Arrow

Application

The Arrow drawing tool is used simply to point out features of the chart, typically either price movements or indicator/study movements.

Style

In the Style property dialog, it is possible to change the appearance of an arrow: 

Line

Sets the color, opacity, thickness and style of an arrow's line. The second drop-down menu contains options of setting the line style and extending one or both arrow's ends to infinity. Also, in the last two drop-downs of Line section, an arrow-shaped end or a normal one may be set for the left and right ends of the line.

Middle Point

Toggles the visibility of the arrow line's mid-point.

Price labels

Toggles the visibility of price values of the arrow line's two points on the price axis

STATS

Checkboxes Price range, Percent change, Change in pips, Bars range, Date/time range, Distance, Angle allow to display the label with the relevant information beside the arrow line on a chart.

Position for this label is to be selected in Stats position drop-down menu.

Price range

Toggles the visibility of text displaying the price range between the arrow line's two points.

Percent change

Toggles the visibility of text displaying the percent change in price between the arrow line's two points.

Change in pips

Toggles the visibility of text displaying the price change between the arrow line's two points in pips.

Bars range

Toggles the visibility of text displaying the number of bars between the arrow line's two points.

Date/time Range

Toggles the visibility of text displaying the date/time range between the arrow line's two points.

Distance

Toggles the visibility of text displaying the specific distance (in terms of periods) between the arrow line's two points.

Angle

Toggles the visibility of text displaying the inclination angle of the arrow (in degrees).

Always show stats

If this checkbox is not selected, Stats will appear beside only when the arrow is selected by mouse click.

Text

In the Text property dialog, it is possible to change the text format.

When the Text checkbox is active, a text may be entered in the text box to be displayed beside the arrow. You can change the text color and font size. You can also choose to bold and/or italicize the text. The Text alignment drop-down allows to set the text position along the arrow line.

You can edit the text of an arrow directly on the chart – you just need to click on the text field, and you can type.

Coordinates

In the Coordinates properties dialog, you can set precisely the position of the arrow's end points on the price scale (by setting the price) and the time scale (by setting the bar number):

Price 1

Allows for the precise placement of the arrow's first point (Price 1) using a bar number and price.

Price 2

Allows for the precise placement of the arrow's second point (Price 2) using a bar number and price.

Visibility

In the Visibility properties dialog you can switch displaying of the arrow on charts of different timeframes:

Alert

It is possible to set an alert to get notified about a series crossed the Arrow on a chart. Use the clock icon in floating drawing toolbar or in right click menu on the Arrow itself:

Then select a condition, periodicity and preferable method of notification, edit notification message if you wish, and press Create: