Articles on: Layouts and widgets

Understanding the Chart Widget of Altrady (Part- 3)

Easy to use and intuitive, the chart widget of Altrady not only shows you the real-time prices and market movements but also provides you with cutting-edge tools to help you make informed trading decisions. With the help of the chart widget, users can trace price points, insert comments, place texts, draw figures among others.

This documentation is a continuation of Understanding the Chart Widget of Altrady (Part- 2). To view the second part click here.

In this documentation, you will understand how to:

Change the cursor type
Use the trend line tools
Use Gann and Fibonacci tools
Use the Geometric shapes tool
Use the Annotation tool
Draw patterns on the chart
Use the prediction and measurement tool
Use the icon tool
Use the measure tool
Zoom in and out of the price chart
Use the magnet tool
Use the stay in drawing mode tool
Lock/unlock all drawings
Hide all the drawings
Remove all drawings

Let’s begin.

How to Change the Cursor Type



Step -1: To change the cursor type, all you need to do is double-click on the Cursor option located at the top of the left-side toolbar and select the desired cursor type from the drop-down.





The following cursor types are available in the chart widget:

Cross
Dot
Arrow
Eraser



Users can also add a cursor type to favorites by clicking on the Star icon next to the cursor type’s name. Once added, the cursor type that was added to favorites will appear in the chart. Users can click on that cursor type icon to use the cursor type whenever they want.





Users can use the eraser cursor type to delete the existing drawings and text in the chart.



How to Use the Trend Line Tools



Step -1: To use the trend line tool, simply click on the Trend line option in the left-side toolbar and select the desired trend line.





The following trend lines are available in the chart widget:

Trend line
Info line
Trend angle
Horizontal line
Horizontal ray
Vertical line
Cross line
Arrow
Ray
Extended
Parallel change
Disjoint angle
Flat top/bottom



Users can add a trend line to favorites by clicking on the Star icon next to the trend line’s name. Once added, the trend line that was added to favorites will appear in the chart. Users can click on that trend line icon to use it whenever they want.





Step -2: Once you have selected your desired trend line, click on the chart and draw the trend line to your liking.



Step -3: To change the trend line settings, double-click on the trend line that you drew on the chart or right-click on the trend line that you drew and select the Settings option from the drop-down.



Once you click on the settings option, the Trend line settings dialog would be displayed with three tabs: Style, Coordinates, and Visibility, as shown below:



For more detailed information on trend line settings click here

How to Use Gann and Fibonacci Tools



Step -1: To use gann and fibonacci tools, simply double-click on the Gann and fibonacci tool option in the left-side toolbar and select the desired Gann and Fibonacci tool from the drop-down.





The following tools are available in the chart widget:

Pitchfork
Schiff Pitchfork
Modified Schiff Pitchfork
Inside Pitchfork
Pitchfan
Gann Box
Gann Square
Gann Square Fixed
Gann Fan
Fib Retracement
Trend-Based Fib Extension
Fib Speed Resistance Fan
Fib Time Zone
Trend-Based Fib Time
Fib Circles
Fib Spiral
Fib Speed Resistance Arcs
Fib Wedge
Fib Channel



Users can add any of these Gann and Fibonacci tools to favorites by clicking on the Star icon next to the tool’s name. Once added, the Gann and Fibonacci tool that was added to favorites will appear in the chart. Users can click on that Gann and Fibonacci tool icon to use it whenever they want.





Step -2: Once you have selected your desired Gann/Fibonacci tool, click on the desired area on the chart to display it.



Step -3: To change the Gann and Fibonacci tool settings, double-click on the shape that you drew or right-click on the shape that you drew and select the Settings option from the drop-down.



Once you click on the Settings option, Gann and Fibonacci tool settings dialog would be displayed with three tabs: Style, coordinates, and visibility as shown below:

Style- Under the style setting, users can change the appearance of the drawn tool.



Coordinates- Under the coordinates tab, users can set the position of the annotation’s points on the price scale by setting the price and setting the bar number.



Visibility- Under the visibility tab, users can configure the drawn tool with different timeframes (e.g. minutes, hours, days, weeks, or months)



How to Use the Geometric Shapes Tool



Step -1: To use the geometric shapes tool, simply double-click on the geometric shape option in the left-side toolbar and select the desired geometric shape from the drop-down.





The following geometric shapes are available in the chart:

Brush
Rectangle
Rotated rectangle
Ellipse
Triangle
Polyline
Curve
Double curve
Arc



Users can add any of these geometric shapes to favorites by clicking on the Star button next to the geometric shape’s name. Once added, the geometric shape that was added to favorites will appear in the chart. Users can click on that geometric shape icon to use it whenever they want.





Step -2: Once you have selected your desired geometric shape, click on the chart and draw the geometric shape to your liking.



Step -3: To change the geometric shapes settings, double-click on the geometric shape that you drew on the chart or right-click on the geometric shape that you drew and select the Settings option from the drop-down.



Once you click on the Settings option, the Geometric shapes settings dialog would be displayed with three tabs: Style, Coordinates, and Visibility, as shown below:

Only Rectangle, Triangle, Curve, and Double curve shapes have coordinates property.

Style- Under the style setting, users can change the appearance of the shape/line.



Coordinates- Under coordinates setting, users can set the position of the shape’s end points on the price scale by setting the price and the time axis by setting the bar number.



Visibility- Under the visibility setting, users can set the shapes with different timeframes.



How to Use the Annotation Tools



Step -1: To use the annotation tool, all you need to do is double-click on the annotation tool option in the left-side toolbar and select the desired annotation type from the drop-down.





The following annotation types are available in the chart widget:

Text- It allows you to write your analysis directly on the chart.
Anchored text- Anchored text box is just like the standard text box, except that it is anchored to the screen. It will stay visible on the chart and doesn’t scroll with a series, no matter how far into the past or future you scroll the chart.
Note: It allows you to add text notes directly on the chart.
Anchored note: It allows you to anchor a note to the chart.
Callout: It lets you create a text box that points to a specific point.
Balloon: It allows you to make a smaller, more targeted notation than a text box. Balloon annotation is great for placing text that points to a specific area on the chart.
Price label: It allows you to highlight a specific price on the chart.
Arrow mark left: It allows you to place an arrow pointing to the left on the chart.
Arrow mark right: It allows you to place an arrow pointing to the right on the chart.
Arrow mark up: It allows you to place an arrow pointing up on the chart.
Arrow mark down: It allows you to place an arrow pointing down on the chart.
Flag mark: It lets you mark points of significance on the chart.



Users can add any of these annotation types to favorites by clicking on the Star icon next to the annotation type’s name. Once added, the annotation type that was added to favorites will appear in the chart. Users can click on that annotation icon to use it whenever they want.





Step -2: Once you have selected your desired annotation type, click on the desired area on the chart to display it.



Step -3: To change the annotations settings, double-click on the annotation that you added to the chart or right-click on the annotation that you added to the chart and select the Settings option from the drop-down.



Once you click on the Settings option, the Annotations settings dialog would be displayed with three tabs: Style, Coordinates, and Visibility, as shown below:

Style: Under the style setting, users can change the appearance of the annotations.



Coordinates: Under coordinate setting, users can set the position of the annotation’s points on the price scale by setting the price and the time axis by setting the bar number.



Visibility: Under visibility setting, users can set the shape with different timeframes (e.g. minutes, hours, days, weeks, months)



How to Draw Patterns on the Chart



Step -1: To draw a pattern on the chart, simply double-click on the Pattern option in the left-side toolbar and select the desired pattern from the drop-down.





The following pattern options are available in the chart widget:

XABCD Pattern
Cypher Pattern
ABCD Pattern
Triangle Pattern
Three Drives Pattern
Head and Shoulders
Elliott Impulse Wave
Elliott Triangle Wave
Elliott Triple Combo Wave
Elliott Correction Wave
Elliott Double Combo Wave
Cyclic Lines
Time Cycles
Sine Line



Users can add any of these patterns to favorites by clicking on the Star icon next to the pattern’s name. Once added, the pattern type that was added to favorites will appear in the chart. Users can click on that pattern type icon to use it whenever they want.





Step -2: Once you have selected your desired pattern type, click on the chart and draw the pattern to your liking.



Step -3: To change the pattern settings, double-click on the pattern that you drew on the chart or right-click on the pattern that you drew and select the Settings option from the drop-down.



Once you click on the settings option, the pattern settings dialog would be displayed with three tabs: Style, Coordinates, and Visibility, as shown below:

Style: Under the style tab, users can change the appearance of the drawn pattern.



Coordinates: Under the coordinates tab, users can set the position of the pattern’s end points on the price scale by setting the price and setting the bar number.



Visibility- Under the visibility tab, users can configure the drawn tool with different timeframes (e.g. minutes, hours, days, weeks, months).



How to Use The Prediction and Measurement Tools



Step -1: To use the prediction and measurement tool, all you need to do is double-click on the prediction and measurement tool option in the left-side toolbar and select the desired tool from the drop-down.





The following tools are available in the chart widget:

Long Position
Short Position
Forecast
Date Range
Price Range
Date and Price Range
Bars Pattern
Ghost Feed
Projection



Users can add any of these prediction and measurement tools to favorites by clicking on the Star icon next to the tool’s name. Once added, the prediction and measurement tool that was added to favorites will appear in the chart. Users can click on that prediction and measurement tool icon to use it whenever they want.





Step -2: Once you have selected your desired prediction/measurement tool, click on the desired area on the chart to display it.



Step -3: To change the prediction and measurement tool setting, double-click on the shape that you drew or right-click on the shape that you drew and select the Settings option from the drop-down.



Once you click on the Settings option, the prediction and measurement tool settings dialog would be displayed with three tabs: Style, Coordinates, and Visibility, as shown below:

Style: Under the style tab, users can customize the appearance of the prediction/measurement drawn.



Coordinates: Under the coordinates settings, users can set the position of the prediction/measurement points on the price scale by setting the price and the time axis by setting the bar number.



Visibility: Under the visibility tab, users can set the shape with different timeframes (e.g. minutes, hours, days, weeks, months)



How to use the Icon Tool



Step -1: To use the icon tool, simply double-click on the icon option in the left-side toolbar and select the desired icon from the drop-down.





Step -2: Once you have selected your desired icon, click on the desired area on the chart to display it.



Step -3: To change the icon settings, double-click on the icon that you added to the chart or right-click on the icon that you added to the chart and select the Settings option from the drop-down.



Once you click on the Settings option, the icon settings dialog would be displayed with two tabs: Style and Visibility.



How to Use the Measure Tool



The measure tool allows the users to measure the distance between the price bars.

Step -1: To use the measure tool, simply click on the measure tool icon in the left-side toolbar and click at the starting point of the area you want to know more about in the chart and then at the end point of that area.



How to zoom in and out of the price chart



Step -1: To get a better overview of the price level and market movements, you can zoom in on the chart by selecting the area you want to look closer at. To zoom in, simply select the zoom in magnifying glass icon in the left-side toolbar and click and hold at the starting point of the area you want to know more about in the chart, and drag it up to the end point of that area.



Step -2: Click on the Zoom out magnifying glass icon in the left-side toolbar to zoom out of the price chart.



How to Use The Magnet Tool



Magnet mode snaps drawings placed near price bars to the closest Open/High/Low/Close values.

Step -1: To use the magnet tool, simply double-click on the Magnet mode button in the left-side toolbar and select your desired drawing tool from the left-side toolbar.





The following magnet mode types are available:

Weak magnet: It snaps the drawing points to the price bars when you are drawing near them.



Strong magnet: It snaps the drawing points to the price bars regardless of the distance between those points and chart values.



Step -2: Once you have clicked on the Magnet mode button and selected your desired drawing tool, click on the chart and draw the pattern or shape to your liking. Enabling the magnet mode will make your cursor snap to the Open/High/Low/Close of nearby price bars, as shown below:



How to Use the Stay in Drawing Mode Tool



Stay in drawing mode tool lets you use the same drawing tool multiple times and draw multiple drawings on the chart without clicking the tool every time you draw.

Step -1: To use the stay in drawing mode tool, all you need to do is click on the Stay in drawing mode button in the left-side toolbar and select your desired Drawing tool from the left-side toolbar.





Step -2: Once you have clicked on the Stay in drawing mode button and selected your desired Drawing tool, click on the chart and draw multiple drawings to your liking.



How to Lock/unlock all Drawings



Step -1: To lock all the drawings on the chart, simply click on the Lock all drawings tool icon in the left-side toolbar.



When all the drawings are locked, you won’t be able to move or edit the drawings on the chart.



Step -2: To unlock all the locked drawings on the chart, simply press the Lock all drawings tool icon in the left-side toolbar.



How to Hide All the Drawings



Step -1: To hide all the drawings on the chart, simply click on the Hide all drawings icon in the left-side toolbar.



Step- 2: To unhide all the hidden drawings on the chart, all you need to do is click on the Hide all drawings icon again in the left-side toolbar.



How to Remove All Drawings



Step -1: To remove all the drawings from the chart, simply double-click on the Remove drawing tool button in the left-side toolbar and select the Remove drawing tools, Remove indicators or Remove drawing tools and indicators from the drop-down.





Remove drawings tool- This option would remove all the drawings from the chart, as shown below:



Remove indicators- This option would remove the indicators from the chart, as shown below:



Remove drawings tool and indicators- This option would remove all the drawings and indicators from the chart, as shown below:



If you still have any doubts, please feel free to chat with our customer support service.

Updated on: 20/04/2021

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