Tutorial 201 | Annotated trend line drawing tool

In tutorial 201 trendlines drawn on the chart are are analyzed and text is added to the chart, associated with the trendline. The contents of the text can include, either points value, dollar value, ATR multiple (before the trendline), number of bars or a combination of all this information depending on the setting of a user input: ShowValue.Show more

The ATR value being shown is actually the multiples of ATR (calculated before the move) for the move, not the ATR value.

If the chart is refreshed the program recalculates the values based on the trendline objects that remain on the chart. This also occurs if MaxBarsBack is set to auto-detect. In this case, when a drawing object is added earlier on the chart to the current drawing objects, the chart recalculates.

If the lines are moved or either of the start or end positions are changed, the text label is updated.

The free download is available here: https://markplex.com/free-tutorials/tutorial-201-trend-line-drawing-tool/

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