Click here to Login








Horizontal Line - Changes by Value and Percentage

by Caleb, 3112 days ago
Share |






As with the default horizontal line, this drawing item plots a horizontal line at the mouse Y position when you click on a chart. Beside that line, another line that corresponds to the distance between the horizontal line and the last close price is also drawn at the first bar of the chart. Below the horizontal line, I have displayed three metrics:
- Level: This corresponds to the horizontal line level
- $: This is the distance, in dollars, between the horizontal line and the last visible close price
- %: The percentage of gain a stock must achieve in order to reach the horizontal line.

As an example, the highest close value of Asset Acceptance Capital Corp. (AACC) over the last 250 trading bars (one year) is equal to 7.82.
The current close price of the stock is $5.76. When you draw a horizontal line at the $7.82 level, you will see displayed:
Level: 7.82 - $: 2.06 - %: 35.76

The first item is the horizontal line level, the second is the distance between the stock price and the previous level (7.82 - 5.76). The last metric is the percentage of increase AACC will have to achieve in order to touch the horizontal line. It is calculated by dividing the distance in dollars by the stock price and then multiplying the result by 100.

The line color as well as the text back color can be updated by right clicking on the drawing item and changing the value of the "Line Color" field.


Share This ->
Share |


You have to log in to bookmark this object
What is this?




Type: Custom Drawing Tool

Object ID: 947


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects
Show All
Reward/Risk Drawing Tool (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 23 Notes Report an item
Interconnections Drawing Item (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 15 Notes Report an item
Channel Drawing Tool (by Juliettpapa, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 29 Notes Report an item
Slope Angle of a Trendline (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 44 Notes Report an item
Trendline (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 40 Notes Report an item
Close Price Above Cursor (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 33 Notes Report an item
ATR - Average True Range Drawing Tool (by Juliettpapa, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 53 Notes Report an item
Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Create a Trading Strategy using Portfolio123 Ranking Systems

How to Quickly Create Fundamental Scans

Download Trading Data using the Post-Script

Download Trading Data using the Pre-Script

Download Trading Data using the URL-Script

Trading Items: Data Download using .Net Scripts

Adding Trading Indicators and Formulas to a Chart

How to Download and Use Fundamental Data

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2019 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.