Trend Line

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APPLICATION

The Trend Line drawing tool has several useful applications. It is predominantly used to manually draw lines illustrating trends in the market or associated indicators. It can also be used as arrows (there is an option to put an arrow on one or both ends) which are used to designate points of interest.


HOW TO USE IN TRADINGVIEW

  1. Navigate to https://www.tradingview.com/
  2. On the landing page, enter a symbol and click "Launch Chart"
  3. Drawing Tools are located along the left hand side of the chart. Select the Drawing Tool that you would like to add to your chart.
  4. You can access the Formatting Window by right clicking on the Drawing Tools in the chart itself and selecting "Format".

Style

TrendLineStyle.PNG

Line

Can change the color of the trend line as well as its thickness and line style.

Text

If an option such as "Show Price Range", "Bars Range", "Date/Time Range" or "Distance" is enabled, this will allow you to change the text color, font type and font size. You can also choose to bold and/or italicize the text.

Left End

Can choose between having a "normal" end with no arrow on it and having an arrow attached to that specific end. Can also choose to "Extend" the trend line or not. If a line is extended, it will continue on the same path indefinitely, even when out of the current view of the chart.

Right End

Can choose between having a "normal" end with no arrow on it and having an arrow attached to that specific end. Can also choose to "Extend" the trend line or not. If a line is extended, it will continue on the same path indefinitely, even when out of the current view of the chart.

Show Price Range

Toggles the visibility of text displaying the price range between the trend line's two points.

Show Bars Range

Toggles the visibility of text displaying the number of bars between the trend line's two points

Show Date/Time Range

Toggles the visibility of text displaying the date/time range between the trend line's two points

Show Distance

Toggles the visibility of text displaying the specific distance (in terms of periods) between the trend line's two points.

Coordinates

TrendLineCoordinates.PNG

Price 1

Allows for the precise placement of the trend line's first point (Price 1) using a bar number and price.

Price 2

Allows for the precise placement of the trend line's second point (Price 2) using a bar number and price.