volume Profile in a chart can only be selected by the boundary near its outline rectangle. For complete documentation, refer to Draw Volume Profile.
  • AutoSnap Sensitivity: When you have Tools >> Auto Snap on Creation or Tools >> Auto Snap on Adjust enabled, then this controls the sensitivity for automatically snapping to the Open, High, Low or Close values. You can choose one of the following: High, Medium, Low.
  • Include Open/Close In AutoSnap: When you have Tools >> Auto Snap on Creation or Tools >> Auto Snap on Adjust enabled, and this option is enabled, then the Open and Close of a bar will be automatically snapped to when you are close to these values when using a drawing tool.
  • Square Drawing Anchors: When this option is enabled, the anchor or end points of the Chart Drawing are highlighted with squares rather than circles, when drawing a new drawing or moving or adjusting a drawing.
  • Anchor Uses Drawing Color: When this option is enabled, the anchor boxes or circles at the endpoints of the drawing, when displayed, will be the same color as the Chart Drawing itself.
  • Anchor Color: When a Chart Drawing is drawn with anchor boxes or circles at the endpoints of the drawing, this color setting sets the color of those anchor boxes or circles.
  • Global Chart Drawing Font: This specifies the font properties for the text that is drawn with Drawing Tools that use text. Press the Select button to change the font properties. This font can be overridden and will not be used when Use Global Font is enabled in the Drawing Tool Configuration or Chart Drawing Properties if that setting is available.
  • Switch to Pencil Cursor in Draw Mode: When this option is enabled and when a drawing tool is currently selected on the Tools menu, you will see a pencil style pointer rather than the standard pointer you have configured through the Windows Control Panel.
  • Enable Delete Selected Drawing With Right Click: When this option is enabled and when a Chart Drawing is currently selected, like when it has been left clicked on with your pointer, a right-click operation with the pointer will cause the Chart Drawing to be deleted. Only enable this option if this is the kind of functionality that you require. For more information, refer to Erasing By Selecting and Right Clicking.
  • Use Compact Date Format For Drawings: This option currently only applies to the Horizontal Line and Swing Marker Drawing Tools. When this option is enabled, the date format when a date is set to be displayed with the drawing is in this format: DDMMMYY.
  • Prompt When Deleting All Chart Drawings: When this option is enabled, then when Tools >> Erase All Non-Text Drawings or Tools >> Erase All Text is selected, then there will be a prompt to confirm. Otherwise, there will not be.

Changing the Font Size For Text Displayed with Tool Drawings (Global Chart Drawing Font)

To adjust the size and other properties of Text that is displayed with Tool drawings, select Global Settings >> Tool Settings on the menu. Modify the Global Chart Drawing Font by pressing the Select button within that frame.

This font applies to all Chart Drawings which use text except for the Type Text and Stationary Text drawings.

The Global Chart Drawing Font only applies to the Type Text and Stationary Text Chart Drawings when Use Global Font is enabled for those drawings in the Chart Drawing Properties.

Automatic Snapping of Chart Drawing Ends to Open, High, Low or Close Bar Values

Automatic Snapping on Creation

A Chart Drawing being drawn can have the ends of the drawing automatically adjusted to the nearest Open, High, Low or Close value of a bar. This is called snapping.

To automatically snap the ends of the drawing you will be actively drawing to the nearest Open, High, Low or Close value of a bar, make certain there is a checkmark by Tools >> Auto Snap on Creation.

There is also a corresponding Control Bar button for this command. The Control Bar is below the main menu. The buttons on the Control Bar can be added, reordered and removed through Global Settings >> Customize Control Bars >> Control Bar 1-8.

As you are drawing a Chart Drawing with a Drawing Tool, the point of the Chart Drawing that you are currently setting, will automatically snap to the nearest Open, High, Low or Close value of a bar, if there is one of these values nearby.

To set the Auto Snap Sensitivity , select Global Settings >> Tool Settings >> General and set the Auto Snap Sensitivity. If you want to include the Open and Close values in auto snapping, then enable Include Open/Close in Auto Snap.

Automatic Snapping on Chart Drawing Adjustment

A Chart Drawing being adjusted can have the anchor point being adjusted, automatically adjusted to the nearest Open, High, Low or Close value of a bar. This is called snapping.

To automatically adjust the anchor point of a Chart Drawing being adjusted to the nearest Open, High, Low or Close value of a bar, make certain there is a checkmark by Tools >> Auto Snap on Adjust.

There is also a corresponding Control Bar button for this command. The Control Bar is below the main menu. The buttons on the Control Bar can be added, reordered and removed through Global Settings >> Customize Control Bars >> Control Bar 1-8.

As you are adjusting one of the anchor points of a Chart Drawing with a Chart Drawing Modification Function, the point of the Chart Drawing that you are currently adjusting, will automatically snap to the nearest Open, High, Low or Close value of a bar, if there is one of these values nearby.

To set the Auto Snap Sensitivity , select Global Settings >> Tool Settings >> General and set the Auto Snap Sensitivity. If you want to include the Open and Close values in auto snapping, then enable Include Open/Close in Auto Snap.

Controlling Display Order of Chart Drawings Relative to Graphs

Chart Drawings can be displayed above or below (beneath) the main price graph and study graphs in a chart (Z-Order). There are 2 options which control this. Select Chart >> Chart Settings >> Advanced Settings.

These options are as follows: Draw Non-Highlight Chart Drawings Under Main Graph and Studies and Draw Highlight Drawings Under Main Graph and Studies. Highlight drawings are Rectangle, Extending Rectangle, Ellipse, and Triangle.

When Highlight drawings are drawn above the chart bars, you may need to increase the transparency of them if necessary so that you can see the chart bars underneath them. Refer to Chart Drawing Properties for instructions to change the transparency of existing Highlight drawings.

Manage Chart Drawings

The Manage Chart Drawings window provides a list of all of the Chart Drawings on a chart organized by Symbol. Each Chart Drawing on a chart is associated with a particular chart Symbol.

To open the Manage Chart Drawings Window, select Tools >> Manage Chart Drawings Window.

Since a chart can have its symbol changed, there can be drawings for more than one symbol on the chart.

You are able to display all Chart Drawings on the chart or select a particular Drawing Type from the list box at the top to filter the list by the selected Drawing Type.

Set the Drawing Type to All to list all Chart Drawings on the chart.

After selecting a Chart Drawing in the list, press the Properties button to open the Chart Drawing Properties window and change any of its current properties.

Press the Show or Hide buttons to show or hide the drawing.

Press theDelete button to delete the drawing.

Press the Alert button to set the alert on the Chart Drawing if it supports an alert.

Press the Adjust to display a window to adjust the Chart Drawing up or down by a fixed amount. Use a positive number to adjust the drawing up, or use a negative number to adjust to the drawing down.

Undoing and Redoing Chart Drawing Operations

Chart Drawing operations include:

  • Inserting a Chart Drawing by drawing with one of the Drawing Tools.
  • Modifying a Chart Drawing by Moving or Adjusting it.
  • Modifying a Chart Drawing by changing any of its Properties.
  • Erasing a Chart Drawing.

You are able to undo or redo any of these operations. To undo one of these operations, select Edit >> Undo Chart Drawing. To redo one of these operations select Edit >> Redo Chart Drawing.

To the right of these menu commands you will see a shortcut key that can also be used for these commands. There are also corresponding Control Bar buttons for these commands. To add these buttons to the Control Bars, select Global Settings >> Customize Control Bars >> Control Bar #.

Using a Tool One Time, and Switching to the Default Tool

The Drawing Tool you use most often can be set as the default tool. Setting the default tool means that after one use of another Tool, the default Tool will be reselected automatically. To set the default Tool, select the Global Settings >> Tool Settings >> General tab. The default Tool is set with the After Single Tool Use Change To: drop down box.

If you want to use a drawing Tool just once, then you will want to select either Pointer or Chart Values. Otherwise, set it to None.

There is one special consideration when using this feature. When using a Drawing tool and you use the right Pointer button to cancel the drawing, then to switch back to the default tool you need to press the right Pointer button a second time.

Canceling a Tool Drawing During Drawing

When using one of the Drawing Tools and you want to stop the drawing and not complete it, this can be accomplished by right clicking with your pointer. When you do this, the operation will be canceled.

Drawing a Line with a Specific Angle or Slope

When actively drawing a Chart Drawing, the angle of the drawing line is displayed in the Compact Tool Values Window (Window >> Show Compact Tool Values Window) and in the Tool Values Window (Window >> Tool Values Window) as degrees (Deg:).

Refer to Viewing Tool and Chart Data When Using Tools for more information about these windows. Using this angle information with the Line tool and other tools, you can draw lines with a specific angle or slope.

For correct angle readings, you need to specify the Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) in Chart >> Chart Settings >> Advanced Settings 2.

This is used to determine the correct slope of the line. This setting is an integer and is specified as the number of price ticks. If the Tick Size specified in Chart >> Chart Settings for the chart is .25 and Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) is set to 4, then the actual Value Increment per Bar would be 1.

Gann Drawing Tools can prompt you for an update the value of this setting. The definition of Value Increment per Bar is the value of one unit price over one unit of time (bar). For example: With an actual Value Increment per Bar of 10, a rising 45 degree line will be one that rises 10 points for every bar.

A 45 degree line is a line with a slope of 1. The formula for slope is Rise divided by Run. A Line drawn across 2 bars, is considered a span of 1 bar.

It must be understood, that visually an angled Line generally will not match visually with the angle that you would expect relative to the sides of the monitor. The angle calculations are based upon units of prices and number of bars. This is completely independent of the pixel coordinate system of the monitor.

The general rule is that you will need a larger Value Increment per Bar if you have a large range of prices displayed or high values, and the opposite for a smaller range of prices and low values. You need to experiment and see what is best.

On Intraday charts using 1 as the Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) may be best. However, this depends upon the range of prices displayed. You may even want to use 10 if you have a large range of prices.

For Point and Figure Charts, the general rule is you should use a Value Increment per Bar which would be equivalent to the Box Size setting.

In the case of a Historical Daily stock chart, you may want to use a Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) of 50. You just have to experiment and see what is best.

Drawing Lines with Specific Angles

It is also possible to draw lines with specific angles by using the Gann Fan drawing tool.

Before using the Gann Fan drawing tool, select Global Settings >> Tool Configs >> Gann Fan . Select the Options tab. Select the Value Increment per Bar Set From >> From Tool option and set that value as required. Usually it needs to be set to 1 which is equivalent to the chart Tick Size.

Be sure to uncheck all of the Levels >> Slopes other than 1.

For complete documentation about Chart Drawing Configurations, refer to Drawing Tool Configuration.

Forward Projection Area

Charts have a Forward Projection Area, this is also known as the Right Side Fill Space, to support drawing Chart Drawings that project forward in time.

To view the Forward Projection Area on the chart, you need to click the right arrow on the horizontal scroll bar at the bottom of the chart or press the right arrow key on your keyboard. Either way, make sure the chart is first scrolled to the end.

The Right Side Fill Space can be locked by selecting Chart >> Lock Fill Space. Make certain it is unlocked before you increase or decrease the space on the right side of the chart, otherwise you will not be able to.

Once you have space on the right side of the chart which is known as the Forward Projection Area, you can freely draw Chart Drawings into that area.

The time intervals in the Forward Projection Area are based on the chart bar timeframe/period settings in the Chart >> Chart Settings window.

For an Intraday Chart, when the bar period is set with the Days-Min-Secs setting, the time intervals in the Forward Projection Area are based on this setting.

For Number of Trades, Volume, Range, Reversal, Renko, Delta, Price Change bars, the time intervals in the Forward Projection Area are based on the average time of the bars in the chart. The times in the Forward Projection Area do not include times outside of the Start Time and End Time settings in the Chart >> Chart Settings window.

For a Historical Daily Chart, the time intervals are based on the Days, Weekly, Monthly, Quarterly, Yearly setting in the Chart >> Chart Settings window.

Increasing the Number of Forward Projection Columns in the Chart

The number of forward projection columns after the last bar in the chart can be increased or decreased. Go to the chart and select Chart >> Chart Settings >> Advanced Settings . Adjust the Number of Forward Columns setting as required.

The default is 150. You may need to increase this as you require. Refer to Number of Forward Columns for further information.

Using the Maximum Amount of Space from Number of Forward Columns Setting

To take advantage of the maximum amount of space on the right side of a chart when using a higher Chart >> Chart Settings >> Advanced Settings >> Number of Forward Columns setting, follow these instructions:

  1. Increase the Chart >> Chart Settings >> Advanced Settings >> Number of Forward Columns setting to what you require.
  2. Unlock the fill space by removing checkmark from Chart >> Lock Fill Space.
  3. Decrease the spacing in the chart by pressing the Down Arrow key on the keyboard or by using the "Large Decrease Bar Spacing" Control Bar button. Decrease it to an absolute minimum. You will see 0 at the lower right of the chart when it is at the minimum.
  4. Press the right arrow on the scrollbar at the bottom of the chart to scroll the chart bars towards the left, so only 1 bar appears on the left of the chart.
  5. Optionally increase the timeframe of the chart bars until you see the Date-Times in the right side fill space that you require.
  6. As you may already have observed, any of the above only needs to be done to the extent that you require to get the Date-Times in the right side fill space that you require. You can then draw Chart Drawings into that right side.

Having Tool Values Adjust to the Nearest Tick

When using a Drawing Tool on the main price graph and you want the points of the Chart Drawing to adjust to the nearest price based upon the chart Tick Size, then follow the instructions below.

This feature is only supported for the main price graph in the chart and not other graphs displayed in other Chart Regions on the chart.

Select Chart >> Chart Settings.

Check to be sure the Tick Size and Price Display Format are set correctly for the symbol. To set them from the Sierra Chart Global Symbol Settings, press the Apply Global Symbol Settings button on the Chart Settings window.

Select the Advanced Settings tab.

Enable the Adjust Tool Values to Tick Size setting. By default the setting is enabled.

This option also applies to the Chart Values/Crosshair tool.

Also refer to Automatic Snapping of Chart Drawing Ends to Open, High, Low or Close Bar Values.

Chart Bar Values, Chart Tick Size and Adjusting Tool Values to Tick Size

When Chart >> Chart Settings >> Adjust Tool Values to Tick Size is enabled, then Chart Drawing anchor points are always adjusted to the Tick Size set in Chart >> Chart Settings >> Tick Size.

If the actual prices of the chart bars do not correspond to the Tick Size, then the anchor points of a Chart Drawing are not going to match properly to the Open, High, Low and Close values of the chart bars.

This can be a problem with Forex symbols where a Tick Size of 0.00005 may be used and the actual values of the chart bars have detail down to 0.00001 or even lower. It is also important to be aware that by default the price data in a Forex symbol chart is the midpoint of the Bid and Ask prices. For additional information, refer to Forex/CFD Market Data and Data Recording Modes.

The basic solution is to either disable the Chart >> Chart Settings >> Adjust Tool Values to Tick Size option or set the Chart >> Chart Settings >> Tick Size for the chart you are using the drawing tools with to the Tick Size which corresponds to the price values of the chart bars. In general it will need to match the Price Display Format setting for the chart. In the example below, you will need to use a Tick Size of 0.00001.

Locking Chart Drawings

Chart Drawings drawn with Drawing Tools can be locked. When a Chart Drawing is locked, this means that it will not be erased when selecting Tools >> Erase All Non-Text Drawings or Tools >> Erase All Text.

To lock a Chart Drawing follow these instructions:

  1. To add the Lock Drawing command to the Chart Drawing Shortcut Menu, refer to Customizing Chart Drawing Shortcut Menu for instructions.
  2. Right-click on the Chart Drawing and select Lock Drawing to lock it.
  3. To unlock the Chart Drawing right-click on the drawing and select Unlock Drawing.
  4. Chart Drawings can also be locked and unlocked through Tools >> Manage Chart Drawings Window.

Automatically Copying Chart Drawings to Another Chart

You are able to copy Chart Drawings from one or more charts automatically to another chart. Select Chart >> Chart Settings and specify the chart numbers in the Copy Chart Drawings from Chart #'s box. When the drawings are modified on the source chart, the copies on the destination chart will be automatically updated.

Showing or Hiding Drawings for Different Symbols

Since the symbol of the chart can be changed, the Chart Drawings from Tools that were drawn for other symbols can either be shown or hidden. To show the drawings select Chart >> Chart Settings and enable the Show Chart Drawings for Different Symbols. To hide the drawings disable this option.

In the case of when the chart is set to a futures contract symbol, after rolling over to the next futures contract month in the chart, rather than enabling Show Chart Drawings for Different Symbols, instead select Chart >> Update Chart Drawings to Current Symbol.

For further details, refer to Update Chart Drawings to Current Symbol.

Performing Drawings that Span More than the Window Width

It is possible to draw a Chart Drawing that spans more columns in the chart than are currently visible. To do this left click on the chart at the point where you want the drawing to begin and release the left pointer button.

Scroll the chart to the position where you want to end the drawing and left click again with your pointer to end the drawing.

Chart Drawing Date and Time Mapping

Chart Drawings drawn with Drawing Tools have one to three points. Each of these points are associated with a specific Date and Time and y-axis value. There are two different mapping methods that Sierra Chart can use to map the Date and Time of a point to a particular bar. One is a Nearest Match and the other is a Containing Match. The default is a Containing Match. Select Global Settings >> Tool Settings on the menu. To use a Nearest Match, enable the option When Mapping Chart Drawings to Bars, Use Nearest Match Instead of Containing Match.

Nearest Match: The Date and Time of a Chart Drawing point is mapped to the bar with the nearest matching Date and Time.

Containing Match: The Date and Time of a Chart Drawing point is mapped to the bar which contains this Date and Time. The time of each bar in a chart is its starting time. For example, if a Chart Drawing point has a time of 10:14, in a 5 min. chart, this drawing point will be mapped to the 10:10 bar and not the 10:15 bar. It would be mapped to the 10:15 bar in the case you are using a Nearest Match.

Controlling the Type of Pointer Displayed When Using Drawing Tools

When one of the Drawing Tools is selected from the Tools menu, the standard Normal Select pointer set in Windows for the Mouse is displayed.

When the Chart Values tool is selected from the Tools menu, the standard Precision Select pointer set in Windows for the Mouse is displayed.

When a Trade DOM window is attached to the main Sierra Chart window, the standard Normal Select pointer will always be used. For information about attaching a Trade DOM window, refer to Detaching and Attaching Windows.

Go to the Start menu on your Windows Taskbar. Select Control Panel >> Mouse. Select the Pointers tab.

Change the Normal Select and the Precision Select pointer to what you want to use.

Tools

Pointer

This tool shows the default screen pointer. It has no other function.

Although it is possible to support existing Chart Drawing selection by left clicking on them when this tool is active. This is supported if Support Left Click to Select Chart Drawings is enabled in Global Settings >> Tool Settings.

The Pointer tool should not be confused with the use of the word "Pointer" in this documentation which refers to the pointing device on your computer. As you move your pointing device around, it does cause the screen pointer to move as well. When the Pointer tool is active, then it performs no other function other than to show the screen pointer.

Chart Values/Crosshair

The Chart Values tool displays the values for each graph in the chart at the chart column that you are pointing to. These values are displayed in the Window >> Tool Values Window.

To use or activate the Chart Values tool, select Tools >> Chart Values/Crosshair on the menu. On the chart, click your Pointer left button once to activate the tool and display the chart values for the column that you are pointing to with your Pointer.

To deactivate the tool, left click your Pointer.

The chart values are displayed in the Tool Values Window. To display this window, select Window >> Tool Values Window on the menu to display this window if it is not already displayed.

If you see a checkmark by Window >> Tool Values Window, but the window is not visible, then select Window >> Reset Windows and reselect this command to display the Tool Values Window.

The values are also displayed in the Compact Tool Values Window. For more information about both of these windows, refer to the Viewing Tool and Chart Data When Using Tools section on this page.

Global Cursor

When using the Chart Values Tool, the Crosshair with that tool can be displayed on multiple charts at the same time to show the bars and price levels on other charts which correspond to the bar and price level the Crosshair is over, on the active chart.

To use this feature, enable the Tools >> Global Cursor On option on the menu. This is a global setting and applies to all charts.

Place the charts side-by-side so they are visible.

Select Tools >> Chart Value/Crosshair on the menu to select the Chart Values tool.

Left click on a chart to activate the tool. The Chart Values Crosshair will appear on all charts. On the other charts it will be on a corresponding bar according to the Date-Time of the bar it is over on the chart it is being used on.

In order to synchronize your charts by bringing into view the corresponding time on the other charts, enable the option Tools >> Synchronize Charts on the menu.

If you want to synchronize only the charts which have the same Link Number, then enable the option Tools >> Synchronize Linked Charts Only. To change the Link Number of a chart, select Chart >> Chart Settings >> Advanced Settings 2 from the menu. Select a number in the Link Number box in the Chart Linking frame.

Symbol Cursor

It is supported to use the Global Cursor only on charts that have the same symbol. This is known as the Symbol Cursor .

The Symbol Cursor works identically to the Global Cursor except that the Symbol Cursor only displays on charts that have the same symbol as the chart where the Chart Values tool is being used.

To enable the Symbol Cursor, select Tools >> Symbol Cursor.

Chart Values Tool Settings

The following Chart Values tool settings are located on the Chart Values tab in Global Settings >> Tool Settings.

Color of the Price and Time Boxes

This color setting displays and sets the color of the price box and time box that displays in the Values Scale and Time Scale regions of the chart, when using the Chart Values tool.

The Chart Values crosshair is combined with the background color using a mathematical operation so it may not appear exactly as the color that you select. You will need to try different colors until you get the appearance that you require. The reason for this combining of the color allows it to be removed by redrawing it using a different mathematical operation. This makes the Chart Values tool efficient when being used.

Crosshair Color

This color setting displays and sets the color of the horizontal and vertical lines for the Chart Values tool.

Crosshair Style

This setting displays and sets the line style of the horizontal and vertical lines for the Chart Values tool.

Crosshair Width

This setting sets the line width of the horizontal and vertical lines for the Chart Values tool.

Show Y Value and Time Boxes

This setting enables and disables the display of the vertical price (Y) and horizontal time boxes when using the Chart Values tool.

Show Crosshair Horizontal Line

This setting enables and disables the horizontal crosshair line which intersects the Pointer location. This is displayed when using the Chart Values tool.

Show Crosshair Vertical Line

This setting enables and disables the vertical crosshair line which intersects the Pointer location. This is displayed when using the Chart Values tool.

Keep Compact Tool Values Window Always Visible with Tool

When this setting is enabled, the Compact Tool Values Window will always be visible when the Chart Values tool is selected.

It will also be visible when another drawing tool is active and the Chart Values option Always On When Using Other Tools is selected.

Compact Tool Values Window Shows Chart Region 1 Values Only

When this setting is enabled, the Compact Tool Values Window will only show values for the first Chart Region.

Show/Hide Tool Values Window When Tool Activated/Deactivated

If you want the Tool Values Window (Window >> Tool Values Window) to be displayed when you activate the Chart Values tool and to be hidden when you deactivate the Chart Values tool, then enable this option.

Jump to End of All Charts When Global Cursor is on and Tool is Deactivated

If you are using the Chart Values tool with the Tools >> Global Cursor On and Tools >> Synchronize Charts options enabled, and you want to have all the charts moved to the last bar when you deactivate the Chart Values tool and the controlling chart is already showing the last bar, then enable this option.

For this to work properly the chart for which you are using the Chart Values tool on, must have the last bar in view.

Center Bars to Global Cursor Crosshair

When this option is enabled, and when using the Global Cursor option with the Chart Values Tool, the other charts where the Chart Values crosshair is displayed, will have the chart bar that the crosshair is over be centered to the chart. This allows you to look to the left and to the right of that bar and see all of the bars on either side of it.

Always On When Chart Values Tool Selected

When this option is enabled, the Chart Values tool will always be active when Tools >> Chart Values is enabled/checked.

As you move your Pointer around the chart window, the Tool Values windows will update. Refer to Viewing Tool and Chart Data When Using Tools for information about these windows.

None | Always On When Using Other Tools | Always Enabled When Using Other Tools

This control list three choices. Each one is explained below:

  • None: When this option is selected, neither of the below two options are active.
  • Always On When Using Other Tools: When this option is selected, the Chart Values tool is always on when one of the Drawing Tools is selected from the Tools menu.
  • Always Enabled When Using Other Tools: When this option is selected, the Chart Values tool is always enabled when one of the Drawing Tools is selected from the Tools menu.

    The difference between this option and Always On When Using Other Tools is that the Chart Values tool does not actually become active until the Drawing Tool becomes active when you left click the Pointer and begin the Chart Drawing.

    If you notice the Chart Values tool is out of sync with the Drawing Tool and it disables when you activate the Drawing Tool, then reselect the Drawing Tool from the Tools menu.

Date-Time Label Options for Intraday Charts

These options let you control exactly what Date and Time information is displayed in the Time box that displays in the Time Scale region of the chart when using the Chart Values tool.

These settings only apply to Intraday charts.

Adjust Regions

The Adjust Regions special chart tool adjusts the height of Chart Regions.

You can make them larger or smaller.

To select this tool, select Tools >> Adjust Regions on the main menu, press the corresponding Control Bar button (AR), or access it from the right-click chart shortcut menu.

Move your pointer over a chart region boundary. A horizontal dividing line will be displayed.

Left click with your pointer and hold. Move the pointer to adjust the height of the region to the desired height and release the left button.

One thing that you will notice is a useful feature, is that you do not have to be very precise and move your Pointer to within one pixel of the boundary. There is about a 4 pixel region above and below where you can left click your Pointer and drag to adjust the Chart Region height.

After you a change the heights of the Chart Regions, you may want to save your Chartbook by selecting File >> Save on the menu.

Also, if the studies on the chart are from a study collection on the Analysis menu, then you will need to save the Study Collection again in order to have the region heights saved with the Study Collection so they will be restored next time you apply the Study Collection. To do this select Analysis >> Studies. Select the Study Collection name in the Study Collections list and press the Save All button.

Maintaining Always Active State

To always have the Adjust Regions tool active select Global Settings >> Tool Settings. Select the General tab and enable Adjust Regions Tool Always Active with Current Tool.

Adjusting Chart Regions through Values Scale

In recent Sierra Chart versions it is now possible to adjust the height of the regions in the chart by hovering your pointer over the boundary between the regions in the Values Scale on the right side of the chart. There is no need to use in this case the Adjust Regions tool. Refer to the image below. As you hover over the boundary between Chart Regions, you will see a horizontal line displayed. Left click this line with your Pointer and drag to adjust to the new height and then release the left Pointer button.

Hand

The Hand tool is a tool that is used to drag the chart left and right by simply clicking and dragging anywhere on the chart. This is an alternative to using the scrollbar at the bottom of the chart.

You may be more comfortable using this method of scrolling the chart rather than using the scrollbar.

Vertical scrolling/movement is also optionally supported with the Hand tool.

For additional information and methods of selecting this tool, refer to Selecting Drawing Tools.

You are also able to select this tool through the Chart Shortcut Menu or through a Control Bar button.

To use the Hand tool select Tools >> Hand on the menu. Left click with your Pointer on the chart window and then drag left to move the chart towards the left and drag right to move the chart towards the right. Release the left Pointer button when you are done moving.

Vertical Movement and Scaling

The Hand tool can be used for vertical movement and scale changes. To enable this, select Global Settings >> Tool Settings >> General on the menu. Enable Support Vertical Movement/Scaling with Hand Tool.

When the Hand tool is active and you drag up and down over the main chart, the chart will be moved up and down . This is the very same action that occurs when you drag up and down in the Values Scale area on the right side of the chart and Interactive Scale Move is selected for the scale.

If there is no vertical scale change, then right-click on the Values Scale on the right side of the chart and make sure Interactive Scale Locked is not selected. If it is, select Interactive Scale Move/Range instead.

You can press and hold the Control (Ctrl) key on your keyboard and cause the chart scale to be compressed and expanded when you left click with your Pointer and drag up and down over the chart when using the Hand tool.

If you have any problems with moving the chart, then it is possible the scale has become out of expected alignment and you will need to reset the scale by selecting Chart >> Reset Scale. Or you can double-click in the Values Scale area on the right side of the chart. It is not as though something has gone wrong with the scale, rather it just needs to be reset to give you a default point from which to work from so you have an expected result.

You are also able move the chart up and down, and expand and compress the scale by using the Interactive Scaling feature which involves clicking and dragging on the right side Values Scale of the chart.

Chart Values Tool Always on When Using Hand Tool

It is supported to have the Chart Values Tool always on when using the Hand tool.

To do this enable Global Settings >> Tool Settings >> Chart Values >> Always On When Using Other Tools. For more information, refer to Chart Values Tool Settings.

Line, Ray, Extended Line

Description

The Line tool is for drawing a line that has 2 points and does not extend in either direction.

The Ray tool is for drawing a line that has 2 points and where the second point extends to the edge of the chart window.

The Extended Line tool is for drawing a line that has 2 points and where both points extend to the edges of the chart window.

All of these Drawing Tools can be used to draw vertical, horizontal, or any kind of lines you require on a chart.

Tool Usage

To use any of these tools, select Tools >> Line | Ray | Extended Line on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the tool configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. There are 8 configurations available. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer at the point where you want the first point to be and left click the Pointer. To complete the line, position the Pointer at the point where you want the second point to be and left click the Pointer again.

Tool Configuration

To configure the Line | Ray | Extended Line Drawing Tools, refer to the Drawing Tool Configuration section.

Cutting Lines

Rays, Extended Lines, and many other Chart Drawings can be cut by right-clicking on the Chart Drawing with your Pointer at the location that you want to cut it at and selecting the Cut Drawing Here command on the Chart Drawing Shortcut menu. If this command does not exist on the Chart Drawing Shortcut menu, it can be added. Refer to Customizing Chart Drawing Shortcut Menu for instructions.

Extending Lines

A Line or Ray can be extended by right clicking on the side you wish to extend and selecting Extend Drawing on the menu.

Making a Line Either Vertical or Horizontal

When drawing line, it is possible to make it horizontal or vertical very easily. As you are drawing the line, press the Control key on your keyboard. As you move your Pointer around, the line will become either horizontal or vertical. Continue to hold the Control key until you set the second point of the line. This method can also be used when you are Adjusting the Line.

Erasing

To erase a line Chart Drawing, refer to the Erasing Chart Drawings section.

Chart Calculator

Description

The Chart Calculator drawing to will perform the specified calculations between two points on the chart and display the results.

Refer to the Drawing Tool Configuration section to configure this drawing tool and specify what calculations to calculate and display.

Tool Usage

To select this tool, select Tools >> Chart Calculator on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

To use this tool, left click with the pointer on the chart to set the begin point. Move your pointer to where you want to end the line and left click again to set the end point.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

For angle readings to be correct, you must set the Value Increment per Bar in Ticks (Price Unit per Bar in Ticks) setting in Chart >> Chart Settings >> Advanced Settings 2.

Making a Line Either Vertical or Horizontal

When drawing a Chart Calculator line, it is possible to make it horizontal or vertical very easily. As you are drawing the line, press the Control key on the keyboard. As you move your Pointer around, the line will become either horizontal or vertical. Continue to hold the Control key until you set the end point of the line. This method can also be used when you are Adjusting the line.

Erasing

To erase a Chart Calculator drawing, refer to the Erasing Chart Drawings section.

Price Retracement (2 point) | Price Expansion (2 point) | Price Projection (3 point) Tools

This section documents the Price Retracement (2 point), Price Expansion (2 point), and Price Projection (3 point) tools.

Price Retracement

This tool is used to draw Retracement levels as horizontal lines which are based on 2 points. To select this tool, select Tools >> Price Retracement on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Using this tool involves drawing a line. To do this, left click with your Pointer on the chart to mark point A, move the Pointer and left click again to mark B. The line A-B represents the length of price move.

The retracement levels are calculated from these 2 points. If the line is down sloping, then the retracement lines will move upward starting from 0% at the bottommost point and the percentages will increase from this bottommost point. If the line is up sloping, then the retracement lines will move downward starting from 0% at the topmost point and the percentages will increase from this topmost point.

Price Expansion

This tool is used to draw Expansion/Extension levels as horizontal lines which are based on 2 points. To select this tool, select Tools >> Price Expansion on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Using this tool involves drawing a line. To do this, left click on the chart with your Pointer to mark point A, move the Pointer and left click again to mark B. The line A-B represents the length of price move.

The expansion/extension levels are calculated from these 2 points. If the line is down sloping, then the expansion lines will move downward starting from 0% at the bottommost point and the percentages will increase from this bottommost point. If the line is up sloping, then the retracement lines will move upwardstarting from 0% at the topmost point and the percentages will increase from this topmost point.

Price Projection

This tool is used to draw expansion/extension levels as horizontal lines which are based upon 3 points. To select this tool, select Tools >> Price Projection on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Using this tool involves drawing 2 lines that identify 3 points (A-B-C). To do this, left click with your Pointer on the chart to mark point A, move the Pointer, and left click again to mark B. The line A-B represents the length of price move.

Move the Pointer again and left click to mark point C. Point C is the point at which expansion/extension horizontal lines are drawn from. These expansions/extension lines are calculated using the length of line A-B and they are drawn from point C.

If the A-B line is down sloping, then the expansion lines will move downward starting at point C and the percentages will increase as they go downward from this point. If the A-B line is up sloping, then the expansion lines will move upward starting at point C and the percentages will increase as they go upward from this point.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Modifying Retracement/Expansion Levels for Retracement/Expansion/Projection Drawings

To modify retracement/expansion levels on an existing drawing, you will need to open the Chart Drawing Properties window and simply modify the percentages on the Levels tab.

Hiding Retracement/Expansion Levels for Retracement/Expansion/Projection Drawings

To hide a retracement/expansion level on an existing drawing, follow either of these steps:

  • Open the Chart Drawing Properties window for the drawing and uncheck the Levels >> Show option for the level that you wish to hide.
  • Right-click on a level line on the drawing and select Hide Level. The level can be displayed again by opening the Chart Drawing Properties window and enabling the Levels >> Show option for that level.

Erasing the Drawing

To erase a Retracement/Expansion/Projection drawing, refer to the Erasing Chart Drawings section.

Moving the Drawing

You have the ability to move an existing Retracement/Expansion/Projection Chart Drawing. Refer to the Move Chart Drawing section.

Adjusting the Drawing

You have the ability to adjust the A or B points of a Price Retracement or Price Expansion drawing. Or the A, B, or C points of a Price Projection drawing. Refer to the Adjust Chart Drawing section. To adjust one of the A, B, or C points, you need to select one of these points.

Vertical Line | Horizontal Line | Horizontal Ray

Description

The Vertical Line tool is for drawing a vertical line on the chart.

The Horizontal Line tools for drawing a horizontal line on the chart.

The Horizontal Ray tool is for drawing a horizontal line that extends from the first point set for the line and extends either to the left or right of the chart window.

Tool Usage

To use any of these tools, select Tools >> Vertical Line | Horizontal Line | Horizontal Ray on the menu. For additional methods of selecting these tools, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer at the point where you want the horizontal or vertical line to be and left click with your Pointer. Move the Pointer until you find the line is positioned exactly where you want it. To complete the line, left click again with your Pointer at the exact location where you want to keep it in place.

In the case of the Horizontal Ray drawing, it will extend in one direction from the point you have left clicked at or subsequently moved the Pointer to. The direction of the extension is to the left or right based upon the Drawing Tool Configuration or the Chart Drawing Properties.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Adding Text to a Horizontal Line

  1. To add text to an existing horizontal line on the chart, right-click with your Pointer on this horizontal line and select Modify Text on the displayed menu. The Modify Text command will need to be added to the Chart Drawing Shortcut menu if it is not already listed. For instructions to add this command, refer to Customizing Chart Drawing Shortcut Menu.
  2. Enter the text in the displayed window and press OK.
  3. You will then see this text displayed under the horizontal line.
  4. You can change the alignment of the text through the Chart Drawing Properties.

Erasing

To erase a Vertical Line, Horizontal Line or Horizontal Ray drawing, refer to the Erasing Chart Drawings section.

Parallel Lines

Description

The Parallel Lines drawing tool is for drawing 2 or more parallel lines.

By default, 2 lines will be displayed. Additional lines are automatically drawn based upon the specified Levels in the Parallel Lines Configuration window. Refer to Tool Configuration below.

The additional lines are specified through the Levels >> Level % setting in the Parallel Lines Configuration window. The percentage is a percentage of the distance between the first and second drawn parallel lines.

A positive percentage draws lines which originate from the first line towards the second line. For example a 50% percentage will draw line between the first and second parallel line. A negative percentage draws lines which originate from the first line and are placed away from the second line.

Using a percentage of -100 will draw a parallel line opposite of the second line on the other side of the first line. Using a percentage of 100 , will draw line directly at the same position as the second line. Using a percentage of 50 will draw a parallel line between the first and second lines.

Tool Usage

To use this tool, select Tools >> Parallel Lines on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer on the bar where you want to start the first Parallel Line and left click the Pointer. Move the Pointer to the last bar you want the line to end at and left click again.

Move the Pointer above or below the first Parallel Line to set the level of the second Parallel Line and left click the Pointer. The drawing is now complete. Any additional Levels you have specified in the Parallel Lines Configuration window will be drawn.

Tool Configuration

Refer to the Drawing Tool Configuration section.

Erasing

To erase a Parallel Lines drawing, refer to the Erasing Chart Drawings section.

Parallel Rays

Description

The Parallel Rays drawing tool is for drawing 2 or more parallel lines which extend beyond the second point. These extending lines are known as Rays.

By default, 2 lines will be displayed. Additional lines are automatically drawn based upon the specified Levels in the Parallel Rays Configuration window. Refer to Tool Configuration below.

The additional lines are specified through the Levels >> Level % setting in the Parallel Rays Configuration window. The percentage is a percentage of the distance between the first and second drawn parallel lines.

A positive percentage draws lines which originate from the first line towards the second line. For example a 50% percentage will draw line between the first and second parallel line. A negative percentage draws lines which originate from the first line and are placed away from the second line.

Using a percentage of -100 will draw a parallel line opposite of the second line on the other side of the first line. Using a percentage of 100 , will draw line directly at the same position as the second line. Using a percentage of 50 will draw a parallel line between the first and second lines.

Tool Usage

To use this tool, select Tools >> Parallel Rays on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer on the bar where you want to start the first Parallel Ray and left click the Pointer. Move the Pointer to the last bar you want the line to end at and left click again.

Move the Pointer above or below the first Parallel Ray to set the level of the second Parallel Ray and left click the Pointer. The drawing is now complete. Any additional Levels you have specified in the Parallel Rays Configuration window will be drawn.

Tool Configuration

Refer to the Drawing Tool Configuration section.

Erasing

To erase a Parallel Rays drawing, refer to the Erasing Chart Drawings section.

Linear Regression with Channels

Description

The Linear Regression tool is used to draw a linear regression line drawn across the specified bars and has two parallel lines above and below it. The distance between these parallel lines and the linear regression line is two standard deviations, by default, from the linear regression line.

The lines of a Linear Regression Chart Drawing can be extended beyond the endpoints of the lines by enabling the Options >> Extend Forward option in the Tool Configuration window for the Linear Regression tool.

Tool Usage

To use this tool, select Tools >> Linear Regression on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer on the bar where you want to start the linear regression line and left click the pointer. Move the pointer to the last bar you want the line to end at and left click again.

Tool Configuration

Refer to the Drawing Tool Configuration section.

Erasing

To erase a Linear Regression drawing, refer to the Erasing Chart Drawings section.

Raff Regression Channel

Description

The Raff Regression Channel tool is used to draw a linear regression line across the specified bars and has two parallel lines above and below it. The distance between these parallel lines and the linear regression line is equal to the greatest distance the highs and lows of the bars that the linear regression line is drawn across, are to that linear regression line.

Tool Usage

To use these tools, select Tools >> Raff Regression Channel on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer on the bar where you want to start the Linear Regression line and press the left Pointer button. Move the Pointer to the last bar you want the line to end at and left click again.

Tool Configuration

Refer to the Drawing Tool Configuration section.

Erasing

To erase a Raff Regression drawing, refer to the Erasing Chart Drawings section.

Time Expansion

Description

The Time Expansion tool is used to draw vertical lines at time or bar counts forward from a point, based upon the time or bar span between two points.

This tool marks two points on the chart. There are vertical lines at point A and B. The distance between point A and B represents the time interval as an actual time or bar count.

The third vertical line is drawn relative to point B at the first specified percentage of the time or bar count span between points A and B. The remaining vertical lines are drawn in the same way.

The percentages can be changed to any values that you require.

Tool Usage

To use this tool, select Tools >> Time Expansion on the menu.

For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu.

For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your pointer on the bar where you want to start the time expansion line and left click the pointer. Move the pointer to the last bar you want the line to end at and left click again.

Tool Configuration

Refer to the Drawing Tool Configuration section.

Erasing

To erase a Time Expansion drawing, refer to the Erasing Chart Drawings section.

Marking Bars Certain Bar Counts Forward

The Time Expansion tool can be used to mark bars which are the specified number of bars forward from a particular point.

Follow these instructions:

  1. Global Settings >> Tool Configs >> Time Expansion .
  2. Each drawing tool has multiple tool configurations. Make sure that you configure the one that you want. Refer to Using Multiple Drawing Tool Configurations.
  3. Select the Options tab.
  4. Set the Top and Bottom Labels to Num Bars or None.
  5. Set Time Analysis Based On to Bars.
  6. Select the Levels tab.
  7. Set the Level % values to percentages which correspond to bar counts where you want the vertical lines drawn. Every 100% equals one bar forward from point B. Therefore, if you want vertical lines drawn at 2, 3, 5 and 10 bars forward from point B, then enter the following percentages: 200, 300, 500, 1000.
  8. Press OK to close the Time Expansion Tool Configuration window.
  9. Refer to the Tool Usage section above to use this drawing tool. What you specifically need to do to accomplish drawing vertical lines at specified bar counts forward from a particular point is to position your pointer on the bar just before where you want to start the bar count from, left click the pointer. This will be point A. Move the pointer one bar forward and left click again. This will be point B.
  10. You will now see vertical bars on the chart numbered according to the bar count forward from point B.

Time Projection

Description

The Time Projection tool is used to draw vertical time projection lines on a chart.

The drawing consists of three points. The distance between point A and B represents the time interval. From point C, vertical lines are drawn based upon a percentage of the distance from point A and B. By default the percentages are based on the Fibonacci number sequence. These percentages can be changed to any values you want through the tool's Configuration window.

Tool Usage

To use this tool, select Tools >> Time Projection on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your pointer on the bar where you want to start to specify the time interval and left click the pointer, move the pointer to the second bar to end the time interval and left click, then move the pointer to the third point to set where the projection lines begin and left click again. The drawing is now complete.

Tool Configuration

Refer to the Drawing Tool Configuration section.

Erasing

To erase a Time Projection drawing, refer to the Erasing Chart Drawings section.

Fibonacci Fan / Percentage Fan / Speed Resistance Lines

Description

The Fibonacci Fan tool draws multiple lines based upon the specified percentages. These percentage lines are relative to an imaginary vertical line from the end point of the drawn line down to the price level of the begin point of the drawn line.

By default the Fibonacci Fan percentages are based on Fibonacci numbers. You are able to specify any percentages that you require. You could specify the percentages 66 and 33 to draw Speed Resistance lines.

Tool Usage

To select this tool, select Tools >> Fibonacci Fan on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

To use this tool, left click with the pointer on the chart to start a line at a significant point. Move your pointer to where you want to end the line and left click again to set the endpoint. As you are drawing it, you will see the fan lines drawn at the same time.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Erasing

To erase a Fibonacci Fan drawing, refer to the Erasing Chart Drawings section.

Gann Fan

Description

The Gann Fan tool draws multiple angled lines at the angles set in the configuration for the Gann Fan Drawing Tool, beginning from the first point selected.

The angles are specified as slope values instead of degrees.

Tool Usage

To select this tool, select Tools >> Gann Fan on the menu.

For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

To use this tool, left click with your Pointer on the chart to start the lines at a significant point. The angled fan lines are drawn from this point.

Move the Pointer at least 10 bars towards the right to extend the angled lines towards the right, then left click again with your Pointer. Or, move the Pointer at least 10 bars towards the left to extend the angled lines towards the left and left click again with your Pointer.

The number of bars to draw between the first point selected and the second point, does not have to be an exact number, but definitely should be at least 10 bars so that the line spans a reasonable number of bars. This is so that the lines remain stable when the timeframe of the chart bars is changed. For example, if you are drawing a Gann Fan on 1 minute chart bars and you change the chart bars to 60 minutes per bar, then the number of bars between the first point the second point must be more than 60 bars. Otherwise, the Gann Fan will not appear on the 60 minute bars.

Depending upon whether the line drawn is sloping up or down determines whether the fan lines are going to be sloping up or down, respectively. The exact ending bar is not relevant to this.

The direction and number of bars from the first point to the second point only establishes the direction of the fan lines, whether the lines are sloping up or down, and the internal ending point of the extending fans lines. Otherwise, it is not used in the calculations.

The fan lines are calculated using one of three methods based on how the Value Increment Per Bar Set From setting is configured in the Drawing Tool Configuration window for the Gann Grid tool.

Refer to the Common Tool Configuration Settings and Chart Drawing Properties for Gann Grid and Gann Fan section for the possible choices.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Drawing One or More Lines at Specific Angles

The Gann Fan tool can be used to draw one or more lines at certain angles specified by the Slope value for each fan line. For example, if you want to draw a 45 degree angle precisely every time, then configure one of the available Tool Configurations for the Gann Fan tool with a single line in addition to the Initial line and set the Slope to 1 (See image). When you draw a line with this Gann Fan tool configuration, it will be converted to a precise 45 degree angle line. The formula for slope is: Rise divided by Run. A 1 point rise in value and a change in time by 1 time period (equivalent to 1 chart bar), is a slope of 1 or a 45 degree angle.

Note that a line that is at a 45 degree angle, will not necessarily visually appear to be at 45 degrees due to the geometry of the chart. Actually it is not very likely at all.

Erasing

To erase a Gann Fan drawing, refer to the Erasing Chart Drawings section.

Type Text | Stationary Text

Description

The Type Text and the Stationary Text drawing tools are used to type text directly on a chart.

When using the Type Text tool, the text you enter is linked to a specific Date and Time and value in the Chart Region it was typed in.

As you scroll the chart, the text will move.

When using the Stationary Text tool, the text you enter is positioned relative to the top left of the chart window. Therefore as you scroll the chart, it always remains stationary.

It is supported to configure a Control Bar button that uses the Type Text tool and draws on the chart specific predefined text with predefined properties. Refer to Custom Text Drawing Control Bar Buttons.

Tool Usage

To use this tool, select Tools >> Type Text | Stationary Text on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer to where you want enter the text and left click the pointer. Enter the text in the displayed text box and press OK.

In the case when you have preset some text for the Text or Stationary Text Tools on the Text tab of the Drawing Tool Configuration for these Tools, then when left clicking on the chart, there will not be a prompt to enter the text. Rather what will happen is the preset text will be displayed automatically. Therefore, if you do not want this behavior, then remove the preset text in the Drawing Tool Configuration window for these Tools.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Modifying Existing Text Drawings

To modify an existing Text drawing on the chart, refer to the Chart Drawing Properties section.

Erasing

To erase a Text drawing, refer to the Erasing Chart Drawings section.

Pitchfork (Median Line Tool) | Pitchfork - Schiff Median | Pitchfork - Modified Schiff

There are 3 Pitchfork Tools: Pitchfork, Pitchfork - Schiff Median, Pitchfork - Modified Schiff.

To use any of these pitchfork tools, select Tools >> Pitchfork | Pitchfork - Schiff Median | Pitchfork - Modified Schiff on the menu.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

A Pitchfork drawing is drawn by selecting 3 points on a chart. The first point is a major peak or trough on the chart. The second and third points are at a major peak and trough to the right of the first point.

These are known as points A, B, and C. Left-click on the chart with your Pointer 3 times to set these points.

Point A represents the starting point of the median line. This median line is drawn between the B and C points. This line is also known as the handle of the Pitchfork drawing.

Additional parallel lines can optionally be drawn above and below the second and third lines which start at the B and C points. These are configured through the Levels tab on the Configuration/Properties window for the Pitchfork tools.

Adjusting the Points

You have the ability to adjust any of the three points (A, B, C) of a Pitchfork drawing. To do this, refer to the Adjust Drawing section.

Changing the Type of an Existing Pitchfork Drawing

You have the ability to change the type of an existing pitchfork drawing. For example, you can change from a normal Pitchfork drawing to a Pitchfork - Modified Schiff. To do this, follow these steps.

  1. Right-click on one of the lines of an existing Pitchfork drawing. This can be any type of Pitchfork drawing.
  2. Select Chart Drawing Properties on the displayed menu.
  3. On the Chart Drawing Properties window, select the Options tab.
  4. Choose the Pitchfork type.
  5. Press OK.

Understanding and Setting the Secondary Anchor Point

You can optionally set what is known as a secondary point on a Pitchfork drawing which allows you to fix either the B or C lines at a second point near their ends and make the median line parallel to the B or C lines.

This is another way of adjusting an existing Pitchfork drawing. To adjust and set this secondary point, right-click on either the B or C line of a Pitchfork drawing and select Adjust Secondary. Make the adjustment and left click with your pointer to set the secondary anchor point. If you do not see the Adjust Secondary command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

While you are making adjustment, point A will move. You can also use the standard Adjust Drawing modification function near the end of lines B or C to set and adjust the secondary anchor point.

If you directly adjust point A after setting the secondary anchor point, then the secondary anchor point will be cleared.

Pitchfork drawings because of the geometry of them and the available pixels on the screen, are sensitive to movements of the parallel lines in relation to the chart bars when there are changes with the timeframe of bars and the chart scaling. Additionally, when you have a small number of bars that span between the A point and the B-C points, this problem can become worse. This is why it is important to have as many bars as possible between the A point and the B-C points in a Pitchfork drawing.

By using the secondary anchor point, you can work around this kind of issue. When setting the secondary anchor point, the B-C-Secondary points are fixed and set the lines. The disadvantage of this method is that the A point can be off, but it is necessary in order to have the lines plotted in a parallel fashion.

Follow the instructions above to set the secondary anchor point.

Erasing

To erase a Pitchfork drawing, refer to the Erasing Chart Drawings section.

Rectangle | Extending Rectangle | Ellipse | Triangle

There are tools to draw a Rectangle, an Extending Rectangle, an Ellipse, or a Triangle on a chart.

To use use one of these tools, select Tools >> Rectangle | Extending Rectangle | Ellipse | Triangle on the menu.

For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Usage

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu.

For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

To use one of these tools, left click with your Pointer on the chart to set the first point, move your Pointer until you get the desired region selected and then left click again.

In the case of the Triangle Drawing Tool, three points are required. Using the Pointer, left click to set the first corner of the triangle. Move the Pointer to the desired location for the second corner of the triangle. Left click again. Move the Pointer to the desired location of the third corner and left click again.

Erasing

To erase a Rectangle, an Extending Rectangle, an Ellipse, or a Triangle Chart Drawing, refer to the Erasing Chart Drawings section.

Gann Grid

Description

The Gann Grid tool is used to draw a grid of lines that are at a specific angle. The distance between the lines is controlled as you draw the grid.

Tool Usage

To use this tool, select Tools >> Gann Grid on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

To start the drawing, left click with your Pointer on the chart to initiate the Gann Grid drawing.

The Gann Grid / Gann Fan operates in one of several methods based on how the Value Increment Per Bar Set From setting is configured in the Drawing Tool Configuration window for the Gann Grid tool. Refer to the Common Tool Configuration Settings and Chart Drawing Properties for Gann Grid and Gann Fan section for the possible choices.

Move your Pointer until you get the desired distance between the grid lines and the desired angle, then left click with your Pointer again to finish the Gann Grid. The second left click with your Pointer sets the width of the Gann Grid.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Erasing

To erase a Gann Grid drawing, refer to the Erasing Chart Drawings section.

Arrow

Description

The Arrow tool is for drawing and arrow on a chart. When drawing the arrow, the head of the arrow is always at the location of the Pointer.

Tool Usage

To use this tool, select Tools >> Arrow on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu.

For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer on the bar where you want to start the arrow and left click the Pointer. Move the Pointer to the last bar you want the arrow to end at and left click again.

Tool Configuration

Refer to the Drawing Tool Configuration section.

Erasing

To erase an Arrow drawing, refer to the Erasing Chart Drawings section.

Marker

Description

The Marker tool is used to type display various types of markers on the chart. Point, Dash, Square, Star, Plus, X, Arrow, Triangle, Diamond are supported.

Tool Usage

To use this tool, select Tools >> Marker on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer to where you want to put the marker and left click the Pointer. Only a single left click is needed.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Erasing

To erase a Marker drawing, refer to the Erasing Chart Drawings section.

Zig-Zag

Description

The Zig-Zag tool is used to draw multiple lines that have connected endpoints.

Tool Usage

To use this tool, select Tools >> Zig-Zag on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Position your Pointer to where you want to start the Zig-Zag line and left click the Pointer. Position the Pointer at the next point and left click the Pointer again to complete that segment. Repeat this until you have drawn all required lines, then right click the Pointer to end the drawing.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Erasing

To erase a Zig-Zag drawing, refer to the Erasing Chart Drawings section.

Cycle

Description

The Cycle tool is used to draw repeated arcs that have a width set by the two points you select. These arcs repeat backward and forward from the two selected points. This is helpful to identify patterns that repeat regularly in time.

Each cycle is based on bar count. Therefore, the cycle arcs may not repeat themselves at exactly the same time interval as originally drawn across. One solution to this is to enable Chart >> Chart Settings >> Advanced Settings >> Include Columns With No Data. This setting will insert bars where there is no data, and then the cycles will match up timewise. Alternatively, look at using the Time Expansion or Time Projection Drawing Tools, since these have an option to be time or bar based.

Tool Usage

To use this tool, select Tools >> Cycle on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Left click on the chart with your Pointer to set the first point. As you move the Pointer around, the distance in time (TD:) between the two points is displayed in the Window >> Tool Values Window and in the Window >> Compact Tool Values Window.

This is useful to get a precise distance. For more information, refer to the Viewing Tool and Chart Data When Using Tools section. Left click again to select the second point. At this point the Cycle drawing is complete.

To add or remove cycles from an existing Cycle drawing, open the Chart Drawing Properties window for the Cycle drawing and change the number of cycles drawn using the Options >> Cycle Number property. As they are added/removed, you can see the Cycle drawing update on the chart.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Selecting a Cycle Drawing for Moving, Adjusting or Erasing

When you need to select a Cycle drawing to Move it, Adjust it or Erase it, like when you have selected Tools >> Move Drawing or you have Support Left Click to Select Chart Drawings in Global Settings >> Tool Settings enabled, you will then need to select the drawing by left clicking with your pointer at any point of the base of the Cycle drawing where the Cycle lines touch the bottom of the Chart Region. Refer to the image.

Displaying the Chart Drawing Shortcut Menu For Cycle Drawings

When you need to display the Chart Drawing Shortcut menu for a Cycle drawing, in order to select one of the commands, you need to right-click with your pointer at any point of the base of the Cycle drawing where the Cycle lines touch the bottom of the Chart Region. Refer to the image.

Erasing

To erase a Cycle drawing, refer to the Erasing Chart Drawings section. When you need to select a Cycle drawing to erase it, you need to left click with your pointer at any point of the base of the Cycle drawing where the Cycle lines touch the bottom of the Chart Region. Refer to the image.

Reward/Risk

Description

The Reward/Risk tool, is a tool designed to indicate the Reward and Risk based upon a Stop price, Entry price, and Target price. A Reward/Risk ratio of 1 means that based upon the selected prices, the potential loss will equal the potential profit. A Reward/Risk ratio 3 means that based upon the selected prices, the potential profit will be 3 times the potential loss.

Tool Usage

To use this tool, select Tools >> Reward/Risk on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.

Select the active Drawing Tool Configuration that you want to use by selecting Tools >> Current Tool Config >> Config # on the menu. For more information about Drawing Tool Configurations, refer to Using Multiple Drawing Tool Configurations.

Move the Pointer to the desired Stop price and left click the pointer. Move the Pointer to the desired Entry price and left click. Move the Pointer to the desired Target price and left click. At this point, the drawing is complete.

There will be text displayed beside the Target price indicating the values for the Entry, Stop, and Target . The Reward/Risk ratio will be displayed after the Entry price text.

Tool Configuration

Refer to the Drawing Tool Configuration section to configure the drawing tool.

Erasing

To erase a Reward/Risk drawing, refer to the Erasing Chart Drawings section.

Custom Text Drawing Control Bar Buttons

It is supported to add Control Bar buttons which can be configured to place specific text on the chart when clicking the left Pointer button on the chart.

This is configured through Global Settings >> Customize Control Bars >> Control Bar # >> Available Control Bar Commands >> Tools - Custom Text Drawing.

Add one or more of these Custom Text Drawing tool buttons to the Control Bar. Press the Set Custom Text button to configure the tool.

There are various options which can be configured for each Custom Text Drawing tool button.

They are as follows:

  • Custom Text Tool: This displays the Custom Text Drawing tool being configured.
  • Drawing Text: The text to be drawn on the chart when using the tool.
  • Text Color: The color of the text to be drawn on the chart.
  • Font: The font of the text to be drawn on the chart.
  • Next Text Tool: The next Custom Text Drawing tool to be selected after the one selected on the Control Bar has been used.

To use one of these Control Bar buttons, press the Custom Text Drawing tool button on the Control Bar which has been configured and added to the Control Bar.

To use the Custom Text Drawing tool, left click on the chart with the Pointer where you want to place the text.

Shortcuts for Custom Text Drawings

It is supported to add Keyboard shortcuts for all Custom Text Drawing tool configurations on the Control Bar. Additionally there are keyboard shortcuts for Next/Previous Custom Text Drawing configurations.

To configure the keyboard shortcuts, select Global Settings >> Customize Keyboard Shortcuts.

The Next Custom Text Drawing command will go to the next set Custom Text Drawing tool configuration specified through Next Text Tool in the Custom Text Drawing Tool Settings window. Otherwise, will follow a linear advancement through the defined Custom Text Drawing tool configurations.

The Previous Custom Text Drawing command will go to the previous set Custom Text Drawing tool configuration specified through Next Text Tool in the Custom Text Drawing Tool Settings window.

However, if there are multiple Next Text Tool settings pointing to the current Custom Text Drawing tool configuration, the first found Next Text Tool is used as a reference. If no specified Next Text Tool configuration is found, then this command will move back through the Custom Text Drawing tool configurations in reverse order.

Chart Drawing Modification Functions

Chart Drawing Properties

The Chart Drawing Properties command lets you modify all of the settings (Properties) of an existing Chart Drawing you have drawn on your chart with one of the Drawing Tools. To adjust the Properties of a Chart Drawing, follow the steps below:

  1. Right-click on the Chart Drawing and select Chart Drawing Properties. If you do not see this command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.
    The Chart Drawing Properties command will be disabled for manually drawn Volume Profiles.
  2. You will notice that the Chart Drawing Properties window is the same as Tool Configuration window that you open with Global Settings >> Tool Configs >> [Tool Name].
  3. Modify the Chart Drawing Properties as you require.
  4. You are also able to press one of the TC# (tool configuration) buttons to choose an existing defined configuration to apply to the Chart Drawing. You will notice as you change the Properties of a Chart Drawing, that they are immediately applied to that Chart Drawing.
  5. Press OK to keep the changed Properties or press the Cancel button to discard them.

Modifying Chart Drawing Properties by Double-Clicking

  1. Select Global Settings >> Tool Settings on the menu.
  2. Make sure the Double-Click on Drawing Brings up Drawing Properties option is enabled.
  3. Double-click on a Chart Drawing on the chart. This will then open the Chart Drawing properties window. You will notice that the Chart Drawing Properties window is the same as Tool configuration window that you open with Global Settings >> Tool Configs >> [Tool Name].
  4. Modify the settings as you require. You are able to press on one of the Configuration number buttons to choose an existing defined configuration to apply to the drawing. You will notice as you change the settings of a drawing, that they are immediately applied to that drawing.
  5. Press OK to keep the changed settings or press the Cancel button to discard them.

Applying Predefined Tool Configuration to Existing Chart Drawing

  1. To apply a predefined Tool Configuration to an existing Chart Drawing a chart, select Global Settings >> Customize Chart Drawing Menu.
  2. Add any number of the Config 1-8 commands from the Available Menu Items list to the Selected Menu Items list.
  3. You need to add the Config numbers that you will want to apply to existing Chart Drawings. For example, if you only need to work with two configurations, then just add Config 1 and Config 2.
  4. Press OK.
  5. Right-click on a Chart Drawing on the chart and select Config 1-8 depending upon what Tool Configuration you want to apply to the Chart Drawing. If you right-click on a Line drawing, then the Tool Configurations for the Line drawings will apply.
  6. Alternatively, you can left click on existing Chart Drawing to select it. To enable this functionality, select Global Settings >> Tool Settings >> General and enable Support Left Click to Select Chart Drawings. Chart Drawing selection works only with the following Tools: Pointer, Chart Values, Hand, Adjust Regions. When the Chart Drawing is selected, select Tools >> Current Tool Config >> Config 1-8, to apply the Tool Configuration to the drawing.
  7. With either of the methods described above, the Chart Drawing Alert settings which may have been set with the Tool Configuration 1-8 for a Drawing Tool set with the Configuring a Default Chart Drawing Alert Condition instructions, will be applied to the existing Chart Drawing. This is unlike using the TC# buttons in Chart Drawing Properties which will not apply the Chart Drawing Alert settings part of the Tool Configuration.

Chart Drawing Alerts

Sierra Chart supports specifying an Alert Condition on the following Chart Drawing types:

  • Line
  • Ray
  • Chart Calculator
  • Extended Line
  • Horizontal Line
  • Horizontal Ray
  • Vertical Line (When a vertical line is drawn in the future past the last bar, when its time is encountered with a new bar, then an alert will be given)
  • Rectangle (Both the Top and Bottom values of the rectangle are checked against the alert settings separately as if they are separate lines)
  • Extending Rectangle (Both the Top and Bottom of values of the rectangle are checked against the alert settings separately as if they are separate lines)

To set up an Alert Condition on a Chart Drawing follow these steps:

  1. The first step is to display the Chart Drawing Alert window for a Chart Drawing. To do this, you will need to right-click on the Chart Drawing and select Alerts on the menu.

    If you do not see this command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.
  2. Check the Enable Alert For Chart Drawing option.
  3. In the Study Subgraph list box, select the Subgraph of the main price graph or study to compare with the Chart Drawing. This setting does not apply to Vertical Lines.

    The study Subgraphs that are listed are for the very first found graph in the Chart Region where the Chart Drawing is located in. In the case of Chart Region 1, this is going to be the main price graph. In the case of another Chart Region, this will be the study graph which is listed first for that Chart Region in the list of studies in the Analysis >> Studies window. The order of the studies can be adjusted. Refer to Study Display Order.

  4. In the Comparison To Drawing list box, select the type of comparison you want to use. This does not apply to Vertical lines.
  5. In the Comparison Precision drop-down list, select the precision used when comparing the values of a Chart Drawing to the values of the main graph in the Chart Region where the Chart Drawing is drawn. For example, if the precision is .1, then 100.11 will be considered equal to 100.1. This does not apply to Vertical Lines.

    This is a critical setting to set to ensure that the evaluation of the Chart Drawing Alert Condition is correct. Otherwise, the Alert Condition can incorrectly be TRUE or FALSE. If the Chart Drawing is on the main price graph we recommend using the same setting as Chart >> Chart Settings >> Price Display Format.
  6. Select an Alert Sound number to play when the alert condition is true.
  7. Enable Alert Once Per Bar, to only have the alert sound once per chart bar even if the condition goes from false to true to false and back to true. It will sound the first time the alert condition goes to true, but not subsequent times for the same bar.
  8. Press OK.
  9. The Chart Drawing will be evaluated for the specific Alert Condition which has been configured as the chart is updated. The evaluation only occurs on the last bar in the chart.
  10. When the Alert Condition is true for the Chart Drawing, a sound will be played. You also have the option of receiving an e-mail message when the condition is true. To configure the specific sound to play for the selected Alert Sound number and enable an e-mail notification, select Global Settings >> General Settings on the menu. Alert Sounds are configured in the Alert Sounds Settings frame.
  11. When the Alert Condition is true for the Chart Drawing, a detailed message will be added to the Alerts Log. To display the Alerts Log, select Window >> Alerts Manager >> Alerts Log on the menu.
  12. To automatically have the Alerts Log open when an Alert Message from a Chart Drawing or Study is added, enable Global Settings >> General Settings >> Show Alerts Log on Study Alert.
  13. If you do not get an Alert Sound when expected and the Chart Drawing Alert condition is getting triggered, then refer to Troubleshooting for Alert Sounds That Do Not Play.

Chart Drawing Alert Options

  • Enable Alert For Chart Drawing: This option must be enabled for the Chart Drawing Alert condition settings to be active on the Chart Drawing. Otherwise, there will be no alert generation possible.
  • Only Trigger Once: When this option is enabled, and a Chart Drawing Alert condition has been met, the Enable Alert For Chart Drawing option will be disabled automatically.
  • Alert Once Per Bar: When this option is enabled, a Chart Drawing Alert will only be generated once per bar even if the state goes to FALSE and then TRUE within the same bar.
  • Blink Once Per Bar: When a Chart Drawing Alert is triggered on a Chart Drawing, the Chart Drawing will change color at each chart update to indicate the Alert has been triggered.

    When the option Blink Once Per Bar is enabled, the Chart Drawing will only blink (change color) once for each new bar after the Alert is triggered.
  • Tool Configuration for Appearance When True: When this is set to a configuration number other than None, then the Chart Drawing appearance Properties set for the selected Tool Configuration number will be applied to the Chart Drawing when its Alert condition is true.

Chart Drawing Alert Condition Being Incorrectly True or False Due to Incorrect Comparison Precision

In the Chart Drawing Alert settings window for a Chart Drawing, there is the Comparison Precision setting. This precision setting is used when comparing the values of a Chart Drawing to the values of the main graph in the Chart Region where the Chart Drawing is drawn.

This is a critical setting to set to ensure that the evaluation of the Chart Drawing Alert Condition is correct. Otherwise, the Alert Condition can be incorrectly True or False.

If the evaluation of the Chart Drawing is incorrect, it is either True or False when it should not be, and the Chart Drawing is on the main price graph, then the Comparison Precision needs to be set the same as Chart >> Chart Settings >> Price Display Format.

To open the Chart Drawing Alert settings window for a Chart Drawing, right-click on the Chart Drawing with your Pointer and select Alerts on the menu.

Configuring a Default Chart Drawing Alert Condition

To configure a default Alert Condition for Chart Drawings which will be applied when you draw a new Chart Drawing, follow these steps:

  1. Select Global Settings >> Tool Configs >> [Drawing Tool Name].
  2. Press the A button in lower left to open the Drawing Alert Configuration window. Refer to the image below.
  3. Set the Alert Condition controls as you require.
  4. Press OK.
  5. To save the default Alert Condition configuration for other than the currently selected Tool Configuration Number selected for the Tool ( Tools >> Current Tool Config >> Config 1-8 ), then select the Save As tab. Press the button corresponding to the configuration number you want to save this configuration as.
  6. Press OK.

Move Chart Drawing | Copy and Move Chart Drawing

Use the Move Drawing modification function to move the location of any type of Chart Drawing on a chart drawn with a drawing Tool, including Text.

There are several methods to move a Chart Drawing. These are documented below.

It is also supported to copy a Chart Drawing first and then move the copy of the Chart Drawing. This is documented below.

With any of the below methods, move the Chart Drawing as needed, then left click with your Pointer at the desired new location to set the Chart Drawing or the copy of the Chart Drawing into place and complete the move operation.

It is possible to scroll the chart while in the Move Drawing mode to move the Chart Drawing to another area of the chart.

Double Click Method

Double-click with your Pointer near the middle of a Chart Drawing to invoke movement of the Chart Drawing.

To be able to Move a Chart Drawing by double-clicking, General Settings >> Tool Settings >> Double-Click on Drawing Brings up Drawing Properties must be disabled.

You can press the Control key on your keyboard at the time you double-click on a Chart Drawing, in order to first make a copy of the Chart Drawing. The Move will be performed on that copy of the Chart Drawing.

Left-Click Selection Method

To enable this functionality, select Global Settings >> Tool Settings >> General and enable Support Left Click to Select Chart Drawings. Chart Drawing selection works only with the following Tools: Pointer, Chart Values, Hand, Adjust Regions.

When one of the following tools is active: Pointer, Chart Values, Hand, Adjust Regions, then do a single left click anywhere along a Chart Drawing. Handles will appear on that drawing. Click near the middle of the drawing to initiate the move of it.

Converging Drawings: If there are multiple Chart Drawings converging at the point where you select a drawing, then multiple drawings may be selected. These drawings will be drawn with numbers for identification. Enter the drawing number from your keyboard, and the drawing move will start after pressing the Enter key on the keyboard. Or you can click on the drawing you actually want to move, away from the point where drawings are converging, and the drawing move will start.

You can press the Control key on your keyboard when you left click on a Chart Drawing, in order to first make a copy of the Chart Drawing.

Right-Click Method

Right-click over a Chart Drawing that you want to move.

Select Move Drawing or Copy and Move Drawing on the shortcut menu to initiate the movement of the drawing.

If you do not see these commands listed, then you need to add them to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

Menu and Control Bar Button Method

Select Tools >> Move Drawing or Tools >> Copy and Move Drawing on the menu or use the Move Drawing Control Bar buttons.

Or you can right-click on the chart and select Move Drawing or Copy and Move Drawing on the shortcut menu. In this case you will first need to add these commands to the Chart Shortcut menu if they are not already listed. To do this, select Global Settings >> Customize Chart Shortcut Menu.

Once you have selected one of the Move Drawing commands as explained, all Chart Drawings that you have drawn on the chart will be numbered. Type the number of the Chart Drawing that you want to Move and press Enter on the keyboard. Or you can left click on the Chart Drawing to initiate the move. No matter where you left click on the Chart Drawing, it will be moved.

Copy and Move Chart Drawing

This Chart Drawing modification function works identically to the Move Chart Drawing modification function.

The only difference is that a copy of the Chart Drawing is made first before you begin moving the copy of the Chart Drawing.

Adjust Drawing | Copy and Adjust Drawing

Use the Adjust Drawing modification function to adjust the beginning, middle (in the case of a drawing with 3 points) or ending point of any type of existing Chart Drawing on a chart drawn with a drawing Tool.

There are several methods to adjust a Chart Drawing. These are documented below.

It is also supported to copy a Chart Drawing first and then adjust the copy of the Chart Drawing. This is documented below.

With any of the below methods, Adjust the Chart Drawing as needed, then left click with your Pointer at the desired new point to set it into place.

It is possible to scroll the chart while in the Adjust Drawing mode to adjust the end of a Chart Drawing to another area of the chart which is not currently visible.

Double Click Method

Double-click with your Pointer near the end of a Chart Drawing object to invoke the adjustment of that end of the drawing. In the case of a drawing that has 3 points and you want to adjust the middle point, then you need to double-click near that middle point.

To be able to Adjust a Chart Drawing by double-clicking, General Settings >> Tool Settings >> Double-Click on Drawing Brings up Drawing Properties must be disabled.

You can press the Control key on your keyboard at the time you double-click on a Chart Drawing, in order to first make a copy of the Chart Drawing. The adjustment will be performed on that copy. The other 1 or 2 points in the Chart Drawing that are not being adjusted will remain in place and you will adjust the new copy from the endpoint that you double-clicked near.

Left Click Selection Method

To enable this functionality, select Global Settings >> Tool Settings >> General and enable Support Left Click to Select Chart Drawings. Chart Drawing selection works only with the following Tools: Pointer, Chart Values, Hand, Adjust Regions.

When one of the following tools is active: Pointer, Chart Values, Hand, Adjust Regions, then do a single left click anywhere along a Chart Drawing. Handles will appear on that drawing.

Left click near the end of a Chart Drawing line to Adjust it. In the case of a drawing that has 3 points and you want to adjust the middle point, then you need to left click near that middle point.

Refer to Adjusting Rectangle, Extending Rectangle, Ellipse Drawings in regards to adjusting Rectangle and Ellipse drawings.

Converging Drawings: If there are multiple Chart Drawings converging at the point where you select a drawing, then multiple drawings may be selected. These drawings will be drawn with numbers for identification. In this case enter the drawing number from your keyboard, and the drawing adjustment will start after pressing the Enter key on the keyboard. Or you can click on the drawing you actually want to adjust, away from the point where drawings are converging, and the drawing adjustment will start.

You can press the Control key on your keyboard when you left click on a Chart Drawing, in order to first make a copy of the Chart Drawing before adjusting the copy.

Right-Click Method

Right-click over a Chart Drawing near the point you want to adjust.

Select Adjust Drawing or Copy and Adjust Drawing on the shortcut menu to initiate the adjustment of the drawing.

If you do not see these commands listed, then you need to add them to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

You will want to right-click over the beginning of the Chart Drawing to adjust the beginning of the drawing, or right-click over the end of the Chart Drawing to adjust the end of the drawing. In the case of a drawing that has 3 points and you want to adjust the middle point, then you need to right-click near the middle point.

Menu and Control Bar Button Method

Select Tools >> Adjust Drawing or Tools >> Copy and Adjust Drawing on the menu or use the Adjust Drawing Control Bar buttons.

Or you can right-click on the chart and select Adjust Drawing or Copy and Adjust Drawing on the shortcut menu. In this case you will first need to add these commands to the Chart Shortcut menu if they are not already listed. To do this, select Global Settings >> Customize Chart Shortcut Menu.

Once you have selected one of the Adjust Drawing commands as explained, all Chart Drawings that you have drawn on the chart will be numbered. Type the number of the Chart Drawing that you want to Adjust and press Enter on the keyboard. Or you can left click on the Chart Drawing to initiate the Adjustment. No matter where you left click on the Chart Drawing, the beginning point will always be adjusted.

Adjusting Rectangle, Extending Rectangle, Ellipse Drawings

The Sierra Chart selection model uses the selection point to tell it what you want to do. Therefore, if you are using the Left Click Selection Method, where you click is important.

The first 25% of the drawing signifies adjusting the beginning, the last 25% signifies adjusting the end, and the middle signifies a Move. When you right-click on a Chart Drawing you can specifically indicate whether you want to perform an Adjust Drawing or a Move Drawing.

Copy and Adjust Chart Drawing

This Chart Drawing modification function works identically to the Adjust Chart Drawing modification function.

The only difference is that a copy of the Chart Drawing is made first before you begin adjusting the copy of the Chart Drawing.

Make Line Parallel

The Make Line Parallel Chart Drawing modification function is used to make an existing Chart Drawing parallel to another Chart Drawing on the chart. Follow one of these methods:

Method 1

  1. Right-click with your Pointer on a Chart Drawing and select Make Line Parallel. If you do not see this command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.
  2. After selecting Make Line Parallel , all of the Chart Drawings on the chart will have handles drawn on them. These appear as small circles along the Chart Drawing lines which indicate the Chart Drawing can be selected. Left click with the pointer on the specific Chart Drawing line you want to make the first selected Chart Drawing line parallel to.

Method 2

  1. Another method to make a Chart Drawing line parallel to another is to right-click on the line and select Make Parallel to Previous to make that Chart Drawing line parallel to the previous drawn Chart Drawing line. If you do not see this command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

Snap to High/Low and Snap Side to High/Low

This Chart Drawing modification function will snap a Chart Drawing to the nearest High/Low of the chart bars that the endpoints of the drawing are on. Each endpoint of the Chart Drawing will be adjusted to the nearest High or Low of the bar it is on.

To snap the points of a Chart Drawing, right-click on the Chart Drawing and select Snap to High/Low. If you do not see this command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

Not all Chart Drawing types will support snapping to the high/low. Newer versions of Sierra Chart support snapping of Horizontal Lines. The particular bar that the horizontal line will be snapped to is the bar at the location where the user right-clicked at on the chart to select this command on the menu.

The Snap Side to High/Low command will snap one endpoint of a Chart Drawing to the nearest High or Low of the chart bar it is on.

  1. Move your Pointer to one of the ends of the Chart Drawing you wish to snap.
  2. Right-click on the Chart Drawing at that point, and select Snap Side to High/Low on the menu.

Modify Text

The Modify Text Chart Drawing modification function is used to add or edit the text for any of the following Chart Drawing types:

  • Text
  • Stationary Text
  • Vertical Line
  • Horizontal Line
  • Horizontal Ray
  • Line
  • Calculator
  • OHLC Ray
  • Rectangle
  • Extending Rectangle
  • Arrow

To select the Modify Text Chart Drawing modification function, right-click on the Text or Chart Drawing with your Pointer and select Modify Text on the menu. Edit the text in the displayed window and press OK.

If you do not see this command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

To change the font properties of the text, refer to Changing the Font Size For Text Displayed with Tool Drawings.

Erasing Chart Drawings

There are several methods and commands for erasing or deleting Chart Drawings drawn with Drawing Tools. This also includes text drawings from the Type Text or Stationary Text tools. These methods and commands are documented below:

  • Erase Drawing Mode
  • Erase Last Drawing (Ctrl-Delete): The Erase Last Drawing command erases the last drawn Chart Drawing or Text.
  • Erase Single Drawing (Delete): The Erase Single Drawing will switch to the Erase Drawing Mode to let you erase one Chart Drawing or text and then will switch back to the Tool you were previously using.
  • Erase All Non-Text Drawings: The Erase All Non-Text Drawings command erases all Chart Drawings drawn on the chart, except for text drawings.

    Chart Drawings that have been Locked and User Drawn chart drawings added by Advanced Custom Studies are not erased/removed with this command.
  • Erase All Text: The Erase All Text command erases all text drawings drawn on the chart.
  • Manage Chart Drawings Window : You can select a particular Chart Drawing through the Manage Chart Drawings Window and delete it.

Each of these commands is on the Tools menu. They can be also activated with the keyboard command shown to the right of the command, or selected from the Control Bar which is below the menu by default. If these commands are not already on the Control Bar, they can be added through Global Settings >> Customize Control Bar.

  1. Select the Tools >> Erase Drawing Mode command or Tools >> Erase Single Drawing command.
  2. All Chart Drawings and Text drawn with Drawing Tools will be drawn with identifying numbers.
  3. Click directly on the Chart Drawing to erase it. Alternatively, type the drawing number on your keyboard and press the Enter key.
  4. After you are done erasing the Chart Drawings or text, select a different tool such as Tools >> Pointer or Tools >> Chart Values. In the case of when you selected Erase Single Drawing, after you erase a single drawing, the current tool be switched back to the prior tool.

Erasing Drawings by Right Clicking on the Chart Drawing

Chart Drawings and text drawn with text Drawing Tools can also be erased by right-clicking over the Chart Drawing or text and selecting the Erase Drawing command on the displayed menu. This is the most direct method. If you do not see this command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

Erasing By Selecting the Chart Drawing And Using the Delete Key

When Global Settings >> Tool Settings >> Support Left Click to Select Chart Drawings is enabled, when you left click on a Chart Drawing when either of the Pointer or Chart Values tools is selected, it will become selected.

Press the Delete key on your keyboard to delete the selected Chart Drawing.

Erasing By Selecting and Right Clicking

When Global Settings >> Tool Settings >> Enable Delete Selected Drawing With Right Click is enabled, then select the Chart Drawing by left clicking on it when either of the Pointer or Chart Values tools is selected. Global Settings >> Tool Settings >> Support Left Click to Select Chart Drawings needs to be enabled to support the left click.

When the Chart Drawing is selected a right click will delete the drawing.

With this option enabled, you can still get the drawing context menu by right clicking over a non-selected drawing.

Erasing Chart Drawings by using Manage Chart Drawings Window

To erase Chart Drawings through the Manage Chart Drawings Window, select Tools >> Manage Chart Drawings Window. Select the drawing in the list of drawings and press the Delete button.

Press OK when done.

Quickly Changing Colors / Line Style / Line Width

You can quickly change the Color, Line Style, Line Width of a Chart Drawing by right-clicking on a Chart Drawing with your pointer.

To change the color, select Color and select a color from the submenu.

To change the line style select Line Style and choose the line style from the submenu.

To change the line width, select Line Width and choose the with from the submenu.

If you do not see these commands listed, then you need to add them to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

Customizing Colors on the Menu

It is possible to customize the colors listed on the menu. Right-click on a Chart Drawing and select Chart Drawing Properties. If you do not see this command listed, then you need to add it to the Chart Drawing shortcut menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.

Press one of the colored buttons on the first tab of the Configuration/Properties window to open the Color Selector window.

Press the Define Custom Colors button if the Color customization portion of the window is not already displayed.

Select one of the bottom 8 colors on the left side of the window in the Custom Colors section, by left clicking on the color box. Modify the color to what you want using the color controls on the right side of the Color selector window. Press the Add to Custom Colors button when done, to set the color. Do this for any of the other bottom 8 Custom colors.

Press OK when done. The 8 Custom colors will be listed on the Chart Drawing shortcut menu.

Hide/Show Chart Drawing

There are several ways to hide and show an individual Chart Drawing or all Chart Drawings on a chart.

Hide Drawing Command

Add the Hide Drawing command to the Chart Drawing Shortcut menu by following the instructions in the Customizing Chart Drawing Shortcut Menu section.

To hide a drawing right-click on the drawing on the chart and select Hide Drawing.

When the Chart Drawing is hidden by this method, then to unhide it, use the Tools >> Manage Chart Drawings Window. Find and select the drawing in the list and press Show. Refer to the image.

Manage Chart Drawings Window

Select Tools >> Manage Chart Drawings Window. Find and select the Chart Drawing in the list of drawings and press the Hide button.

When the Chart Drawing is hidden by this method, then to unhide it, use the Tools >> Manage Chart Drawings Window. Find and select the drawing in the list and press Show. Refer to the image.

Hide All Chart Drawings Command

To hide all Chart Drawings on a chart, enable Chart >> Hide Chart Drawings. Select that same command and remove the check mark to display the Chart Drawings.

A Control Bar button can be added for this command and also a keyboard shortcut.

Flip Horizontal

The Flip Horizontal Chart Drawing modification function performs a horizontal flip of the anchor points of the following Chart Drawings:

  • Pitchfork
  • Line
  • Parallel Lines
  • Parallel Rays
  • Gann Fan
  • Fibonacci Fan

To use this Chart Drawing modification function, make sure it is added to the Chart Drawing Shortcut menu. Refer to Customizing Chart Drawing Shortcut Menu for instructions.

Right-click on the Chart Drawing on the chart to flip, and select Flip Horizontal.

Flip Vertical

The Flip Vertical Chart Drawing modification function performs a horizontal flip of the anchor points of the following Chart Drawings:

  • Pitchfork
  • Line
  • Parallel Lines
  • Parallel Rays
  • Gann Fan
  • Fibonacci Fan

To use this Chart Drawing modification function, make sure it is added to the Chart Drawing Shortcut menu. Refer to Customizing Chart Drawing Shortcut Menu for instructions.

Right-click on the Chart Drawing on the chart to flip, and select Flip Vertical.

Procedure to Resolve Chart Drawings That Do Not Display

Follow the below procedure to resolve a problem where one or more Chart Drawings are not visible on a chart.

  1. Make sure Chart >> Hide Chart Drawings is unchecked.
  2. Open the Manage Chart Drawings Window. Make sure the Chart Drawing is listed there.
  3. Make sure the Chart Drawing is not hidden. Refer to Hide/Show Chart Drawing.
  4. In the Manage Chart Drawings Window , check the Date-Time of the anchor points to make sure they are valid and as expected. They can be modified by selecting the Chart Drawing in the list and pressing the Properties button. Select the Anchors tab. Check the vertical coordinate values of the anchor points to make sure they are valid and within the current visible view of the chart.

*Last modified Wednesday, 07th December, 2016.