Analytics With MT5

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MT5 TRADING MANUAL


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Table of Contents

Analytics...............................................................................................................14

Objects................................................................................................................. 15Object Properties............................................................................................... 15

Common......................................................................................................... 16

Parameters..................................................................................................... 16

Visualization...................................................................................................17

Levels.............................................................................................................18

Operations with Objects.........................................................................................19

Object Plotting...................................................................................................19

Working with Objects in a Chart..........................................................................19Context enu.....................................................................................................19

Lines.....................................................................................................................20

Horizontal Line.......................................................................................................21

Parameters......................................................................................................... 21

Vertical Line..........................................................................................................22

Parameters.........................................................................................................22

!ren"line.............................................................................................................. 2

#rawing............................................................................................................. 2

anipulations.....................................................................................................2

Parameters.........................................................................................................2

!ren"line by Angle.................................................................................................25

Parameters.........................................................................................................25

Cycle Lines............................................................................................................26

Parameters.........................................................................................................26

Arrowe" Line........................................................................................................ 27

#rawing............................................................................................................. 27

anipulations.....................................................................................................27

Parameters.........................................................................................................27

Channels................................................................................................................ 29

$%ui"istant Channel...............................................................................................0

#rawing............................................................................................................. 0

anipulations.....................................................................................................0

Parameters.........................................................................................................0

&tan"ar" #eviation Channel...................................................................................2

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#rawing............................................................................................................. 2

anipulations.....................................................................................................2

Parameters.........................................................................................................2

'egression Channel................................................................................................4

#rawing............................................................................................................. 4

anipulations.....................................................................................................4

Parameters.........................................................................................................4

An"rews( Pitch)ork.................................................................................................6

#rawing............................................................................................................. 6

anipulations.....................................................................................................6

Parameters.........................................................................................................7

Gann Tools.............................................................................................................8

*ann Line..............................................................................................................9

#rawing............................................................................................................. 9

anipulations.....................................................................................................9

Parameters.........................................................................................................9

*ann +an............................................................................................................... 40

#rawing............................................................................................................. 41

anipulations.....................................................................................................41

Parameters.........................................................................................................41

*ann *ri"..............................................................................................................4

#rawing............................................................................................................. 4

anipulations.....................................................................................................4

Parameters.........................................................................................................4

Fibonacci Tools.......................................................................................................45

+ibonacci 'etracement.......................................................................................... 46

#rawing............................................................................................................. 46

anipulations.....................................................................................................46

Levels................................................................................................................ 47

Parameters.........................................................................................................47

+ibonacci !ime ,ones.............................................................................................48

#rawing............................................................................................................. 48

anipulations.....................................................................................................48

Parameters.........................................................................................................48

+ibonacci +an........................................................................................................50

#rawing............................................................................................................. 50

anipulations.....................................................................................................50

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Parameters.........................................................................................................50

+ibonacci Arcs....................................................................................................... 52

#rawing............................................................................................................. 52

anipulations.....................................................................................................52

Parameters.........................................................................................................52

+ibonacci Channel................................................................................................. 54

#rawing............................................................................................................. 54

anipulations.....................................................................................................54

Parameters.........................................................................................................54

+ibonacci $xpansion.............................................................................................. 56

#rawing............................................................................................................. 56

anipulations.....................................................................................................56

Levels................................................................................................................ 57

Parameters.........................................................................................................57

Elliott Tools............................................................................................................ 58

$lliott Wave !heory...............................................................................................58

$lliott Wave !heory an" +ibonacci -umbers.........................................................60

Characteristics o) Waves..................................................................................... 61

Construction o) Waves............................................................................................62

Shapes...................................................................................................................6

'ectangle.............................................................................................................. 6

anipulations.....................................................................................................6

Parameters.........................................................................................................6

!riangle.................................................................................................................65

anipulations.....................................................................................................65

Parameters.........................................................................................................65

$llipse................................................................................................................... 67

anipulations.....................................................................................................67

Parameters.........................................................................................................67

Arrows..................................................................................................................69

Parameters.........................................................................................................69

Graphical Objects...................................................................................................71

!ext......................................................................................................................72

anipulations.....................................................................................................72

Parameters.........................................................................................................72

!ext Label.............................................................................................................7

anipulations.....................................................................................................7


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Parameters.........................................................................................................7

.utton.................................................................................................................. 75

anipulations.....................................................................................................75

Parameters.........................................................................................................75

Chart.................................................................................................................... 77

anipulations.....................................................................................................77

Parameters.........................................................................................................77

Bitmap.................................................................................................................. 79

Manipulations......................................................................................................79

Parameters......................................................................................................... 79

Bitmap Label.......................................................................................................... 79

Manipulations......................................................................................................79

Parameters......................................................................................................... 80

Edit.......................................................................................................................81

Manipulations......................................................................................................81

Parameters......................................................................................................... 81

Eent.................................................................................................................... 82

Manipulations......................................................................................................82

Parameters......................................................................................................... 82

!ectan"le Label......................................................................................................82

Manipulation.......................................................................................................8

Parameters......................................................................................................... 8

Technical #ndicators................................................................................................ 84

Parameters......................................................................................................... 84

Colors................................................................................................................ 85

Leels................................................................................................................ 85

Scale..................................................................................................................86

$isualization....................................................................................................... 87

Conte%t Menu......................................................................................................87

Trend #ndicators......................................................................................................88

&daptie Moin" &era"e......................................................................................... 88

Calculation......................................................................................................... 89

&era"e 'irectional Moement #nde%.........................................................................90

Calculation......................................................................................................... 90

&era"e 'irectional Moement #nde% (ilder...............................................................91

Calculation......................................................................................................... 91

Bollin"er Bands).....................................................................................................9

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Calculation......................................................................................................... 9

'ouble E%ponential Moin" &era"e...........................................................................95

Calculation......................................................................................................... 95

Enelopes.............................................................................................................. 96

Calculation......................................................................................................... 96

Fractal &daptie Moin" &era"e...............................................................................97

Calculation......................................................................................................... 97

/chimoku 0inko 1yo...............................................................................................99

Moin" &era"e.....................................................................................................100

Calculation....................................................................................................... 101

Simple Moin" &era"e *SM&+...........................................................................101

E%ponential Moin" &era"e *EM&+....................................................................101

Smoothed Moin" &era"e *SMM&+.....................................................................101

Linear (ei"hted Moin" &era"e *L(M&+...........................................................102

Parabolic S&!....................................................................................................... 10

Calculation....................................................................................................... 10

Standard 'eiation................................................................................................105

Calculation....................................................................................................... 105

Triple E%ponential Moin" &era"e..........................................................................106

Calculation....................................................................................................... 106

$ariable #nde% ',namic &era"e..............................................................................108

&pplication....................................................................................................... 108

Calculation....................................................................................................... 108

Oscillators............................................................................................................110

&era"e True !an"e...............................................................................................111

Calculation....................................................................................................... 111

Bears Po-er.........................................................................................................111

&pplication....................................................................................................... 112

Calculation....................................................................................................... 112

Bulls Po-er..........................................................................................................11

&pplication....................................................................................................... 11

Calculation....................................................................................................... 11

Chai.in Oscillator..................................................................................................115

Calculation....................................................................................................... 116

Commodit, Channel #nde%......................................................................................117

Calculation....................................................................................................... 117

'eMar.er.............................................................................................................119

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Calculation....................................................................................................... 119

Force #nde%..........................................................................................................121

Calculation....................................................................................................... 121

M&C'.................................................................................................................. 12

Crossoers........................................................................................................12

Oerbou"ht/Oersold Conditions.........................................................................12

'ier"ence........................................................................................................12

Calculation....................................................................................................... 124

Momentum...........................................................................................................125

Calculation....................................................................................................... 125

Moin" &era"e o0 Oscillator...................................................................................126

Calculation....................................................................................................... 126

!elatie Stren"th #nde%......................................................................................... 126

Calculation....................................................................................................... 127

!elatie $i"or #nde%.............................................................................................. 128

Calculation....................................................................................................... 128

Stochastic Oscillator..............................................................................................10

Calculation....................................................................................................... 10

Triple E%ponential &era"e.....................................................................................12

Calculation....................................................................................................... 12

(illiams1 Percent !an"e........................................................................................14

Calculation....................................................................................................... 14

$olume #ndicators.................................................................................................16

&ccumulation/'istribution.....................................................................................17

Calculation....................................................................................................... 17

Mone, Flo- #nde%................................................................................................. 19

Calculation....................................................................................................... 19

On Balance $olume............................................................................................... 141

Calculation....................................................................................................... 142

$olumes...............................................................................................................14

Bill (illiams2 #ndicators..........................................................................................144

&ccelerator Oscillator............................................................................................145

Calculation....................................................................................................... 146

&lli"ator.............................................................................................................. 147

Calculation....................................................................................................... 148

&-esome Oscillator...............................................................................................149

Si"nals to Bu,....................................................................................................149

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Si"nals to Sell....................................................................................................149

Calculation....................................................................................................... 150

Fractals............................................................................................................... 151

Gator Oscillator.................................................................................................... 152

Calculation....................................................................................................... 152

arket +acilitation /n"ex......................................................................................15

Calculation.......................................................................................................15

Macroeconomic #ndicators......................................................................................154

Macroeconomic #ndicators o0 3S&............................................................................155

&tlanta Fed #nde%/#nde% o0 manu0acturin" in states under jurisdiction o0 the &tlantaFederal !esere....................................................................................................156

&era"e Hourl, Earnin"s........................................................................................ 156

&era"e (or.-ee.................................................................................................156

.eige .ook..........................................................................................................156

Buildin" Permits....................................................................................................157

.usiness /nventories............................................................................................ 157

Capacit, 3tilization.............................................................................................. 157

Chica"o PM# #nde%.................................................................................................157

Construction &pen"ing.........................................................................................158

Consumer Con)i"ence 2CC/3..................................................................................158

Consumer Cre"it..................................................................................................158

Consumer Price #nde% *CP#+....................................................................................159

Current Account..................................................................................................159

#urable *oo"s Or"ers..........................................................................................159

$mployment Cost /n"ex........................................................................................159

$xisting 1ome &ales.............................................................................................160

E%port Prices........................................................................................................160

+actory Or"ers.................................................................................................... 160

Federal Bud"et..................................................................................................... 160

+e"eral +un"s 'ate.............................................................................................. 161

G'P 'e0lator........................................................................................................161

*ross #omestic Pro"uct 2*#P3..............................................................................161

Help4(anted #nde%................................................................................................161

Housin" Starts...................................................................................................... 162

#mport Prices........................................................................................................162

/n"ustrial Pro"uction........................................................................................... 162

/& /n"ex............................................................................................................ 16

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4obless Claims 2/nitial Claims3...............................................................................16

Leadin" #ndicators #nde%........................................................................................16

oney &upply...................................................................................................... 164

5e- Home Sales...................................................................................................164

-on5)arm Payrolls................................................................................................164

Personal #ncome................................................................................................... 164

Personal Spendin".................................................................................................165

Philadelphia Fed #nde%.......................................................................................... 165

Producer Price #nde%............................................................................................. 165

Pro"uctivity........................................................................................................ 165

!eal Earnin"s *!eal aera"e -ee.l, earnin"s+...........................................................166

!edboo............................................................................................................... 166

'etail &ales......................................................................................................... 166

Trade Balance.......................................................................................................167

3nemplo,ment !ate..............................................................................................167

3nit Labor Cost.....................................................................................................167

6niversity o) ichigan Consumer Con)i"ence /n"ex................................................167

Wholesale /nventories.......................................................................................... 168

Macroeconomic #ndicators o0 European 3nion...........................................................169

Balance o0 Pa,ments.............................................................................................170

Capital and Financial &ccount.................................................................................170

Consumer Con)i"ence /n"icator 2CC/3....................................................................170

Current &ccount...................................................................................................170

Economic Sentiment #ndicator................................................................................171


1armonize" /n"ex o) Consumer Price 21/CP3..........................................................171

/+O .usiness Climate............................................................................................172

#ndustrial Con0idence #ndicator...............................................................................172

Labor Cost /n"ex..................................................................................................172

oney &upply *rowth.......................................................................................... 17

P/ anu)acturing............................................................................................... 17

P/ &ervices........................................................................................................17

Purchasing anagers /n"ex 2P/3..........................................................................174

'e)inancing !en"er 'ate......................................................................................174

!etail Trade Con0idence #ndicator...........................................................................174

3nemplo,ment !ate..............................................................................................174

Macroeconomic #ndicators o0 3nited 6in"dom...........................................................176

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Average $arning *rowth.......................................................................................177

.alance o) Payments............................................................................................177

Ban. o0 En"land Minutes........................................................................................177

C./ #istributive !ra"es.........................................................................................178

C./ /n"ustrial Or"er $xpectations..........................................................................178

C./ /n"ustrial !ren"s............................................................................................178

Current &ccount...................................................................................................178


#ndustrial Output *#ndustrial Production+..................................................................179

7 oney &upply.................................................................................................179

ajor .anks ortgage Approvals...........................................................................179

Manu0acturin" Output............................................................................................180

-et Consumer Cre"it............................................................................................180

-on5$u !ra"e .alance..........................................................................................180


Pro"ucer /nput Prices 2PP/ /nput3..........................................................................181

Pro"ucer Output Prices 2PP/ Output3.....................................................................181

Public &ector -et Cash 'e%uirement 2P&-C'3........................................................181

'epo 'ate........................................................................................................... 181

!etail Price #nde%..................................................................................................182

'etail &ales......................................................................................................... 182

'ightmove 1ouse Price /n"ex 21P/3....................................................................... 182

6nemployment 2Claimant count rate3....................................................................182

6nit Wage Costs...................................................................................................18

Macroeconomic #ndicators o0 7apan.........................................................................184

&ll #ndustr, &ctiit, #nde%......................................................................................185

Balance o0 Pa,ments.............................................................................................185

Consumer Price /n"ex 2CP/3.................................................................................. 185

Corporate *oo"s Price /n"ex 2C*P/3......................................................................185


/n"ustrial Pro"uction /n"ex..................................................................................186

Lea"ing an" Coinci"ent /n"ices o) .usiness Con"itions...........................................186

achinery Or"ers................................................................................................186

'etail &ales......................................................................................................... 187

!ankan &urvey..................................................................................................... 187

Tertiar, #ndustr, #nde%...........................................................................................187

!ra"e .alance......................................................................................................187

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3nemplo,ment.....................................................................................................188

(holesale Price #nde% *(P#+...................................................................................188

Macroeconomic #ndicators o0 German,....................................................................189

.alance o) !ra"e..................................................................................................190

Current Account..................................................................................................190

*ross #omestic Pro"uct2*#P3............................................................................... 190

/+O &urvey.......................................................................................................... 191

/mport Prices.......................................................................................................191


8 oney &upply.................................................................................................191

anu)acturing Or"ers.......................................................................................... 192

anu)acturing Pro"uction.................................................................................... 192

Pro"ucer Price /n"ex 2PP/3....................................................................................192

'etail &ales......................................................................................................... 192

6nemployment....................................................................................................192

Wholesale /n"ex.................................................................................................. 19

,$W /n"icator o) $conomic &entiment...................................................................19

Macroeconomic #ndicators o0 S-itzerland.................................................................194

8 onth L/.O' 'ange...........................................................................................195

Consumer Price #nde% *CP#+....................................................................................195



0o) Lea"ing /n"icator........................................................................................... 196



!etail Sales..........................................................................................................196

&-.9s :uarterly onetary Policy Assessment..........................................................196

!ra"e .alance......................................................................................................197

6nemployment 'ate............................................................................................197

,$W $conomic $xpectations.................................................................................197

Macroeconomic #ndicators o0 &ustralia.....................................................................199

.alance o) Payments............................................................................................200

.uil"ing Approvals............................................................................................... 200

Construction Work #one.......................................................................................200


$xport Price /n"ex............................................................................................... 201


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1ome Loans.........................................................................................................201

1ouse Price /n"ex................................................................................................201

#mport Price #nde%................................................................................................202

Labour Price /n"ex...............................................................................................202

-A. .usiness Con)i"ence......................................................................................202

-ew otor Vehicle &ales.......................................................................................202


Purchasin" Mana"ers #nde% *PM#+.............................................................................20

'.A Cash !arget...................................................................................................20

'etail &ales......................................................................................................... 204

Serice PM#.......................................................................................................... 204

!ra"e .alance......................................................................................................204

6nemployment 'ate............................................................................................204

Westpac5elbourne /nstitute Coinci"ent /n"ex......................................................205

Westpac5elbourne /nstitute Lea"ing /n"ex...........................................................205

Westpac Consumer Con)i"ence.............................................................................205

Macroeconomic #ndicators o0 Canada.......................................................................206

Average Weekly $arnings......................................................................................207

.OC /nterest 'ate #ecision...................................................................................207

.uil"ing Permits..................................................................................................207

Capacity 6tilization............................................................................................. 207


Core CP#.............................................................................................................. 208

Current Account..................................................................................................208


1ousing &tarts..................................................................................................... 209

/nternational &ecurity !ransactions.......................................................................209

/vey Purchasing anagers /n"ex............................................................................209

Lea"ing /n"icators...............................................................................................209

anu)acturing &urvey &hipments..........................................................................210

5e- Housin" Price #nde%........................................................................................210

-ew Vehicle &ales................................................................................................210

Overnight 'ate !arget..........................................................................................210

Payroll $mployment.............................................................................................211


!a- Materials Price #nde%......................................................................................211

'etail &ales......................................................................................................... 211

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Analytics

Technical indicatorsand objectsare built into the terminal 0or anal,tical purposes9 The, are

attached directl, to the chart and allo- to 0orecast 0urther price chan"es9 #ndicators are

attached automaticall,: -hile objects are applied manuall,9 That is -h, -hen -or.in" -ith

objects: it is important to correctl, dra- them9 On the other hand: parameters o0 indicators

can be set up manuall, as -ell9 Technical indicators can hae di00erent settin"s 0or di00erent

s,mbols or periods9

The use o0 technical indicators and objects allo-s reasonable openin" and closin" o0 trade

positions: placin" and modi0,in" o0 pendin" orders9 Besides: usin" o0 anal,tical tools allo-s

per0ormin" s,stematic tradin" actiities thus reducin" the in0luence o0 human emotions9 &lon"

-ith built4in technical indicators: custom indicators -ritten inMeta;uotes Lan"ua"e arious lines *trend lines: horizontal: c,cle lines: etc9+ attached to a chart o0prices or indicators?

Channels> arious channels *e@uidistance: re"ression channel: etc9+ attached to a charto0 prices or indicators?

*ann !ools> a set o0 technical anal,sis tools deeloped b, (9 '9 Gann?

+ibonacci !ools> a set o0 technical anal,sis tools deeloped on the basis o0 L9 Fibonaccinumber se@uence?

$lliott !ools> a set o0 technical anal,sis tools based on Elliott (ae Theor,?

&hapes> "eometrical shapes *rectan"le: trian"le and ellipse+ that allo- to mar. arious

areas in the price chart?

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http://www.metatrader5.com/en/terminal/help/interface/toolbox/toolbox_calendarhttp://www.metatrader5.com/en/terminal/help/analytics/economic_indicatorshttp://www.metatrader5.com/en/terminal/help/analytics/objects/lineshttp://www.metatrader5.com/en/terminal/help/analytics/objects/channelshttp://www.metatrader5.com/en/terminal/help/analytics/objects/channelshttp://www.metatrader5.com/en/terminal/help/analytics/objects/gannhttp://www.metatrader5.com/en/terminal/help/analytics/objects/fibohttp://www.metatrader5.com/en/terminal/help/analytics/objects/elliotthttp://www.metatrader5.com/en/terminal/help/analytics/objects/shapeshttp://www.metatrader5.com/en/terminal/help/analytics/objects/shapeshttp://www.metatrader5.com/en/terminal/help/interface/toolbox/toolbox_calendarhttp://www.metatrader5.com/en/terminal/help/analytics/economic_indicatorshttp://www.metatrader5.com/en/terminal/help/analytics/objects/lineshttp://www.metatrader5.com/en/terminal/help/analytics/objects/channelshttp://www.metatrader5.com/en/terminal/help/analytics/objects/gannhttp://www.metatrader5.com/en/terminal/help/analytics/objects/fibohttp://www.metatrader5.com/en/terminal/help/analytics/objects/elliotthttp://www.metatrader5.com/en/terminal/help/analytics/objects/shapes


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Arrows> s,mbols *arro-s: chec. and stop si"ns+ that allo- to mar. the most si"ni0icantpoints in the chart?

*raphical objects> arious "raphical objects *te%t: te%t labels: buttons: etc9+ used 0oraddin" mar.s or comments to a chart9

&ll objects are "rouped in the A#nsertAmenu and in the ALine StudiesAtoolbar9 Hain" selected

an object in the list and set a point in the chart *or in an indicator -indo-+: one can impose

the tool9

The drawing of some objects requires setting more than one point. The object will not appear in the chart until all

necessary points are set.

&0ter the object has been created: it can be moed or modi0ied9 To do so: one has to select

the object 0irst9 #0 the ASelect object b, sin"le mouse clic.A parameter is set in terminal

settin"s: one has to clic. once -ith the le0t mouse button on an, element o0 the object9 #0

not: the double4clic. should be used9 The object can be considered as selected i0 s@uare

mar.ers or 0rames appear9 The mar.ers are intended 0or moin" o0 objects and chan"in" their

dra-in" parameters9

Thus: 0or e%ample: to chan"e the Fibonacci Fan location: one needs to hold its central mar.er

-ith the le0t mouse button and moe the cursor9 &nd moin" o0 an, o0 its e%treme mar.ers

-ill result in chan"in" o0 the object dra-in" parameters9 Terminal allo-s to create copies o0

arious object er, 0ast9 To do so: one has to select the object and: holdin" Ctrl pressed:

moe it usin" the central mar.er9

&ll objects applied to a chart become unnecessar, sooner or later: and the, can be remoed

b, commands o0 the conte%t menu9 Besides: the Bac.space .e, allo-s to remoe objects in

series9 #n 0uture: all remoed objects can be restored9 To do so: it is necessar, to e%ecute the

A3ndo 'eleteA command o0 the object conte%t menu: the AObjects 4 3ndo 'eleteA command o0the AChartsAmenu: or use acceleratin" .e,s Ctrl89

Object Properties

Eer, object has its speci0ic properties9 Properties can di00er dependin" on the object9 To

mana"e the properties o0 an object: one should select the object and e%ecute its conte%t

menu command o0 A PropertiesA9 One can also e%ecute the AObjects 4 Objects ListA

command in theAChartsAmenu or press CtrlB9 &0ter that a -indo- o0 the same name-ill

appear9 #n this -indo- one should select an object and press APropertiesA9 #n both cases a

-indo- o0 object properties containin" seeral tabs -ill appear9

Common

The ACommonA tab contains common settin"s o0 objects9

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http://www.metatrader5.com/en/terminal/help/analytics/objects/arrowshttp://www.metatrader5.com/en/terminal/help/analytics/objects/graphical_objectshttp://www.metatrader5.com/en/terminal/help/interface/interface_menu/menu_inserthttp://www.metatrader5.com/en/terminal/help/interface/interface_menu/menu_inserthttp://www.metatrader5.com/en/terminal/help/interface/toolbars/toolbar_line_studieshttp://www.metatrader5.com/en/terminal/help/settings/settings_chartshttp://www.metatrader5.com/en/terminal/help/settings/settings_chartshttp://www.metatrader5.com/en/terminal/help/settings/settings_chartshttp://www.metatrader5.com/en/terminal/help/interface/interface_menu/menu_chartshttp://www.metatrader5.com/en/terminal/help/interface/interface_menu/menu_chartshttp://www.metatrader5.com/en/terminal/help/interface/interface_menu/menu_chartshttp://www.metatrader5.com/en/terminal/help/charts/charts_manage#ojects_listhttp://www.metatrader5.com/en/terminal/help/charts/charts_manage#ojects_listhttp://www.metatrader5.com/en/terminal/help/analytics/objects/arrowshttp://www.metatrader5.com/en/terminal/help/analytics/objects/graphical_objectshttp://www.metatrader5.com/en/terminal/help/interface/interface_menu/menu_inserthttp://www.metatrader5.com/en/terminal/help/interface/toolbars/toolbar_line_studieshttp://www.metatrader5.com/en/terminal/help/settings/settings_chartshttp://www.metatrader5.com/en/terminal/help/settings/settings_chartshttp://www.metatrader5.com/en/terminal/help/interface/interface_menu/menu_chartshttp://www.metatrader5.com/en/terminal/help/interface/interface_menu/menu_chartshttp://www.metatrader5.com/en/terminal/help/charts/charts_manage#ojects_list


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The 0ollo-in" is aailable here=

-ame> the object uni@ue name -ithin one chart that is set 0or the objectautomaticall,9 #t can be chan"ed i0 another name is entered in this 0ield9 Such names ma.e iteas, to mar. the object out amon" man, others o0 the same t,pe?

#escription> description/te%t contents o0 the object that also sere 0or mar.in" it outamon" man, others o0 the same t,pe9 Besides: these descriptions can be sho-n in the chart i0the ASho- object descriptionsA option is enabled in the chart settin"s?

&tyle> object lines st,le9 Color: 0orms and thic.ness o0 lines can be chosen here?

#raw object as backgroun"> dra- object in the bac."round: behind the chart9 Bein"enabled: this option proides 0illin" o0 the objects li.e shapes or channels *e%cludin"Fibonacci Channel+ -ith color9

#isable selection> disable the possibilit, o0 object selection9 This possibilit, is

intended 0or -or.in" -ith control objects *AButtonA:AEntr, 0ieldA:AGraphical labelA+9 Enablin"this option 0or them "rants the possibilit, to chan"e the state o0 buttons: "raphical labels: as-ell as to enter alues in entr, 0ields9

Parameters

#n the AParametersA tab one can chan"e coordinates o0 the object control points9 #n the A'ateA

0ields time coordinates o0 an object control points are set: and coordinates o0 anchorin" to

ertical a%is o0 a chart o0 indicator should be "ien in the A$alueA 0ields9 &n object can hae

0rom one to three coordinates9

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For some objects: additional options are used in the AParametersA tab=

Angle in "egrees> an"le o0 the object slope anticloc.-ise in de"rees?

&cale> ratio bet-een units o0 ertical *pips+ and horizontal *bars+ a%es o0 the object95ormall,: the number o0 pi%els in a unit o0 the horizontal a%is *time+ di00ers 0rom that o0 theertical a%is *prices+ -hen chart are dra-n9 One4to4one scale brin"s them to the same alue9For certain objects: chan"in" o0 this parameter chan"es the ratio?

Arrow co"e> code o0 an object?

'ay right;le)t> options o0 sho-in" trendlines as ra,s in speci0ied directions?

Anchor> one o0 the chart corners at -hich the te%t label is anchored?

ertical distance bet-een the anchor corner o0 the -indo- and the te%tlabel in pi%els9

Visualization

The object isualization mode 0or di00erent time0rames *periods+ can be chan"ed in the

A$isualizationA tab9

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The object -ill then be sho-n onl, 0or the selected time0rames9 This can be use0ul -hen the

tool has di00erent settin"s 0or di00erent time0rames9 #0 the 0ield A&ll time0ramesA is selected:

the object -ill be sho-n 0or all time0rames9

Levels

The ALeelsA tab is speci0icall, used onl, 0or Fibonacci tools and &ndre-s2 Pitch0or.9 The list o0

the tool leels is "ien here in 0orm o0 a table9

The alues o0 the leels can be chan"ed or deleted *the A'eleteA button+9 & ne- leel can be

added b, pressin" o0 the A&ddA button9 The A'e0aultsA button resets the initial alues9 The

ASt,leA 0ield that allo-s to set up the color: appearance: and thic.ness o0 leels o0 the object

is located in the lo-er part o0 the tab9

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Operations with Objects

For placin" objectsone can use commands o0 the AObjectsA submenu in theA#nsertAmenu9 #ts

upper part contains 0ie recentl, used objects: a0ter that objects are diided to "roups9

Objects can be applied to a chart usin" the ALine StudiesAtoolbar9

Object Plotting Object Points

'ependin" on the t,pe: objects ma, hae di00erent numbers o0 chan"in" and moin" points9&s a rule the point o0 an object moin" is its central point9 For creation o0 most objects oneor seeral initial points should be set9 Then holdin" a mouse button direction and size are set9More in0ormation about dra-in" and chan"in" objects in the chart is contained in thedescription o0 each object9

agnet &ensitivity

Ma"net sensitiit, o0 object points can be set in terminal settin"s9 (hen moin" a point to thearea -ithin the distance speci0ied in AMa"net sensitiit,A 0rom one o0 bar prices *AOpenA:AHi"hA: ALo-A or ACloseA+: this point -ill be automaticall, moed to this price leel9 This option

is included 0or the conenient positionin" o0 objects in a chart9 Opening Properties

#0 the ASho- properties a0ter creationA option is enabled in terminal settin"s: immediatel,a0ter appl,in" an object to a chart a -indo- o0 its properties-ill be opened9

When dragging an object using its moving point (central point) magnifying doesn't work.

Working with Objects in a Chart Creating Object Copies

#n order to create a cop, o0 an object: one should catch one o0 its points and holdin" ACtrlApressed moe the mouse cursor9 & cop, o0 the object -ill be created9

*roup oving

#n order to moe a "roup o0 objects: one should select them and holdin" the A&ltA buttonpressed moe a point o0 one o0 them usin" the mouse9

&ingle5Click &election

#n order to be able to select objects b, a sin"le mouse4clic.: the ASelect object b, sin"lemouse clic.A option should be enabled in terminal settin"s9

Objects can be also mana"ed usin" theAObjects ListA-indo- that can be opened b, a

correspondin" command o0 theAChartsAmenu or the conte%t menuo0 a chart: or b, pressin"

hot .e,s ACtrlBA9

Context enu

Each object has it conte%t menu -ith the 0ollo-in" commands aailable=

Object properties> open the selected object properties-indo-?

Objects List> open the -indo- -ith thelist o0 objects?

#elete> delete the selected object?

#elete All Arrows> delete all objects o0 the arro-t,pe?

#elete All &electe"> delete all selected objects?

#elete All> delete all objects 0rom the current chart?

6nselect All> unselect all objects in the chart?

6nselect> unselect the select object?

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6n"o #elete> cancel deletion o0 the last object9

Lines

$arious lines can be applied to a price or indicator chart usin" the A#nsert > Objects > LinesA

menu or theALine StudiesA toolbar9 The 0ollo-in" line t,pes are aailable in the terminal=

Type Description

Horizontal Line

ori!ontal line can be used to mark various levels" particularly" those of

support#resistance. $ne point must be set for this object to be imposed. %ead

more...

Vertical Line

&ertical line can be used to mark various borders in the time ais and to compare

signals of indicators to price changes. $ne point must be set for this object to be

imposed.%ead more...

TrendlineTrendline helps to eplore trends in price changes. Two points must be set through

which a trendline will be drawn.%ead more...

Trendline by Angle

Trendline by angle helps to eplore trends in price changes. nlike for a simple

trendline" an angle must be set for this line to be drawn. Two points must be set

through which a trendline will be drawn.%ead more...

Cycle Lines This tool represents a row of vertical lines placed at equal intervals. ormally" a

unit interval corresponds with one cycle. *t that" completed lines are considered to

describe future cycles. The tool is drawn on two points that define the unit

interval.%ead more...

Arrowed Line This object is a straight line with an arrow at its end. +t is intended for drawing

eplanatory schemes in charts. Two points must be set for this tool to be

drawn.%ead more...

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Horizontal Line

To plot a horizontal line: one should select this object and clic. once -ith ,our le0t mouse4button on a necessar, point in the chart9

Parameters

& horizontal line has onl, one parameter 4 alue on the price scale=

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The necessar, price leel can be speci0ied in the A$alueA 0ield9 Common parameters o0 objectsare described in the correspondin" section9

Vertical Line

To plot a ertical line: one should select this object and clic. once -ith ,our le0t mouse4

button on a necessar, point in the chart9 & separate ertical line can be displa,ed on each

-indo- *chart and indicator sub-indo-s+ or one ertical line can be dra-n 0or all the

-indo-s: dependin" on the speci0ied parameters9

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Parameters

There are the 0ollo-in" parameters o0 a ertical line=

#ate> position o0 the ertical line alon" the time a%is?

'ay> i0 this option is enabled: one ertical line -ill be dra-n 0or the chart -indo-and indicatorsub-indo-s9 #0 the option is disabled: the ertical line -ill be displa,ed onl, inthe -indo- it is created in9

!ren"line

& trendline is a strai"ht line that joins t-o important minimal or ma%imal price lines in a

chart9 (ithin a main trend there can be an, number o0 secondar, or minor trends9 The len"th

o0 each o0 them di00ers -ithin -ide ran"es9 #t should be remembered that a trendline must

not intersect -ith other prices bet-een the t-o selected points9 & trendline is a

support/resistance pass4throu"h -here price chan"es -ithin the ran"e o0 the pass4throu"h9

#rawing

To dra- a trendline: one should select this object and then clic. -ith the le0t mouse button in

the chart9 &0ter that holdin" the mouse button one should dra- a line in the necessar,

direction9 &dditional parameters -ill be sho-n near the end point= distance 0rom the initial

point alon" the time a%is: distance 0rom the initial point alon" the price a%is: slope line 0rom

the horizontal line dra-n throu"h the initial point9

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anipulations

Three points are located on a trendline9 E%treme points are points 0or chan"in" size and

inclination9 The central one is used 0or moin" the object9

Parameters

There are the 0ollo-in" parameters o0 a trendline=

#ate;Value> coordinates o0 the initial point *date/alue o0 the price scale+?

#ate;Value> coordinates o0 the end point *date/alue o0 the price scale+?

'ay 'ight> in0inite duration o0 a trendline to the ri"ht?

'ay Le)t> in0inite duration o0 a trendline to the le0t9

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!ren"line by Angle

To dra- a trendline b, an"le: one should select this object and then clic. -ith the le0t mouse

button in the chart to choose the initial point o0 the line9 &0ter that holdin" the mouse button

one should dra- a line in the necessar, direction9 &dditional parameters -ill be sho-n near

the end point= distance 0rom the initial point alon" the time a%is: distance 0rom the initial

point alon" the price a%is: slope line 0rom the horizontal line dra-n throu"h the initial point9

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Parameters

There are the 0ollo-in" parameters o0 a trendline b, an"le=


#ate;Value> coordinates o0 the end point *date/alue o0 the price scale+?

Angle in "egrees> slope an"le o0 the trendline 0rom a horizontal line dra-n throu"h theinitial point?

'ay 'ight> in0inite duration o0 a trendline to the ri"ht?

'ay Le)t> in0inite duration o0 a trendline to the le0t9

Cycle Lines

To dra- c,cle lines: one should select this object and then clic. -ith the le0t mouse button in

the chart to choose the initial point o0 the lines9 &0ter that holdin" the mouse button one

should moe the mouse to the ri"ht 0or settin" the period to dra- lines9 There is a trendline

bet-een the 0irst and second ertical lines? it helps to dra- "rounded c,cles upon price

ariations9

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Parameters

There are the 0ollo-in" parameters o0 c,cle lines=

#ate;Value> coordinates o0 the initial point *date/alue o0 the price scale+ on the 0irstline?

#ate;Value> coordinates o0 the second point *date/alue o0 the price scale+ on thesecond line9

Arrowe" Line

This object is a strai"ht line -ith an arro- at its end9 #t is intended 0or dra-in" e%planator,

schemes in charts9

#rawing

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To dra- an arro-ed line: one should select this object and then clic. -ith the le0t mouse

button in the chart9 &0ter that holdin" the mouse button one should dra- a line in the

necessar, direction9 &dditional parameters -ill be sho-n near the end point= distance 0rom

the initial point alon" the time a%is: distance 0rom the initial point alon" the price a%is: slope

line 0rom the horizontal line dra-n throu"h the initial point9

anipulations

Three points are located on an arro-ed line9 E%treme points are points 0or chan"in" size and

inclination9 The central one is used 0or moin" the object9

Parameters

There are the 0ollo-in" parameters o0 an arro-ed line=


#ate;Value> coordinates o0 the end point *date/alue o0 the price scale+9

Common parameters o0 objects are described in the correspondin" section9

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Channels

$arious channels can be applied to a price or indicator chart usin" theA#nsert > Objects >

ChannelsA menuor theALine StudiesA toolbar9 The 0ollo-in" channel t,pes are aailable in the

terminal=

Type Description

Equidistant Channel ,ines of the equidistant (trend) channel are always parallel. Two points

must be set for this tool to be drawn. %ead more...

Standard Deviation Channel -tandard deviation is the way of volatility measuring based on statistical

methods. -tandard deviation influences the width of this channel. Two

points must be set for this tool to be drawn. %ead more...

egression Channel %egression channel is a statistical analysis tool used for forecasting of

future values on basis of available data. +f the trend is ascending" onecan logically suppose that the net bar will be a bit higher than the

preceding one. The linear regression method allows to have a statistical

demonstration of such logical conclusions. Two points must be set for

this tool to be drawn. %ead more...

Andrews! "itch#or$ This tool is drawn on three points and represents the parallel trendlines.

The first trendline starts at the selected leftmost point (it is an important

peak or trough) and is drawn precisely between two rightmost points.

This line is the pitchfork helve/. Then" the second and the thirdtrendlines outgoing from the above0mentioned rightmost points

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(significant peak and trough) are drawn in parallel to the first trendline.

These lines are the pitchfork teeth/. *ndrews' 1itchfork is interpreted

as support#resistance lines are normally interpreted.%ead more...

$%ui"istant Channel

E@uidistant Channel represents t-o paralleltrendlinesconnectin" e%treme ma%imum and

minimum close prices9 Mar.et price jumps: dra-s pea.s and trou"hs 0ormin" the channel in

the trend direction9 Earl, identi0ication o0 the channel can "ie aluable in0ormation

includin" that about chan"es in the trend direction -hat allo-s to estimate possible pro0its

and losses9

#rawing

To dra- the e@uidistant channel: one should select this object and then clic. -ith the le0t

mouse button in the chart9 &0ter that holdin" the mouse button one should dra- the channel

in the necessar, direction and set its -idth9 &dditional parameters -ill be sho-n near the end

point o0 the lo-er border o0 the channel= distance 0rom the initial point alon" the time a%is:

distance 0rom the initial point alon" the price a%is9

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anipulations

On the main channel line there are three points that can be moed -ith the mouse9 Moin" o0

the 0irst point chan"es the channel -idth and the len"th o0 the upper and lo-er borders

*len"th o0 borders is chan"ed proportionall, but in di00erent directions+9 Moin" o0 the central

point o0 the main line -ill moe the channel -ithout chan"in" its dimensions9 Manipulations

-ith the third point allo- chan"in" the len"th and direction o0 the -hole channel9 Moin" o0

the point o0 the second channel line allo-s moin" this border independentl, 0rom the main

line9

Parameters

There are the 0ollo-in" parameters o0 the e@uidistant channel=

#ate;Value> coordinates o0 the 0irst point *anchor+ on the main line *date/alue o0 theprice scale+?

#ate;Value> coordinates o0 the last point *moin" point+ on the main line *date/alueo0 the price scale+?

#ate;Value> point coordinates o0 the second line *date/alue o0 the price scale+?

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'ay 'ight> in0inite duration o0 the channel to the ri"ht?

'ay Le)t> in0inite duration o0 the channel to the le0t?

+ill> enable/disable color 0illin" inside the channel9

&tan"ar" #eviation Channel

Standard 'eiation Channel is built on base o0 Linear !e"ression Trend representin" a

usual trendlinebuilt bet-een t-o points on the price chart usin" the method o0 least s@uares9

&s a result: this line proes to be the e%act median line o0 the chan"in" price9 #t can be

considered as an e@uilibrium price line: and an, de0lection up or do-n indicates the

superactiit, o0 bu,ers or sellers respectiel,9

Standard 'eiation Channel consists o0 t-o parallel lines: e@uidistant up and do-n 0rom theLinear !e"ression Trend9 The distance bet-een 0rame o0 the channel and re"ression line

e@uals to the alue o0 standard close price deiation 0rom the re"ression line9 &ll price

chan"es ta.e place -ithin Standard 'eiation Channel: -here the lo-er 0rame -or.s as

support line: and the upper one does as resistance line9 Prices usuall, e%ceed the channel

0rames 0or a short time9 #0 the, .eep outside o0 the channel 0rames 0or a lon"er time than

usuall,: it 0orecasts the possibilit, o0 trend turn9

#rawing

To dra- the channel: one should select this object and then clic. -ith the le0t mouse button

in the chart9 &0ter that holdin" the mouse button one should dra- the channel in the

necessar, direction and set its len"th9 &dditional parameters -ill be sho-n near the end point

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o0 the trendline o0 the channel= distance 0rom the initial point alon" the time a%is: distance

0rom the initial point alon" the price a%is9

anipulations

On the trend line o0 the channel linear re"ression there are three points that can be moed

-ith the mouse9 The 0irst and the last points are used to chan"e the channel len"th in

di00erent directions9 The central point *moin" point+ is used to moe a channel in the chart

-ithout chan"in" its dimensions9

Parameters

There are the 0ollo-in" parameters o0 the standard deiation channel=

#ate> coordinate on the time scale o0 the 0irst point o0 the trend o0 the channel linearre"ression9

#ate> coordinate on the time scale o0 the last point o0 the trend o0 the channel linear

re"ression9 'ay 'ight> in0inite duration o0 the channel to the ri"ht?


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+ill> enable/disable color 0illin" inside the channel?

#eviations> number o0 standard deiation alues 0or buildin" the channel borders9

'egression Channel

!e"ression Channel is built on base o0 Linear !e"ression Trend representin" a

usual trendlinedra-n bet-een t-o points on a price chart usin" the method o0 least s@uares9

&s a result: this line proes to be the e%act median line o0 the chan"in" price9 #t can be

considered as an e@uilibrium price line: and an, de0lection up or do-n indicates the

superactiit, o0 bu,ers or sellers respectiel,9

Linear !e"ression Channel consists o0 t-o parallel lines: e@uidistant up and do-n 0rom the

line o0 linear re"ression trend9 The distance bet-een 0rame o0 the channel and re"ression linee@uals to the alue o0 ma%imum close price deiation 0rom the re"ression line9

#rawing

To dra- the channel: one should select this object and then clic. -ith the le0t mouse button

in the chart9 &0ter that holdin" the mouse button one should dra- the channel in the

necessar, direction and set its len"th9 &dditional parameters -ill be sho-n near the end point

o0 the trendline o0 the channel= distance 0rom the initial point alon" the time a%is: distance

0rom the initial point alon" the price a%is9

4
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anipulations

On the trend line o0 the channel linear re"ression there are three points that can be moed b,

a mouse9 The 0irst and the last points are used to chan"e the channel len"th in correspondin"

directions9 The central point *moin" point+ is used to moe a channel in the chart -ithout

chan"in" its dimensions9

Parameters

There are the 0ollo-in" parameters o0 the re"ression channel=

#ate > coordinate on the time scale o0 the 0irst point o0 the trend o0 the channel linearre"ression9

#ate> coordinate on the time scale o0 the last point o0 the trend o0 the channel linearre"ression9

'ay 'ight> in0inite duration o0 the channel to the ri"ht?


+ill> enable/disable color 0illin" inside the channel9

5


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An"rews( Pitch)ork

&ndre-s1 Pitch0or. is an instrument consistin" o0 three parallel trendlines9 This instrument

-as deeloped b, 'r9 &lan &ndre-s9 #nterpretation o0 &ndre-s1 Pitch0or. is based on standard

rules o0 interpretation o0 support and resistance9 The 0irst trend line starts in a selected

e%treme le0t point *it is an important pea. or trou"h+ and is dra-n e%actl, bet-een t-o

e%treme ri"ht points9 This line is the AhandleA o0 pitch0or.9 Then: the second and the third

trend line issuin" 0rom t-o aboe4mentioned e%treme ri"ht points *important pea. and

trou"h+ are dra-n parallel to the 0irst one9 These lines are AtinesA o0 the pitch0or.9 Si"nal lines

are dra-n parallel to AtinesA o0 the pitch0or.9 The, are dra-n at distances proportional toFibonacci numbers9 The distance bet-een the median line *continuation o0 a AhandleA+ and

AteethA o0 the pitch0or.9

#rawing

To dra- &ndre-s2 Pitch0or.: one should select this object and then clic. -ith the le0t mouse

button in the chart plottin" the 0irst point *be"innin" o0 the AhandleA+9 &0ter that one should

plot the second point o0 the AhandleA in a chart and holdin" the mouse button moe the cursor

thus settin" AteethA o0 the pitch0or. and si"nal lines at the necessar, distance9 &dditional

parameters -ill be sho-n near the cursor 4 three pairs o0 numbers9 The 0irst pair indicates the

AhandleA be"innin": the 0irst alue is al-a,s e@ual

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