Drawing Tools

From Fibonnaci Retracements to Gann Fans, TradingLite offers a wide range of highly customisable drawing tools.

This guide was written to ensure that you are able to utilise these tools to their fullest extent.


Drawing Toolbar

To the left of your TradingLite browser window, you will find the Drawing Toolbar:

Magnet
Crosshair Mode
Currently there are 5 different crosshair modes available to use.

These include:

  • Dashed horizontal/vertical

  • Dotted horizontal/vertical

  • Solid horizontal/vertical

  • Mouse / Hidden

  • Dot

Magnet
Magnet
The magnet toggle allows you to quickly ‘snap’ to OHLC (Open, High, Low, Close) values on the chart, in addition to points drawn by Indicators, enabling the ability to accurately draw or measure between various points.

Hide-Show
Hide/Show
Quickly hide or show all of your drawings via the toggle.

Lock-Unlock
Lock Drawings
Pressing the ‘padlock’ icon allows you to lock all of your current drawings in place to prevent accidental selection preventing movement or deletion.

Note that once the Lock Drawings is selected/locked, you will not be able to add additional drawings until you unselect/unlock.

You can also lock drawings individually by pressing the padlock icon within the mini menu that is displayed on completion/selection of a drawing.

Delete
Delete / Clear All Drawings
Quickly delete / clear all drawings via this button. If you accidentally press this, use the Undo button in the top toolbar to restore your drawings.


Drawing Options

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Crosshair Mode
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Crosshair Magnet
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Show / Hide Drawings
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Lock / Unlock Drawings
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Clear all Drawings
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Trendline
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Gann Fan
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Rectangle
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Measure
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Text Tool
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Pencil
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Horizontal Ray
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Vertical Ray
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Fibonacci Retracement
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Fibonacci Extension
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Parallel Channel
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Risk / Reward
The drawing tools have the following options available via the mini menu, that is displayed upon completion/selection:

Drawing-mini-menu- Color

  • Transparency/Opacity/Fill
  • Line thickness (in px) - Click to change
  • Line style (solid, dash, dots) - Click to change
  • Padlock - Lock/Unlock this particular drawing
  • Cog - Manually selection of Line Colour, Thickness and Style, in addition to editable coordinates
  • Trash Can - Delete

A double click of your drawing will allow manual selection of the drawings’ parameters, within the drawing options window (shown below).


Drawing Options Window

Double clicking on any of your drawings will produce the Drawing Options Window.

Drawing-Options-WindowHere you will have the ability to finely tune the drawings’ positions, allowing for greater accuracy across timeframe. This window also has the ability to be docked to suit your preferences.


New: Measure Tool

In addition to the standard price, percentage and time measurements, if the TradingLite heatmap is active, the measure tool will also show the cumulative order book values within the measured range.

Measure-ToolThe value at the top shows the largest value of orders within the Order Book, with the value at the bottom showing the lowest value of orders within the Order Book. The ‘Total:’ value shows the cumulative value of all orders within the space measured.

In effect, an upward trajectory shows an increase in value of liquidity / limit orders being placed, whilst a downward trajectory shows a decrease in value of liquidity / limit orders being placed.


New: X-Axis Accuracy

Previously, you only had the ability to define price points along the Y-axis for drawing. Now you can define time via the X-axis also, allowing greater precision.

x-axisImportantly and unlike other platforms, these X & Y positions are fixed, no matter the timeframe chosen, maintaining pin-point accuracy throughout.


New: Ranges

The update also brings X & Y axis label ranges when either creating a new drawing, or selecting a previously drawn object.

rangesThis allows you to quickly view, on both axises, the price and a time range respectively.


Suggestions

Missing a particular drawing tool? Or style option? Have a browse over at our Suggestions/Feedback area. Make sure you search to determine if your suggestions has not already been mentioned. If so, give it a vote! If not, feel free to create a new suggestion.