Channels & Measure
Channel and regression tools for trend projection, plus the Measure tool for price and time distances.
Trend Channel Shapes
Advanced channel and regression tools for trend projection, channel trading and cycle analysis.
Trend Channel
Draws two parallel trendlines forming a price channel. Place the base trendline along the major swing lows (for an uptrend) or highs (for a downtrend), and the channel line is drawn automatically parallel above or below.
Andrew's Pitchfork
A three-line tool with a central median line flanked by two parallel lines. Anchor the handle at a significant pivot and the two tines at the next two highs/lows. Price tends to oscillate between the outer lines and return to the median.
Error Channel
Draws a regression channel with statistically derived upper and lower boundaries based on standard deviation. Unlike manually drawn channels, this tool fits the channel mathematically to the selected price range.
Raff Regression
Places a linear regression line through a selected price range with equidistant outer boundary lines at the maximum deviation. Used for identifying the statistical trend and spotting outlier price moves.
Quadrant Lines
Divides the selected price range into four equal vertical sections using three evenly spaced horizontal lines. Helps traders identify quarter-point levels within a major price range for intrarange trading.
Tirone Levels
Plots three horizontal levels at the midpoint and two outer thirds of a selected price range. Based on John Tirone's method of dividing a price range to find mean and extreme levels.
Speed Lines
Draws three diagonal lines from a pivot point at 1/3 and 2/3 retracement angles of a major move. Used to identify how quickly price is likely to retrace and where support may emerge during a pullback.
Gann Fan
Plots nine diagonal lines from a pivot point at specific Gann angles (1×1, 1×2, 1×4, 2×1, 4×1 etc.). Each angle represents a different rate of price ascent or descent. The 45° (1×1) line is considered the most significant.
Trend Angle
Draws a single trendline and displays the exact angle in degrees. Useful for comparing the steepness of different trend legs and identifying when a trend is accelerating or decelerating based on angle change.
Measure
Measure price and time distances directly on the chart.
Measure Tool
The Measure tool allows you to calculate the price movement and time range between two points on the chart. Simply click and drag from one candle to another to begin measuring.
A floating tooltip automatically displays the total price difference in points, percentage change, candle/bar count and total time duration covered by the selected range. Traders commonly use this tool to analyse move strength, compare swing sizes, estimate targets and evaluate risk-to-reward setups before entering a trade.