Price range
Measurers2 points to clickMeasures the difference and percentage between two prices.
What it looks like
The numbered dots are where you click. Once drawn, you can grab those dots and move them.
How to draw it
Click the two levels; the space between is shaded and the difference and percentage are printed.
When to use it
The horizontal width carries no meaning — this measures vertical distance only.
In SQMATE
What you draw stays
Lines you draw are saved to that symbol's notebook. Open the symbol again and they are still there.
Editable afterwards
Grab the points to move them, and change colour, width and line style. Undo works too.
Shares as drawn
Send the chart as a single link. Whoever opens it sees the same lines.
Related tools
- Date rangeMeasures how many bars lie between two places.
- Date & price rangeMeasures price difference and bar count at the same time.
- R:RMeasures the distance to a target and to an invalidation level as a ratio.
- Position forecastTakes the shape of a past stretch and continues it forward.
- Bars patternCopies a run of past bars and overlays them somewhere else.
- Ghost feedFloats a past stretch of bars beside the current ones as a ghost.
Drawing tools are a way to organise your thinking. A line you draw does not decide what price will do.