Table of Contents

Line Tools

ChartNotes provides you with a wide variety of Line drawing tools. Check out our Line Tools video or read on below to learn more about these tools.

The Line Tools Menu

Each of the Line Tools available in ChartNotes is listed and described below in more detail. Here is a screenshot of where you can find the Line Tools menu:

Trendlines

After selecting the Trendline tool, clicking and dragging on the chart will create a new trendline using the current color/line width/arrowhead settings. For more, please see our ChartSchool article on Trendlines.

Once a trendline is created, it can be selected and modified. To change the line angle or length, click and drag the yellow squares (“handles”) at either end. To shift the line's position without changing the angle, click on the center of the line and drag. Use the line style boxes located in the horizontal menu at the top of the chart to change the line's color, width and/or arrowhead settings.

Notes:

Horizontal/Vertical Lines

Horizontal Lines can be used to indicate support/resistance areas as well as trading ranges. Vertical Lines can be used to indicate the start/end of significant events or technical signals.

After selecting the Horizontal or Vertical line tool, clicking on the chart will create a new horizontal or vertical line using the current color/line width settings. Use the line style boxes located in the horizontal menu at the top of the chart to change the line's settings.

Auto Support/Resistance Lines

An Auto Support/Resistance line automatically changes color depending on the location of the price bars. If the price bars are above the line, that part of the line is colored green (support). If the price bars are below the line, that part of the line is colored red (resistance).

After selecting the Auto Support/Resistance Line tool, clicking on the chart will create a new red/green line. Use the line style boxes located in the horizontal menu at the top of the chart to change the line's settings.

Parabolas

After selecting the Parabola tool, you can create a curved line in one of two ways:

Use the line style boxes located in the horizontal menu at the top of the chart to change the line's settings.