Trend Line
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Trend Line

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Article summary

DXcharts powers DXtrade, DXfina, and FinCharts.
Check our website to find more information about DXcharts library.

Trend Line is the basic drawing in the technical analysis kit. It connects two points on the chart and is used to identify sloped areas corresponding to support and resistance. If the prices stay above the trend line with a positive slope, the trend is considered bullish. If the trend line has a negative slope, the trend is considered bearish.

To add a Trend Line to the chart, click its name or the iconon the Drawings Panel. Specify start and end points on the chart to define downward or upward slope.

Note: To cancel drawing, press ESC

Trend_LineTrend Line

Actions with the Trend Line

  • To edit the Trend Line, point to the line and then drag it by start or end point.
  • To move the Trend Line, simply drag it to where you want it on the chart.
Note: To open the settings window, double-click the line on the chart

Trend Line Toolbar

Color. In the Color section, you can change the color of the Trend Line. The slider at the bottom is intended to set transparency of the color.
To create a custom color:
  • clickto open the color picker
  • by using the slider at the bottom, adjust the main color
  • on the color picker, set a shade for the main color

The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

Weight. In the Weight section, you can set the thickness and style for the line (currently, only dashed style is available).
Settings. A set of parameters that are described in Trend Line Settings.
Lock. Locks the drawing position. The figure cannot be moved or edited on the chart.
Delete. Removes a line from the chart.
Note: To delete a line, you can also press the Delete or Backspace button on your keyboard

Trend Line Settings

  • Coordinates. The coordinates of the start and end points of the Trend Line that you can specify manually by filling out the values for the prices, dates and time.
  • Style. In this section, you can set a color and style of the line.
  • Labels. In the Labels section, you can choose whether to show price labels on the start and end points of the line or not. The labels can be aligned right/left of the points. Click to the left of the Price to show labels. 
  • Measure box. In the Measure box section, you can choose what values should be shown on the Trend Line. The values are measured between start and end point of the Trend Line (you can set right, left or middle position for the measured values):
    • Show % price change
    • Show change
    • Show Bars
    • Show Date Time
    • Show Distance
    • Show Angle
  • Extend. In this section, you can extend the Trend Line to the left or right from the start and end points respectively:
    • To the left
    • To the right
  • Show arrow. Here, you can choose whether to show an arrow at the start or end points of the line or not:
    • At the start of the figure
    • At the end of the figure

Click Close to apply the settings.

Note: At the bottom-left corner of the window, click Restore Defaults to reset the settings

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