DTN.IQ Trendlines

DTN.IQ Chart Help

Trendlines Chart Help

Trendlines are upward or downward lines showing movements of average prices over a period of time. You can use Trendlines to chart the past direction of securities and help predict future price movements.

You can draw the following Trendlines on a DTN.IQ Chart:

Trendline Description
Horizontal Line connecting highs and lows at the same price.
Sloping Line connecting highs and lows at different prices.
Parallel Two parallel lines drawn on your charts.
Andrew’s Pitchfork Three parallel lines drawn from three points on your charts. The lines make up the two times and a handle of a pitchfork. The interpertation of a pitchforck is based on normal Trendline support and resistance principles.
Fibonacci Fans Use to anticipate changes in trends as prices near lines. Imaginary vertical line is drawn through the end point of the Trendline and marked at the Fibonacci levels o 38.2%, 50% and 61.8%. Three lines are then drawn from the starting point of the original line through the market points.
Fibonacci Retractments Use to antipcate trends as prices near the lines. Horizontal lines are drawn to intersect the Trendline at the Fibonacci levels of 23.6%, 50% and 61.8%. After a significant up or down price move, prices often retrace a significant portion or the entire original move. As prices retrace, support and resistance levels often occur at or near the Fibonacci Retractment levels.
Speed Resistance Series of Trendlins that divide a price move into three equal sections.

Drawing Trendlines

To draw a Trendline on a Chart:

  1. Draw a Chart.
  2. Right click on an empty area on a Chart.
  3. From the popup menu, click on Draw Trendlines.

A popup menu of Trendlines appears.

  1. Click on a Trendline:
  • Horizontal
  • Sloping
  • Parallel
  • Andrew’s Pitchfork
  • Fibonacci Fan
  • Fibonacci Retractments
  • Speed Resistance
  1. Draw the Trendline on the appropriate area of the Chart:
Trendline Description
Horizontal Click a point on the Chart and drag the mouse to the left or right. Click on the end point of the Trendline.
Sloping Click a point on the Chart and drag the mouse in any direction. Click on the end point of the Trendline.
Parallel Top draw the first line, click on a point on the Chart and drag the mouse in any direction. Click the mouse button to display the parallel line. Position the line above or left/right of the first line.
Andrew’s Pitchfork Click on the first point and then click on the second point. Move the mouse point to the left and then click on the third point.
Fibonacci Fans Click on a point on the chart and drag the mouse in any direction. Click on the end point of the Trendline.
Fibonacci Retractments Click on a point on the chart and drag the mouse in any direction. Click on the end point of the Trendline.
Speed Resistance Click on a point on the chart and drag the mouse in any direction. Click on the end point of the Trendline.

Tip: To cancel a Trendline, click the right mouse button.

  1. When you finish drawing the Trendline, click the left mouse button to freeze the Trendline in place.

To delete an individual Trendline on a Chart:

  1. Draw a Chart with Trendlines.
  2. Right click on the Trendline to delete.
  3. From the popup menu, click on Delete Trendline.

The Trendline flashes and a Delete dialog box appears.

  1. Click on Yes to confirm.

To delete all Trendlines on a Chart:

  1. Draw a Chart with Trendlines.
  2. Right click anywhere on the Chart.
  3. From the popup menu, click on Delete all Trendlines.
  4. Click on Yes to confirm.

To select Trendline colors:

  1. From the DTN.IQ Smart Bar, click on the Chart icon. 
  2. Click on the toolbar Settings icon. 

The Settings dialog box appears.

  1. Select the Upper Studies tab.
  2. Choose the type of Trendline from the drop down menu.
  3. Click on its color box.

The Color dialog box appears.

  1. Click on a color.
  2. Click on OK to close the Color dialog box.
  3. Click on OK to save your selections and close the Settings dialog box.