Thursday, May 23rd, 2024

How to use Minichart drawing tools?

Minichart offers a variety of effective drawing tools to assist you in identifying market trends. The Chart menu provides access to the drawing tools.
Anywhere on the chart, you may add text notes by choosing Annotation from the Drawing Tools menu.

You can create Fibonacci extension and retracement grids to find hidden levels of support and resistance that could be relevant at different points in a position’s existence. The grid ratios that closely match gaps, moving averages, previous highs and lows, and other technical indicators are the most reliable Fib reversal signs. Retracement grids can be used to create intricate entry and exit plans, while extension grids can be used to find price goals and adjust risk management parameters.

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