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TREND CHANNEL
The trend channel is a standard tool in chart analysis. It offers two parallel
lines that are helpful for visualizing trends. Trading decisions may be based
on the trend channel's alert function.
Trend channels may be used for visualizing:
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strong price movements
resistance and support levels
chart patterns
sidewards markets
You can find the trend channel tool in the Chart Tools group in the toolbar
toolbar..
Trend Channel
ENTERING A TREND CHANNEL
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Open a symbol chart.
Click on the trend channel tool in the toolbar.
Click into the chart to set the starting point of the trend channel.
Keep the mouse button pressed and move the pointer to the end point of the trend channel. Release the mouse button.
You can align the anchor points of the trend channel to a certain price level. To do so, activate the Snap Mode by clicking on the
magnet symbol in the toolbar. Now when you draw a trend channel in the chart, the middle line is positioned exactly at high
and/or low points.
EDITING A TREND CHANNEL
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To move the trend channel, drag it with the mouse (the mouse pointer turns into a hand symbol) and move it freely. Release
the mouse button when done.
To move the lines of the trend channels up or down, click the center point of a line (the mouse pointer changes into a double
arrow) and drag it.
To change the trend channel angle, click the anchor points of the channel (the mouse pointer turns into an xx--y axis symbol)
and drag into another position.
Note that the trend channel cannot be moved freely if the Snap Mode is active. If necessary, switch it off by clicking the magnet
symbol in the toolbar.
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You can duplicate a trend channel in three ways (see the chapter Chart Tools
Tools).).
To extend the length of the trend channel until the right or left edge of the chart, double
double--click on anchor points at the right or
left end of the channel.
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When the trend channel is selected, you can edit the properties in the toolbox.
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The alert function is available for the trend channel. To set an alert, set the Alert Mode from Disabled to one of the options
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