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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.
When this option is set to Yes, then a rectangle drawing can be selected by left clicking in its interior instead of just the edges. And you can also right-click in the interior to display the Chart Drawing shortcut menu for the rectangle drawing.
A Line or Ray can be extended by right clicking on the side you wish to extend and selecting Extend Drawing on the menu.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
The only difference is that a copy of the Chart Drawing is made first before you begin moving the copy of the Chart Drawing.
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.
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.
If the previous Drawing is not one of the types to which the selected drawing can be made parallel, then selecting this option will not result in any changes.
To use this feature, enable the Tools >> Global Cursor On option on the menu. This is a global setting and applies to all charts.
To use a Nearest Match, select Global Settings >> Tool Settings on the menu and enable the option When Mapping Chart Drawings to Bars, Use Nearest Match Instead of Containing Match.
Some Chart Drawings will have the setting Use Global Font in their Chart Drawing Properties. When this is enabled, then those Chart Drawings will use the Global Chart Drawing Font. Otherwise, they will use the fonts specified within the Properties for the Chart Drawing.
When this option is set to Yes, 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. Set this option to No to use one common location for the Compact Tool Values window.
The Horizonal Line Non-Extended tool is for drawing a horizontal line that does not extend beyond the two points used to set the line. The Vertical Line tool is for drawing a vertical line on the chart.
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.
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.
When this option is set to Yes, then when one of the following tools is selected from the Tools menu: Pointer, Chart Values, Adjust Regions, or 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.
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.
To hide all Chart Drawings on a chart which originated from another chart and have been copied to a chart with the Automatically Copying Chart Drawings to Another Chart feature, enable Chart >> Hide Chart Drawings from Other Charts.
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.
Each Drawing Tool can have up to 24 configurations. To save the current configuration into one of the other 23 configurations follow the instructions below:
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.
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.
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.
When using a Drawing Tool, there is always automatic snapping of an anchor point to the nearest chart bar when moving the Pointer around the chart and when left clicking with the Pointer. There is no way to disable this.
When Adjust Tool Values to Tick Size in Chart >> Chart Settings is enabled, then when using this drawing tool, the Open, High, Low or Last values of the chart bar are rounded to the chart Tick Size setting. Therefore, the values you see could be different than the actual values. The solution to this is to uncheck Adjust Tool Values to Tick Size in Chart >> Chart Settings.
To use any of these pitchfork tools, select Tools >> Pitchfork | Pitchfork - Schiff Median | Pitchfork - Modified Schiff on the menu.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Time Expansion tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
The Horizontal Line tool is for drawing a horizontal line on the chart that extends across the entire chart. As an alternative to using this drawing tool you could use the Line or Horizontal Lines studies instead.
When this option is set to Yes, then when using the Chart Values tool with the Tools >> Global Cursor On and Tools >> Synchronize Charts options enabled, all the charts will move to their last bar when you deactivate the Chart Values tool and the controlling chart is already showing the last bar.
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.
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.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
Note: for this to work properly the chart on which the Chart Values tool is on when the tool is deactivated, must have the last bar in view.
Add the Hide Drawing command to the Chart Drawing Shortcut menu by following the instructions in the Customizing Chart Drawing Shortcut Menu section.
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.
To hide all Chart Drawings on a chart which originated and were drawn from that same chart, enable Chart >> Hide Chart Drawings.
The chart values are displayed in the Tool Values Window. If this window is not already displayed, select Window >> Tool Values Window on the menu.
Snapping is always done to the defined Tick Size in the Chart Settings. So the Chart Drawing point may not snap exactly to the Open, High, Low, or Close values. This is particularly noticeable in Forex markets and in any type of market where there is not a well-defined tick size. If you find that the snapping is not occurring to the price levels that you want, then try reducing the Tick Size in the Chart Settings.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Marker tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
The only difference is that a copy of the Chart Drawing is made first before you begin adjusting the copy of the Chart Drawing.
When this option is set to Yes, then when the Chart Values tool is active and the Time Box is displayed, then the Day of the Week will be displayed in the Time Box.
When using the Chart Values Tool, the Crosshair can be displayed on multiple charts within the same Chartbook 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 Chart Drawing modification function, make sure it is added to the Chart Drawing Shortcut menu. Refer to Customizing Chart Drawing Shortcut Menu for instructions.
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:
In the case of an extending type drawing like a Ray, the particular point that will be adjusted is going to be relative to the entire drawn line and not to the beginning point and second anchor point for that Ray. Therefore, if you want to adjust the second point, it is necessary to left-click somewhere in the second half of the line based on the visible portion of the line.
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.
Position your Pointer where you want enter the text and left click the pointer. Enter the text in the displayed text box and press OK.
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.
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.
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.
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.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Reward/Risk tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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 point B. The line A-B represents the length of price move.
Gann Drawing Tools can prompt you for an update to the value of this setting. The definition of Value Increment Per Bar in Ticks is the value of one unit price over one unit of time (bar). For example: With an actual Value Increment Per Bar in Ticks of 10, a rising 45 degree line will be one that rises 10 points for every bar.
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.
The Compact Tool Values Window top left corner must be contained within the coordinates of the chart window itself, for the Compact Tool Values Window to move with the chart window it is associated with. Otherwise, it will not. It is designed this way because there are problems with moving it under certain conditions when it is not within the bounds of the chart window it is associated with.
Note that when using a Control Bar button for a Custom Drawing Tool, the selected Drawing Tool Configuration number for that tool is always set to the Config # that was selected when the Control Bar Button was created.
You can quickly change the Color, Line Style, and Line Width of a Chart Drawing by right-clicking on a Chart Drawing with your pointer.
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.
Therefore, it is possible that a Chart Drawing Alert as it is configured, may get skipped. This can happen if the condition occurs in between chart updates.
Press the Show/Hide buttons to show or hide the drawing (Show or Hide will be displayed depending on the state of the selected drawing).
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 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 become visible when using a Chart Drawing Tool or the Chart Values tool.
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.
This tool allows selection of existing chart drawings. It is also intended to be the tool selected when no other interaction with the chart is desired.
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 customize it, select Global Settings >> Customize Chart Drawing Menu on the menu. Add the commands that you require and press OK.
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 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.
When this option is set to Yes, then when the Chart Values tool is active and the Time Box is displayed, then the Seconds will be displayed in the Time Box.
Position your Pointer where you want to start the first Parallel Ray and left click the Pointer. Move the Pointer where you want the line to end and left click again.
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.
Alternatively, a drawing can be hidden by selecting the Tools >> Manage Chart Drawings Window, selecting the drawing to be hidden and then selecting the Hide button. Note that the Hide button and the Show button occupy the same space and are displayed according to the state of the drawing (that is, if a drawing is not hidden, then the button will say Hide, whereas if the drawing is hidden then the button will say Show.
This is different from how the selection of a Drawing Tool Configuration is performed when selecting only the Drawing Tool itself. In the case where only the Drawing Tool is selected, then the previously selected Drawing Tool Configuration number for that drawing tool will be automatically selected. For example, when using the Extending Rectangle tool with Tools >> Current Tool Config >> Config 9, and then switching to using the Line tool with Tools >> Current Tool Config >> Config 1, and then changing back to the Extending Rectangle tool, the selected Current Tool Config for the Extending Rectangle will be Config 9.
The Make Line Parallel Chart Drawing modification function is used to make an existing Chart Drawing parallel to another Chart Drawing on the chart. This option is only available for the Line, Ray, Extended Line, and Arrow Drawings. Additionally, these drawings can only be made parallel to one of the following drawing types: Line, Ray, Extended Line, Calculator, Arrow, Raff Regression, Linear Regression, Parallel Lines, Parallel Rays, Pitchfork, Pitchfork - Schiff, or Pitchfork - Modified Schiff. Follow one of these methods to make a line drawing parallel to another drawing:
There is no built-in support for exporting Chart Drawings to a text file. However, there are many alternatives to let you accomplish this and other methods related to Chart Drawings. They are explained here.
To move a Rectangle | Extending Rectangle | Ellipse | Triangle Chart Drawing, first requires that you left click on one of its edges. Once the Chart Drawing is selected, left click in the middle of the drawing to initiate the move.
The Compact Tool Values Window does not display the bar average values which may be enabled in Chart >> Chart Settings >> Display >> Display Main Price Graph Values in Values Windows >> Settings. You will instead need to use the Tool Values Window for these values.
The Global Chart Drawing Font applies to Chart Drawings that display text whether as part of the drawing type like with the Type Text, Stationary Text drawing types, or optionally display text like with the Price Retracement drawings.
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.
When you are done updating a configuration, press the Save button on the Configuration/Properties window to save your changes.
If two or more of the bar levels are at the same location (same price), then a selection is automatically made on which one to display based on the following hierarchy: High, Low, Close, then Open.
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.
To use this tool, select Tools >> Raff Regression Channel on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.
Otherwise, all the drawing tools are drawn in a Linear Scale and ignore the logarithmic setting. This means that lines will be straight and appear parallel.
The solution to this is to lower the Chart Update Interval for the chart. Although this creates more of a CPU load. Therefore, you may want to put the chart with the Chart Drawing alerts and the lower Chart Update Interval on a sub instance of Sierra Chart.
Press the Alert button to set an alert on the Chart Drawing if it supports an alert, or to modify an alert that is already set for a drawing.
Additional parallel lines can 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.
The following Chart Values tool settings are located on the Chart Values tab in the Global Settings >> Tool Settings window.
For Point and Figure Charts, the general rule is you should use a Value Increment Per Bar in Ticks which would be equivalent to the Box Size setting.
Each drawing tool has 24 different configurations. For detailed instructions on how to set each of these different configurations, refer to Using Multiple Drawing Tool Configurations.
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.
The Time Expansion tool can be used to mark bars which are the specified number of bars forward from a particular point.
Scroll the chart to the position where you want to end the drawing and left click again with your pointer to end the drawing.
Each Drawing Tool in Sierra Chart supports 24 individual configurations that can easily be selected before you use that Drawing Tool. This is controlled through the Tools >> Current Tool Config menu and the selection applies to the currently selected Drawing Tool.
Select Tools >> Manage Chart Drawings Window. Find and select the Chart Drawing in the list of drawings and press the Hide button.
If there are multiple Chart Drawings converging at the point where you left click to select a drawing, then multiple drawings may be selected. These drawings will be drawn with numbers for identification.
Position your pointer to place Point A and left-click to place the point. Move the pointer to place Point B, and left-click a second time to place this point. Move the Pointer to place Point C and left-click a third time to finish the drawing.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
This section shows how to apply a predefined Tool Configuration to an existing Chart Drawing by adding the Tool Configuration to a Control Bar. To setup this capability, follow these steps:
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.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Parallel Rays tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Horizontal Ray tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
In the case of a Ray drawing, when it is extended on a Logarithmic scale it goes to the correct transformations. First the vertical scale values go through a base 10 logarithmic conversion. After this, an extension is done on the Ray drawing using these logarithmic values. After the extension is complete, these vertical scale base 10 logarithmic values, are converted back to the actual values by raising the number 10, to the power of these logarithmic values. These points are then drawn on the chart.
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.
All Pitchfork drawings are 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 points A, B, and C respectively.
When using this setting, it is necessary to understand that the chart context menu will not display until a second right click after the active Drawing Tool has been changed to the specified tool.
When this option is set to Yes and the Global Settings >> Tool Settings >> Support Left Click To Select Chart Drawings option is also set to Yes, then double-clicking on a Chart Drawing with the Pointer will display the Chart Drawing Properties window for the drawing.
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.
When using the Global Cursor and it is not active on all of the charts in the current Chartbook, then this will be because for the charts where it is not appearing, Tools >> Chart Values is not selected.
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.
When this option is set to Yes, 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.
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.
Parallel 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 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.
When this option is set to Yes and a new Chart Drawing is being created on the chart with one of the Tools, then the method of interaction is by using the left Pointer button to set the first point of the Chart Drawing at the current location of the Pointer on the chart, continuing to hold the left button down, and move the Pointer to the location of the second point and then release the left Pointer button to finish the drawing. To modify a Chart Drawing when this option is set to Yes, use the left Pointer button on the Chart Drawing at the location where you want to modify it, continue to hold the left Pointer button down, and move the Chart Drawing as required and then release the left Pointer button. When this option is set to No, then to initiate a Chart Drawing, left click the Pointer and release, move the Pointer to the second point and left click the pointer again. This option is supported with touchscreens as well.
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 as you adjust the new copy from the point that you double-clicked.
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 interval and left click the pointer, move the pointer to the bar where you want 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 to complete the drawing.
Note that due to differences in the time scales for different charts, that as the crosshair approaches the far left (beginning of time for the chart) or far right (end of time for the chart) of a particular chart, the crosshair will then move off center and approach the left or right side to align with the proper time in that window.
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.
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. The option of None will not change the tool after use, and will leave the selected drawing tool active after it is used.
This section lists Tool Configuration settings and Chart Drawing Properties specific to the Fibonacci Fan and Gann Fan tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
When this option is set to Yes, then after you create a drawing, it will continue to be selected as noted by having handles drawn along the drawing.
Chart Drawings can also be adjusted up or down in price after a futures contract rollover. For instructions, refer to Adjusting Chart Drawings to Match Futures Contract Rollover Difference
Move the Pointer to the bar for which you want the date information drawn on the graph, and left-click to have the information drawn on the graph.
The standard Pitchfork (sometimes referred to as a Median Line Tool or a Andrews Pitchfork) fixes the Handle point of rotation as the given point A that is entered with the initial Pointer click.
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.
Left click near the point that you want to adjust and move the pointer to the new desired location and left-click to set the point.
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 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 above for more information.
You are able to copy Chart Drawings from one chart to another chart within the same Chartbook or another Chartbook. For full documentation, refer to Copying Chart Drawings from Other Charts Automatically.
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.
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.
It is also supported to copy a Chart Drawing first and then adjust the copy of the Chart Drawing. This is documented below in the section Copy and Adjust Drawing.
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.
The color, style, and width of the Crosshair lines and Price and Time boxes is controlled on the Global Settings / Chart >> Graphics Settings windows. Refer to the following Color and Width items within Colors and Widths tab of the Graphics Settings window.
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 upwards starting from 0% at the topmost point and the percentages will increase from this topmost point.
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.
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.
Refer to Adjusting Rectangle, Extending Rectangle, Ellipse Drawings in regards to adjusting Rectangle and Ellipse drawings.
To change the configuration for existing Chart Drawings already drawn, you need to right-click on a Chart Drawing and select Chart Drawing Properties on the Chart Shortcut Menu displayed. If you do not see the Chart Drawing Properties command listed on the Chart Shortcut Menu, then you need to add it to the Chart Shortcut Menu. To do this, refer to the Customizing Chart Drawing Shortcut Menu section.
Otherwise, it is not possible to select a rectangle drawing in any way when left or right clicking in its interior. You will need to select through its edges only.
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 set the Tool Configuration or modify the Drawing Properties for an existing Chart Drawing, refer to Drawing Tool Configuration.
When this option is set to Yes, then when the Chart Values tool is active and the Time Box is displayed, then the month will be displayed in the Time Box.
Change the number of cycles drawn using the Options >> Number of Cycles property. As they are added/removed, you can see the Cycle drawing update on the chart.
Use the Adjust Drawing modification function to adjust the beginning, middle (in the case of a drawing with 3 points) or ending point (anchors) of any type of existing Chart Drawing on a chart drawn with a drawing Tool.
To reduce the possibility of initiating an adjustment of the top or bottom line of a rectangle when you intend to initiate a move when there is very little vertical height of the rectangle, reduce the Drawing Selection Margin in Pixels setting. This margin is necessary so you do not have to click directly on the exact pixel coordinate of the line of a rectangle.
Mapping of Chart Drawings Between Historical Daily and Intraday Charts: When a Chart Drawing like a Line is drawn on a Historical Daily or higher timeframe chart and then the chart bars are changed to an Intraday timeframe, the Date of a particular anchor point on the Historical Daily chart will map to the chart bar containing 12:00:00 on that same Date on the Intraday chart. The anchor points will not map to the chart bar containing 00:00:00 on the Intraday chart.
Add one or more of these Custom Text Drawing tool buttons to the Control Bar. Press the Set Custom Text button to configure the text that will be drawn.
To configure a default Alert Condition for Chart Drawings which will be applied when you draw a new Chart Drawing, follow these steps:
If you have any problems moving the chart with the Hand tool, 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 that 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.
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.
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.
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.
When this option is set to Yes, then when the Chart Values tool is active and the Time Box is displayed, then the hour will be displayed in the Time Box.
To use any of these tools, select Tools >> Horizontal Line | Horizontal Ray | Horizonal Line Non-Extended | Vertical Line on the menu. For additional methods of selecting these tools, refer to the Selecting Drawing Tools section.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Arrow tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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.
The option for Extend on the Tools >> Tool Configs >> Gann Fan Config window under the Options tab controls whether the lines for the Gann Fan are extended beyond the location of the second point when being drawn. When this option is disabled, it is important to understand that the size of the Gann Fan drawing should be at least 10 bars beyond the first point. This is necessary in order to be able to visualize the Gann Fan when the Chart timeframe is changed.
Refer to the Drawing Tool Configuration section to configure this drawing tool and specify what calculations to calculate and display.
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.
Nearest Match: The Date and Time of a Chart Drawing point is mapped to the bar with the nearest matching Date and 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 10:15, not the 10:10 bar since the 10:15 bar is the nearest match.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Line | Ray | Extended Line tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
The selection of snapping to the High or Low of a bar is determined by the distance of the anchor point that is being moved to the High or Low of the bar. If the distance to the High of the bar is less than or equal to the distance to the Low of the bar, then the point will be moved to the High of the bar. Otherwise, the point is moved to the Low of the bar.
Enter the drawing number from the keyboard and press Enter to select the drawing and then press the Delete key to erase the specific drawing.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Reward/Risk tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
To use this tool, select Tools >> More Tools >> OHLC Ray on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.
The Compact Tool Values Window will always display when the Chart Values Tool is selected and activated (left click once on the chart). Whether the Chart Values Tool is displayed with other tools is controlled by the Action When Other Tools Selected setting.
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.
Move the Pointer above or below the first Parallel Ray to set the position of the second Parallel Ray and left click the Pointer to complete the drawing. Any additional Levels that have been specified in the Parallel Rays Configuration window will be drawn.
Windows 10: To use different pointers go to the Start menu on your Windows Taskbar. Select Settings. Select Devices. Select Mouse (this is located on the left side of the window). Select Additional Mouse Options (this is located on the right side of the window), this opens the Mouse Properties window. Select the Pointers tab. Change the Normal Select and the Precision Select pointer to the pointer style you want to use.
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.
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.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Parallel Lines tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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.
The Flip Horizontal Chart Drawing modification function performs a horizontal flip of the anchor points of the following Chart Drawings:
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.
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 minute per bar chart, this drawing point will be mapped to the 10:10 bar since it contains the times between 10:10:00 and 10:14:59.
The tool also draws information on the right side of the chart for the Price and Date/Time of the bar. The specific information that is displayed is configurable in the OHLC Ray Configuration window (see Tool Configuration below).
The text displayed beside the Target price indicates the values for the Entry, Stop, and Target locations. The Reward/Risk ratio will be displayed after the Entry price text.
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 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.
To take advantage of the maximum amount of space on the right side of a chart when using a higher Chart >> Chart Settings >> Display >> Number of Forward Columns setting, follow these instructions:
Parallel Rays, 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 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.
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.
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.
A positive percentage draws lines which originate from the first line towards the second line. For example a 50% value will draw line in the middle of the first and second parallel lines. A negative percentage draws lines which originate from the first line and are placed away from the second line.
For a Historical Daily Chart, the time intervals are based on the Days, Weekly, Monthly, Quarterly, or Yearly setting in the Chart >> Chart Settings window.
When this option is set to Yes, 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.
This section documents the Price Retracement (2 point), Price Expansion (2 point), and Price Projection (3 point) tools.
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.
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The following Tool Configuration Settings and Chart Drawing Properties apply to the Gann Grid and Gann Fan drawing tools.
To use this tool, select Tools >> Arrow on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Pitchfork | Pitchfork - Schiff Median | Pitchfork - Modified Schiff tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
You are able to change the Font for the Tool Values Window and the Compact Tool Values Window. For example, you may want to make the font smaller to display more text in less space. To Adjust the Font:
To use this tool, select Tools >> Cycle on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.
An Extending Rectangle is a rectangle that extends either all the way to the right or left of the graph (depending on the direction in which it is drawn).
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.
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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 above for more information.
Or you can click on the drawing you actually want to move, away from the point where the drawings are converging, and then press the Delete key to erase the drawing.
Academic Intervention Toolschart
For the Horizonal Line Non-Extended, position your pointer where you want the horizontal line to start and left click with your Pointer. Move the Pointer to where you want the horizontal line to end, then left click again with your Pointer.
Control Bar buttons can be added which can place specific text on the chart when clicking the left Pointer button on the chart.
The Marker tool is used to display a marker on the chart. Point, Dash, Square, Star, Plus, X, Arrow, Triangle, and Diamond Markers are supported.
Chart Drawings which indefinitely extend to the left or right, or Chart Drawings which have fixed beginning and ending anchor points, can be cut at any point along the drawing to set a new location for the anchor point at the cut location.
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.
If you decide that you do not want to select a drawing to move, then press the Escape key on the keyboard to deselect the drawings and remove the identification numbers.
When this option is set to Yes, 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.
Press the Lock/Unlock buttons to lock or unlock the drawing (Lock or Unlock will be displayed depending on the state of the selected drawing).
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.
The Chart Drawing modifications on the destination chart are mirrored on the source chart. Depending upon the Chart Update Interval, there may be a slight delay with the final changes appearing on the destination chart.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Time Projection tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Linear Regression tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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.
You can press the Control key on your keyboard at the time you left-click on a Chart Drawing in order to first make a copy of the Chart Drawing. The Move will then be performed on the copy of the Chart Drawing.
When drawing line, it is possible to make it horizontal or vertical. 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.
Note that the angle is determined from the data in the chart, not from the visual display. Since the slope is determined by the difference in the number of ticks (Y) divided by the difference in the number of bars (X), a line that is defined as a 45 degree angle (slope of 1), will most likely not visually appear to be at 45 degrees due to the geometry of the chart.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
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 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.
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.
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 then be performed on the copy of the Chart Drawing.
To enable this functionality, select Global Settings >> Tool Settings >> General and enable Support Left Click to Select Chart Drawings.
By default, 2 lines are displayed. Additional lines are automatically drawn based upon the specified Levels in the Parallel Rays Configuration window. Refer to Tool Configuration below.
Move the Pointer to the High, Low, Close, or Open of the bar for which you want to draw the ray and information, and left-click to draw the ray.
Enter the drawing number from the keyboard, and the drawing adjustment will start after pressing the Enter key on the keyboard.
There are various options which can be configured for each Custom Text Drawing tool button. These are found by selecting the Set Custom Text... button on the Customize Control Bar # window. They are as follows:
The time intervals in the Forward Projection Area are based on the chart bar timeframe/period settings in the Chart >> Chart Settings window.
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.
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.
Prior to starting a drawing, select the Drawing Tool you desire and then select the appropriate Tool Configuration on the Control Bar. The drawing will use the settings from the selected Tool Configuration.
When you need to select a Cycle drawing to Move it, Adjust it, or Erase it - such as when you have selected Tools >> Move Drawing - 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 above for more information.
The Reward/Risk tool, is 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 of 3 means that based upon the selected prices, the potential profit will be 3 times the potential loss.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
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.
When this setting is set to Yes, boxes that show the Time and Price information are displayed in the respective scales area for the location of the Crosshairs.
To use the Compact Tool Values Window in a way which is equivalent to the old Status Bar, refer to this Support Board Posting.
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.
When this option is set to Yes, the Chart Values tool will always be active when Tools >> Chart Values is enabled/checked.
When using one of the Drawing Tools and you want to stop the drawing and not complete it, right click with your pointer and the operation will be canceled.
When this option is set to Yes, the Compact Tool Values Window will be displayed horizontally rather than the default of vertically.
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.
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.
A tool will remain selected until you select a different tool from the Tools menu, use one of the other methods to select a tool, or if you have the option Global Settings >> Tool Settings >> After Single Tool Use Change To set to something other than None.
To use this tool, select Tools >> More Tools >> Date Marker on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.
The vertical and horizontal lines drawn by the Chart Values tool are combined with the existing graphics on the chart using an exclusive or operation with the existing graphics. This allows, the prior lines to be removed as you move the Chart Values Tool around the chart, very efficiently. This means that the color of them, can be different than the color you selected.
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.
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.
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.
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.
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.
To do this, go to Global Settings >> Tool Settings >> Chart Values >> Action When Other Tools Selected and set it to Always On When Using Other Tools.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
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.
When this option is set to Yes, and when using the Global Cursor option with the Chart Values Tool, the other charts that do not have the active pointer, 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.
When drawing an ellipse drawing and you draw it as a perfect circle, if you want it to maintain that same shape, it is necessary to use fixed timeframe chart bars, therefore not using Number of Trades, Volume, Range, Reversal, Renko, Delta Volume, Price Change, Point and Figure Bars, do not change the timeframe of the chart bars, or change the bar spacing.
To snap the point(s) of a Chart Drawing, right-click on the Chart Drawing and select Snap to High/Low or Snap Side to High/Low. 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.
When using the Snap to High/Low option, all of the possible anchor points that can be moved to the High or Low of a bar are adjusted. When using the Snap Side to High/Low option, only the anchor point that is closest to the Pointer right-click will be moved to the High or Low of a bar. Note that exactly which anchor points are moved will vary depending on the type of Chart Drawing that is being modified.
The Levels tab of the Tool/Drawing Configuration for the Gann Fan controls the individual drawn lines. You can control how many lines are visible, the slope of those lines and the color, style, and width of those lines. The slope is simply calculated as rise over run. One unit of price by one unit of time (1x) will be a slope of 1. One unit of price by two units of time (1x2) will be a slope of .5.
Enter the drawing number from the keyboard, and the drawing move will start after pressing the Enter key on the keyboard.
In the case of a Rectangle, Extending Rectangle and Ellipse drawing, the first 25% of the drawing signifies adjusting the beginning, the last 25% signifies adjusting the end, and the middle signifies a Move. Therefore, when you right-click on one of these Chart Drawings you can specifically indicate whether you want to perform an Adjust Drawing or a Move Drawing without having to make an additional selection to specify the action.
When one of these drawings is selected, two lines are drawn in the shape that define the first 25% and last 25% of the shape (in the case of the Extending Rectangle the percentages are based on the viewable area of the rectangle in the graph). By left-clicking in the area that defines the first 25% of the shape, you will then be performing an Adjust Drawing for the left side of the drawing. By left-clicking in the area that defines the last 25% of the shape, you will then be performing an Adjust Drawing for the right side of the drawing. By left-clicking in the middle area between the two lines (the middle 50% of the shape) you will then be performing a Move Drawing.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Raff Regression Channel tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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.
This setting controls the number of configuration buttons displayed on the Config (Configuration) tab of a Chart Drawing Properties or Tool Configuration window. These buttons allow you to quickly change the configuration of the Chart Drawing being modified, just by pressing the button. Or load the configuration from the selected number, in the Tool Configuration window.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
This is an alternative to using the scrollbar at the bottom of the chart. Vertical movement as well is optionally supported.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
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.
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.
Altheratively, you can open the Chart Drawing Properties window for one of these drawings by right-clicking on the drawing and selecting Chart Drawing Properties and then selecting the Anchors tab and then selecting the Flip Vertical button.
You are able to programmatically access the Chart Drawings through ACSIL. Use the sc.GetUserDrawnChartDrawing function. There are other functions as well.
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 erase a Rectangle, Extending Rectangle, Ellipse, or Triangle Chart Drawing, refer to the Erasing Chart Drawings section.
When this option is set to Yes then Drawing Tools that involve line positions across all the bars (such as Line, Ray, Pitchfork, and Parallel Lines) will be drawn in the Logarithmic scale meaning that these items will be curved or may not appear parallel.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Cycle tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
Windows 7: To use different pointers 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 the pointer style you want to use.
Chart Drawings drawn with Drawing Tools have 1 to 4 points (may also be referred to as Anchors throughout this documentation). Each of these points are associated with a specific Date and Time and y-axis value.
In the case of an Historical Daily stock chart, you may want to use a Value Increment per Bar in Ticks of 50. You just have to experiment and see what is best.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Text | Stationary Text tools. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
for the descriptions of settings that are common between the Gann Grid and the Gann Fan, refer to Common Tool Configuration Settings and Chart Drawing Properties for Gann Grid and Gann Fan. 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.
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.
It is also supported to copy a Chart Drawing first and then move the copy of the Chart Drawing. This is documented below in the section Copy and Move Drawing.
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. Enter a percentage value as a whole number (enter 1 for 1%, 2.5 for 2.5%, etc.). The higher the number entered, the more sensitive the snapping will be - that is that you can be further away from the bar and still have it snap to the Open/High/Low/Close.
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. 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.
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.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Rectangle | Extending Rectangle | Ellipse | Triangle tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
When selecting a Chart Drawing, along its line or its edges, this setting controls the margin in pixels on either side of the line or edge which will be considered a selection of that line or edge.
When this option is set to Yes, then when the Chart Values tool is active and the Time Box is displayed, then the day of the week will be displayed in the Time Box.
When this option is set to Yes, then after you modify a drawing using Move, Adjust or changing the Properties, it will continue to be selected as noted by having handles drawn along the drawing.
Refer to the Common Tool Configuration Settings and Chart Drawing Properties for Gann Grid and Gann Fan section for the possible choices.
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, both of which are on the Chart Settings page. Select Chart >> Chart Settings >> Chart Drawings.
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.
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.
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.
Throughout this documentation, when it is documented to right-click on a Chart Drawing and then 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 Menu window.
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.
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For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
The following are descriptions of the settings for each drawing tool. Many of the Drawing Tools share the same settings - these are described in the Common Tool Configuration areas.
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.
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 >> Chart Drawings.
When using the Automatically Copying Chart Drawings to Another Chart functionality to copy Chart Drawings from one or more source charts onto a destination chart, it is fully supported to modify and delete those Chart Drawings on the destination chart. This is supported in version 1549 and higher.
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.
When the option for Vertical Movement with the Hand tool is enabled, it is then possible to 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.
To use this tool, select Tools >> Marker on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.
If, however, the Control Bar Button for a Custom Drawing Tool for an Extending Rectangle is selected in which Config 3 was configured as part of the button, then Config 3 will be selected for that Drawing Tool and for any selection of the Extending Rectangle going forward until specifically changed.
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.
Each cycle is based on the 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 >> Bar Period >> 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.
To add or remove cycles from an existing Cycle drawing, right-click on the base of the cycle drawing (see image and description below) and select the Chart Drawing Properties 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.
Changes to the default Tool Configurations do not affect existing Chart Drawings you have drawn on a chart, it only affects drawings made after the change to the defaults.
Additionally, some items may not be available for modification when editing the Drawing Tool Configuration, but will become available when editing the Chart Drawing Properties.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Gann Grid tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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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.
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.
Press the Undo button to reverse the last action taken with respect to the Chart Drawings. This could include moving, cutting, or drawing the drawing. Selecting this button is not associated with any selected drawing, it undoes whatever the last action is for all Chart Drawings.
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:
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.
The Linear Regression tool is used to draw a linear regression line across the specified bars with 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.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Horizontal Line tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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.
It will also be visible when another drawing tool is active and the Chart Values option Always On When Using Other Tools is selected.
This Chart Drawing Shortcut option allows one level of a drawing, that contains multiple levels, to be hidden (turned off). There are multiple methods to be able to hide a level for a drawing, each is described as follows:
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.
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.
To change the cursor for the Hand tool, go into the operating system Control Panel >> Mouse Properties and then change the "Pointer >> Link Select" cursor.
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.
The Drawing Tool Configuration windows will be slightly different depending on whether you are setting the default configuration for the Drawing Tool or you are changing the Properties for an existing drawing on the chart. For example, there will be an Anchors tab for the Chart Drawing Properties window which will not be present on the Chart Tool Configuration window.
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.
In order to select an existing drawing, place the screen pointer over the desired drawing and left click. Once selected the drawing can be manipulated based on the allowed changes for the specific drawing.
The default is 150. You may need to increase this as you require. Refer to Number of Forward Columns for further information.
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 will compress and expand instead of being moved up and down.
Left click with your Pointer on the chart to set the first point, move your Pointer until you get the desired region and then left click again. For the Rectangle, Extending Rectangle and Ellipse, this will close the drawing.
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 and restored when you reopen your charts.
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 included in the auto-snapping locations in addition to the High and Low.
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.
When Global Settings >> Tool Settings >> Support Left Click to Select Chart Drawings is enabled, and you left-click on a Chart Drawing when either the Pointer, Chart Values, or Hand tools is selected, the Chart Drawing will become selected.
This Chart Drawing modification function works identically to the Move Chart Drawing modification function described above. The only difference is that a copy of the Chart Drawing is made first before you begin moving the copy of the Chart Drawing.
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, it will follow a linear advancement through the defined Custom Text Drawing tool configurations.
Position your Pointer 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 until you have drawn all required lines, then right click the Pointer to end the drawing.
When this setting is set to Yes, the Compact Tool Values Window will always be visible when the Chart Values tool is the selected active tool in the Tools menu.
On a Logarithmic scale, each point is drawn exactly at the original Date-Time and vertical Value that it was originally drawn to when using the Tool. There is correct display of a Line on a Logarithmic scale. If you want the Line to be curved so that the imaginary points along the line are drawn to their true correct values, then enable Global Settings >> Tool Settings >> Other >> Support Curved Lines on Logarithmic Scale.
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.
By default, the Pointer Tool selects an existing Chart Drawing by left clicking on the drawing when this tool is active. This can be changed by unselecting the Support Left Click to Select Chart Drawings option on the Global Settings >> Tool Settings dialog.
Undo and Redo functionality is supported for the modified Chart Drawing only on the source chart where the drawing originated from. Therefore, you can go back to the source chart and undo a modification or a deletion. Or redo it if it was undone. It is not possible to undo a modification or deletion on the destination chart of a copied Chart Drawing.
Altheratively, you can open the Chart Drawing Properties window for one of these drawings by right-clicking on the drawing and selecting Chart Drawing Properties and then selecting the Anchors tab and then selecting the Flip Horizontal button.
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.
If there are multiple Chart Drawings converging at the point where you left click to select a drawing, then multiple drawings may be selected. These drawings will be drawn with numbers for identification.
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.
It is possible to scroll the chart while in the Move Drawing mode to move the Chart Drawing to another area of the chart.
Select Tools >> Adjust Drawing or Tools >> Copy and Adjust Drawing on the menu or use the Adjust Drawing Control Bar buttons.
The OHLC Ray drawing tool allows you to draw a horizontal Ray line from the High, Low, Close, or Open of a bar to the right side of the graph.
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.
Position your pointer on the bar where you want to start the time interval and left click the pointer. Move the pointer to the last bar where you want to end the time interval and left click again.
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 fan lines. In addition, the angle value that is displayed in the Tool Values Windows when creating or modifying the Gann Fan is determined by the position of a virtual line from the first point to the second point relative to the horizontal. Otherwise, it is not used in the calculations.
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.
The font size of the numbers is controlled with the Global Chart Drawing Font. You can increase it or decrease it as required.
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.
When selecting a point in the first 25% or last 25% in order to perform an Adjust Drawing the nearest corner point will be selected and adjusted, not just the corner that has the initial anchor point.
When the Chart Values tool is selected from the Tools menu, the standard Precision Select pointer set in Windows for the Mouse is displayed. However, if you have enabled Global Settings >> Tool Settings >> Chart Values >> Always On When Chart Values Tool Selected, then the standard Normal Select pointer will be used instead.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
The general rule is that you will need a larger Value Increment Per Bar in Ticks 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.
Once you get a Chart Drawing in ACSIL, you can then output the data of it to a Spreadsheet. Refer to Direct Programmatic Interaction with Spreadsheet Sheets.
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.
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.
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.
The calculation of the Currency Value for the Reward/Risk tool takes into account the current Quantity that is set for the chart. For more information, refer to the Reward/Risk Configuration.
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.
Move the Pointer above or below the first Parallel Line to set the position of the second Parallel Line and left click the Pointer to complete the drawing. Any additional Levels that have been specified in the Parallel Lines Configuration window will be drawn.
To use this tool, left click with the pointer on the chart to set the beginning point. Move your pointer to where you want to end the line and left click again to set the end point.
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.
When a drawing uses any Draw Style other than the Solid Line and has a width other than 1, then this will cause performance issues related to the CPU of the computer.
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. The differences in the three different pitchfork tools is how it calculates the handle's (or Median Line's) point of rotation. The standard Pitchfork (sometimes referred to as a Median Line Tool or a Andrews Pitchfork) fixes the Handle point of rotation as the given point A that is entered with the initial Pointer click. The Pitchfork - Schiff Median fixes the Handle point of rotation as the same X (time) position as Point A, but then uses the average of the Y (Price) values for Points A and B. Therefore, the Handle point of rotation X and Y coordinates are (Point A X-Value, (Point A Y-Value + Point B Y-Value)/2). The Pitchfork - Modified Schiff fixes the Handle point of rotation as the average of points A and B in both X and Y. Therefore, the Handle point of rotation X and Y coordinates are ((Point A X-Value + Point B X-Value)/2, (Point A Y-Value + Point B Y-Value)/2).
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.
When this option is set to Yes 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.
All of the menu commands documented in this section can also have Keyboard Shortcuts assigned to them. The keyboard shortcut can be used to invoke that command.
With Rectangle | Extending Rectangle | Ellipse | Triangle type of drawings, when they have very little vertical height it may be difficult to initiate a Move of the drawing with the Left Click Selection method, and an Adjust is initiated instead of the top or bottom of the rectangle.
To configure the default settings for a Drawing Tool, select Global Settings >> Tool Configs >> [Tool Name] Config on the menu.
Keep in mind that charts from other Chartbooks that are currently visible because they have Window >> Window Always Visible enabled, will not display the crosshair if they are in another Chartbook. This is not supported.
The Chart >> Chart Settings >> Chart Drawings >> Allow Modification of Chart Drawings from Other Charts option needs to be enabled on the destination chart to support modifying copied drawings. Disable this option on the destination chart to not allow the modification of Chart Drawings on the destination chart they are copied to.
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 the bar which is nearest to the point, if there is one of these values nearby.
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.
When this option is set to Yes and when a Chart Drawing is currently selected, a right-click operation with the pointer will cause the Chart Drawing to be deleted. For more information, refer to Erasing By Selecting and Right Clicking.
These Chart Drawing modification functions will snap a Chart Drawing or one of the Chart Drawing points, to the nearest High or Low of the chart bars that the point(s) of the drawing are on.
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.
If you want the chart scale to remain completely the same, with the High value and Low value as you use the Hand tool to scroll the chart left and right, then refer to Using Fixed Values for Top and Bottom of Scale Range.
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 as well.
For Number of Trades, Volume, Range, Reversal, Renko, Delta, and 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.
Rather, the preset text will be displayed automatically. If you do not want this behavior, then remove the preset text in the Drawing Tool Configuration window for these tools.
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.
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. 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 option for Extend on the Tools >> Tool Configs >> Fibonacci Fan Config window under the Options tab controls whether the lines for the Fibonacci Fan are extended beyond the location of the second point when being drawn. When this option is disabled, it is important to understand that the size of the Fibonacci Fan drawing should be at least 10 bars beyond the first point. This is necessary in order to be able to visualize the Fibonacci Fan when the Chart timeframe is changed.
The Raff Regression Channel tool is used to draw a linear regression line across the specified bars with two parallel lines above and below it. The distance between these parallel lines and the linear regression line is equal to the greatest distance of the highs and lows of the bars that the linear regression line is drawn across.
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.
To show the Chart Drawings for other symbols, go to the chart and enable Chart >> Chart Settings >> Chart Drawings >> Show Chart Drawings for Different Symbols.
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.
In the case of an extending type drawing like a Ray, the particular point that will be adjusted is going to be relative to the entire drawn line and not to the beginning point and second anchor point for that Ray. Therefore, if you want to adjust the second point, it is necessary to right-click somewhere in the second half of the line based on the visible portion of the line.
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.
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:
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.
When this option is set to Yes, 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. This allows the Volume Profiles to be erased, adjusted, or moved. For complete documentation, refer to Draw Volume Profile.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Reward/Risk tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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 and left-click again. Move the Pointer to the desired location of the third corner and left-click again to finish the drawing.
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.
When setting the default configuration for a Drawing Tool, there may be less settings available for the Drawing Tool as compared to when changing the Properties for an existing Chart Drawing. The same Tool Configuration window is used in each case other than possibly less settings in the case of when setting the default tool configuration.
In order to change the settings for an existing Chart Drawing, select the drawing by left clicking on it with your Pointer when Pointer | Chart Values | Hand is selected on the Tools menu. Select the desired Tool Configuration on the Control Bar to change this selected drawing to the predefined configuration.
When this option is set to Yes, 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.
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.
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 a line directly at the same position as the second line. Using a percentage of 50 will draw a parallel line in the middle of the first and second lines. For more information refer to the Drawing Tool Configuration section.
When changing between a Linear or Logarithmic scale, there is a correct transformation of the Line or Ray drawing anchor points, between these types of scales.
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.
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.
If the crosshair is not showing or not showing in the expected location on charts other than the source chart which you are using the Chart Values tool on, then make sure the horizontal scroll position for those other charts is including the same Date-Time and the vertical scale is including the same price as the source chart which you are using the Chart Values tool on.
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 the bar which is nearest to the point, if there is one of these values nearby.
The Tool Values window opened with Window >> Tool Values Window can have both its size and position remembered for each chart window.
The Pitchfork - Modified Schiff fixes the Handle point of rotation as the average of points A and B in both X and Y. Therefore, the Handle point of rotation X and Y coordinates are ((Point A X-Value + Point B X-Value)/2, (Point A Y-Value + Point B Y-Value)/2).
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Price Retracement | Price Expansion | Price Projection tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
When this option is set to Yes, then when the Chart Values tool is active and the Time Box is displayed, then the year will be displayed in the Time Box.
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. The font size of the numbers is controlled with the Global Chart Drawing Font. You can increase it or decrease it as required. 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.
After you a change the heights of the Chart Regions, you may want to save your Chartbook by selecting File >> Save on the menu.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
Press the Adjust button 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 the drawing down.
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.
Therefore, in this particular case to always ensure that you initiate a Move of the Rectangle Chart Drawing, use the Move Drawing - Right-Click Method which involves the Chart Drawing shortcut menu.
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.
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 to complete the drawing.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
Before using the Line or Ray drawing tool for a specific angle, select Chart >> Chart Settings >> Chart Drawings and ensure that the Value Increment per Bar in Ticks is set as required. Usually it needs to be set to 1 which is equivalent to the chart Tick Size.
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.
If you decide that you do not want to select a drawing to move, then press the Escape key on the keyboard to deselect the drawings and remove the identification numbers.
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.
When this option is set to Yes then when a drawing is first drawn it will have the setting for Allow Copy to Other Charts enabled. Otherwise, if this option is set to No, then new drawings will have their setting for Allow Copy to Other Charts disabled.
The font size of the numbers is controlled with the Global Chart Drawing Font. You can increase it or decrease it as required.
To modify a Chart Drawing when this option is set to Yes, use the left Pointer button on the Chart Drawing at the location where you want to modify it, continue to hold the left Pointer button down, and move the Chart Drawing as required and then release the left Pointer button. When this option is set to No, then to initiate a Chart Drawing, left click the Pointer and release, move the Pointer to the second point and left click the pointer again. This option is supported with touchscreens as well.
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.
Enable this option by first enabling Tools >> Synchronize Charts and then enable Tools >> Synchronize Linked Charts Only.
This is a critical setting to ensure that the evaluation of the Chart Drawing Alert Condition is correct. Otherwise, the Alert Condition can be incorrectly True or False.
If an item described below does not display when editing the default Drawing Tool Configuration, then the setting is one that will display when the Chart Drawing Properties is selected for that drawing.
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.
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.
When this option is set to Yes, 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.
Before using the Line or Ray drawing tool, open the Drawing Tool Configuration window for that tool. To set the specific angle, set Use Line Fixed Angle to Yes and enter the angle in degrees from 0 to 90 in the Line Fixed Angle setting field.
This setting controls the number of configuration buttons displayed on the first tab of a Chart Drawing Properties or Tool Configuration window. These buttons allow you to quickly change the configuration of the Chart Drawing being modified, just by pressing the button. Or load the configuration from the selected number, in the Tool Configuration window.
When this option is set to Yes, then when the Chart Values tool is active and the Time Box is displayed, then the Milliseconds will be displayed in the Time Box.
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.
There are 3 Pitchfork Tools: Pitchfork, Pitchfork - Schiff Median, and Pitchfork - Modified Schiff. These tools are used in order to draw a central trend line along with upper and lower boundary lines.
As long as you have the Chart Values Tool 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.
To use this tool, select Tools >> More Tools >> Swing Marker on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.
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.
Keyboard shortcuts can be added for all Custom Text Drawing tool configurations on the Control Bar. Additionally there are keyboard shortcuts for Next/Previous Custom Text Drawing configurations.
In recent Sierra Chart versions it is 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. This eliminates the need to use 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.
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.
When this option is set to other than None, when a drawing tool has been selected but not yet used, when right clicking on the chart, this will change the active tool to the specified tool and the right-click shortcut menu will not display.
The Flip Vertical Chart Drawing modification function performs a vertical flip of the anchor points of the following Chart Drawings:
To change the Link Number of a chart, select Chart >> Chart Settings >> Linking from the menu. Select a number in the Link Number box in the Chart Linking frame. Refer to Synchronize Linked Charts Only for more information.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
If you decide that you do not want to select a drawing to adjust, then press the Escape key on the keyboard to deselect the drawings and remove the identification numbers.
It should first be understood how it is that a Rectangle type of Chart Drawing is moved through the Left Click Selection method. Refer to Moving Rectangle Drawings.
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.
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.
Each of these commands is on the Tools menu. They can be also activated with a keyboard command if setup through the Customize Keyboard Shortcuts, 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.
When one of the following tools is active: Pointer, Chart Values, Hand, or Adjust Regions, then do a single left click anywhere along a Chart Drawing. Handles will appear on that drawing.
In the case of a Point marker drawing, the Size setting in the Drawing tool configuration specifies the half-size of the ellipse. So the diameter will be twice the size. When Size Based on Bar Spacing is enabled, then the size will be based on the chart bar spacing.
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.
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.
When one of the following tools is active: Pointer, Chart Values, Hand, or 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. However, do not left click on one of the anchor points themselves. Otherwise, you will initiate an adjustment of the drawing for that particular anchor point.
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.
When this option is set to Yes, then when the Chart Values tool is active and the Time Box is displayed, then the Minute will be displayed in the Time Box.
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. Refer to Synchronize Charts for more information.
Position your Pointer where you want to start the arrow and left click the Pointer. Move the Pointer where you want the arrow to end and left click again.
To use this tool, select Tools >> More Tools >> Reward/Risk on the menu. For additional methods of selecting this tool, refer to the Selecting Drawing Tools section.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
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.
Selecting this option along with the Global Cursor adjusts all charts being viewed to show the same time on the screen as the location of the Chart Value tool in whichever window it is active within. This allows the timelines of multiple charts to be kept within view as the cursor is moved.
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 >> Chart Drawings.
Position your Pointer where you want to start the first Parallel Line and left click the Pointer. Move the Pointer where you want the line to end and left click again.
When you have preset 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.
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.
To display multiple lines of text, enter the text that you want on a separate line. Separate lines just by pressing the Entry key in the text box which displays when you left click on the chart when using the Type Text Tool.
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.
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 in Ticks would be 1.
As noted above, it is possible to apply a predefined Tool Configuration to an existing Chart Drawing by opening the Chart Drawing Properties window and selecting one of the Tool Configurations listed, or by selecting a Tool Configuration from the Chart Drawing Menu.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
Since the Zig-Zag tool creates individual lines that share a common ending and beginning point, the Tool Configuration settings and Chart Drawing Properties is set through the Line Configuration window. Refer to the Line | Ray | Extended Line Configuration documentation for more information.
When this option is set to a value other than None, then when right clicking over the chart, the active Drawing Tool is changed to the specified tool. If you are actively drawing a Chart Drawing, then this action is not performed.
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 >> Display . Adjust the Number of Forward Columns setting as required.
The Tool Values window is a very useful window to use with the Chart Values tool to view detailed data for each chart column.
This tool is configured through Global Settings >> Customize Control Bars >> Control Bar # >> Available Control Bar Commands >> Tools - Custom Text 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 the Show button. Refer to the image below. For complete documentation, refer to Manage Chart Drawings.
When this option is set to Yes, then when Tools >> Erase All Non-Text Drawings or Tools >> Erase All Text is selected, there will be a prompt to confirm. Otherwise, there will not be a prompt and the drawings will be immediately erased.
The Arrow tool is for drawing an arrow on a chart. When drawing the arrow, the head of the arrow is always at the location of the Pointer.
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.
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.
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 Line can be drawn on a Logarithmic Scale. When drawing the line either on a Linear or Logarithmic scale the Date-Time and vertical Value for each point is remembered according to the actual displayed values on the chart.
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 for instructions.
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, and Adjust Regions.
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, then left-click with the Pointer on the Graph where you want to draw the text.
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.
Turn this option on by selecting Tools >> Synchronize Charts. This option can be used with charts with different timeframes.
To select all of the items, select the first item in the list at the top. Scroll to the bottom of the list. Hold the Shift key on the keyboard and select the last item. All items will now be selected.
The Gann Grid 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.
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 do so.
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.
When this option is set to Yes, the anchor boxes or circles at the endpoints of the drawing, when displayed, will be the same color as the Chart Drawing itself.
Note that when selecting a Tool Configuration to use with the Zig-Zag tool, you are actually selecting a Line Configuration. As such, the Current Tool Config selections will show the configurations set for the Line Configuration, including any names that have been assigned to the different configuration options.
If the last trade price from the prior bar and the current bar were to cross a Line drawing, but this event occurs in between chart updates, then the alert is just not going to trigger. This can happen with more volatile price activity.
If there are multiple Chart Drawings converging at the point where you left click to select a drawing, then multiple drawings may be selected. These drawings will be drawn with numbers for identification.
The Modify Text Chart Drawing modification function is used to add or edit the text for any of the following Chart Drawing types:
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.
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.
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.
This sets the display color of the anchor boxes or circles that define the endpoints of a drawing. This color will only be used if the option Anchor Uses Drawing Color is set to No.
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.
When this setting is set to Yes, the Crosshairs for the Chart Values Tool will not be shown on the Chart when the Pointer is moved outside of the Chart window.
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.
When this option is set to Yes 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.
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.
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 #.
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For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
By default the Fibonacci Fan percentages are based on Fibonacci numbers. You are able to specify any percentages that you require. For example, specifying the percentages 66 and 33 will draw Speed Resistance lines.
Move the Pointer to the first bar for which you want information drawn, and left-click to have the information displayed on the graph (since this is the first point, information that is relative to another bar (such as Price Difference) is not displayed for this bar). Move the Pointer to another bar (the tool can be used in either direction from the first selected bar) and left-click to have the information displayed on the graph for the second bar.
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.
When this option is set to Yes, the Tool Values Window (Window >> Tool Values Window) will be displayed when you activate the Chart Values tool and will be hidden when you deactivate the Chart Values tool.
The Swing Marker tool allows you to place information about a bar and its relationship with the last selected bar on a graph. The tool can be used multiple times in one session, continually updating the inforamtion for the most recent bar with the previous bar that was selected. The available options to display include: Date, Time, Price, Price Difference, Tick Difference, Percent Change, and Number of Bars.
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.
Enabling this option in addition to enabling Synchronize Charts will cause charts to scroll to the matching Date-Time location when using the Global Cursor to keep the same time displayed for the charts, except that with this option enabled only charts that are linked together through the Chart Linking option will adjust their Date-Time location.
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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.
The definition of a Chart Drawing in Sierra Chart, is an object like a Line or Ray which is drawn on a chart with a Drawing Tool selected through the Tools 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.
Refer to Global Cursor and Synchronize Charts for more information on these options. Note: for this to work properly the chart on which the Chart Values tool is on when the tool is deactivated, must have the last bar in view.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to Vertical Line tools and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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.
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.
When drawing a Chart Calculator line, it is possible to make it horizontal or vertical. 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.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
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.
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.
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.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
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.
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:
As noted above, it is possible to apply a predefined Tool Configuration to an existing Chart Drawing by opening the Chart Drawing Properties window and selecting one of the Tool Configurations listed. This section shows how to apply a predefined Tool Configuration to an existing Chart Drawing by adding the Tool Configurations to the Chart Drawing Menu that is accessed when clicking with the right pointer on the drawing. To setup this capability, follow these steps:
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
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 Drawing Font >> Global Chart Drawing Font by left clicking twice on the font name on the right side, then press the Select button.
All of the methods for modifying and deleting drawings documented on this page, can be used with copied Chart Drawings on a destination chart.
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:
When one of the Drawing Tools is selected from the Tools menu, the standard Normal Select pointer/cursor set in Windows for the Mouse is displayed.
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Chart Calculator tool.
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.
Press one of the colored buttons on the first tab of the Configuration/Properties window to open the Color Selector window.
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.
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.
The Alert Conditions in copied Chart Drawings are not going to be evaluated. They are only evaluated in the source chart.
When switching between drawing tools, the previously selected configuration number for that drawing tool will be automatically selected. For example, when using the Extending Rectangle tool with Tools >> Current Tool Config >> Config 9, and then switching to using the Line tool with Current Tool Config >> Config 1, and then changing back to the Extending Rectangle tool, the selected Tools >> Current Tool Config for the Extending Rectangle will be Config 9.
A Chart Drawing being adjusted can have the anchor point being adjusted automatically adjust to the nearest Open, High, Low or Close value of a bar. This is called snapping.
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.
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.
When Use Common Drawing Tool for Charts is set to Yes, then when changing the active drawing tool through the Tools menu, this also is applied to all other open charts.
If you want to synchronize only the charts which have the same Link Number, then enable the option Tools >> Synchronize Linked Charts Only. This option can only be enabled when Tools >> Synchronize Chartsis also enabled.
When this option is set to No, then to initiate a Chart Drawing, left click the Pointer and release, move the Pointer to the second point and left click the pointer again.
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.
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.
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.
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 as well.
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:).
This section lists Tool Configuration settings and Chart Drawing Properties settings specific to the Reward/Risk tool and drawings. To set the Tool Configuration or modify the Drawing Properties for an existing drawing, refer to Drawing Tool Configuration.
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 below.
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.
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.
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 a line directly at the same position as the second line. Using a percentage of 50 will draw a parallel line in the middle of the first and second lines. For more information refer to the Drawing Tool Configuration section.
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 point B. The line A-B represents the length of price move.
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 modify a Chart Drawing when this option is set to Yes, use the left Pointer button on the Chart Drawing at the location where you want to modify it, continue to hold the left Pointer button down, and move the Chart Drawing as required and then release the left Pointer button.
Snapping is always done to the defined Tick Size in the Chart Settings. So the Chart Drawing point may not snap exactly to the Open, High, Low, or Close values. This is particularly noticeable in Forex markets and in any type of market where there is not a well-defined tick size. If you find that the snapping is not occurring to the price levels that you want, then try reducing the Tick Size in the Chart Settings.
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 Ray tool is for drawing a line that has 2 points and where the second point extends to the edge of the chart window.
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 a drawing 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.
It is also supported to specify the default Alert settings for a particular Drawing Tool configuration number. To set these settings, press the Alert button on the Tool Configuration window.
Or you can click on the drawing you actually want to move, away from the point where the drawings are converging, and the drawing move will start.
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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.
This option 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 the format: DDMMMYY.
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.
Position your Pointer on the bar where you want to start the Raff Regression Channel and press the left Pointer button. Move the Pointer to the last bar you want the channel to end at and left click again.
For configuration information for the Draw Volume Profile tool refer to the Step by Step Instructions to Configure the Draw Volume Profile Tool information which is part of the Volume Profile study documentation.
The Erase All Drawn Volume Profiles tool is used to remove all Volume Profiles from the graph that were created using the Draw Volume Profile tool. This does not remove any Volume by Price studies that were addded through the Analysis >> Studies window.
The Pitchfork - Schiff Median fixes the Handle point of rotation as the same X (time) position as Point A, but then uses the average of the Y (Price) values for Points A and B. Therefore, the Handle point of rotation X and Y coordinates are (Point A X-Value, (Point A Y-Value + Point B Y-Value)/2).
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 the Pointer or Chart Values tool is selected. Global Settings >> Tool Settings >> Support Left Click to Select Chart Drawings needs to be enabled to support the left click.
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.
For the Horizonal Line and Vertical Line, position your Pointer 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, then left click again with your Pointer.
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.
It must be understood that 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 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 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 first point of the drawn line.
With either of the methods described above, the Chart Drawing Alert settings which may have been set with the Tool Configuration 1-24 for a Drawing Tool set with the Configuring a Default Chart Drawing Alert Condition instructions, will be applied to the existing Chart Drawing including the Tool Configuration for Appearance when True setting.
The Chart Calculator drawing will perform the specified calculations between two points on the chart and display the results.
In the case of the Horizontal Ray drawing, the line 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.
In order to create a Line or Ray that has a specific angle, set the desired angle in the Line Fixed Angle setting field and set Use Line Fixed Angle to Yes, in the Chart Drawing Properties / Chart Drawing Configuration window.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
For the descriptions of settings that are common among all Drawing Tools, refer to Common Tool Configuration Settings and Chart Drawing Properties.
To open the Tool Settings window, select Global Settings >> Tool Settings on the menu and select the General tab. This window has various general settings related to Drawing Tools.
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. Therefore, as you scroll the chart, the text will move.
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.