A trend line is a type of chart annotation that is usually drawn between two price resistance points or two price support points. Once drawn, the trend line will be drawn between the two points and also extend indefinitely to the right. When future prices approach the trend line extension, it indicates a place of possible resistance or support for prices.
To draw a trend line on a chart:
- Select from the Drawing menu.
- Click and hold the mouse button on the left most point of the desired trend line, drag the mouse with the button still depressed to the right most point of the trend line, and release the mouse button.
To move an existing trend line:
- Select a trend line on the chart by clicking on a portion of the trend line.
- Once the trend line is selected (highlighted with small squares):
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Click and drag, with the mouse button still depressed, a portion of the trend line that does not have a selection box to move the entire trend line.
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Click and drag, with the mouse button still depressed, a selection square on the trend line to reposition only that point of the trend line.
To delete an existing trend line:
- Select a trend line on the chart by clicking on a portion of the trend line.
- Once the trend line is selected (highlighted with small squares), press the Delete key or select Delete from the Edit menu.
Troubleshooting:
- When moving or deleting an annotation, you must make sure the mouse cursor has changed to a hand before clicking on the annotation. If the cursor is still an arrow or a cross hair, the selection will not occur.
Note:
- To continue drawing Trend line annotations on the chart without having to reselect the menu item each time, select Remain in Drawing Mode from the Drawing menu. Once you are done drawing trend lines, simply select another type of annotation or unselect Remain in Drawing Mode.