Drawing and Annotating Charts

Introduction

TrendSpider makes it easy to add drawings and annotations to any chart, as well as share the chart with others.

Using Drawings & Annotations

You can add a drawing using the annotations toolbar on the left-side of the screen. You can remove a drawing, create an alert or edit the drawing’s properties (e.g. color and style) by right-clicking on the drawing and making the appropriate selection.

Annotations Toolbar

You can also quickly clone or drag annotations to speed up your analysis:

  • Clone any annotation by right-clicking on the annotation and selecting “Clone This Annotation”.
  • Drag any trend line or Fibonacci sequence by simply clicking on it and moving it.

Note: When you switch between light and dark mode, the annotations are automatically updated to be easily visible.

Trend Lines

Trend lines connect a series of highs or a series of lows on a chart to illustrate support levels, resistance levels, price channels or price trends.

You can create a trend line in a few easy steps:

  1. Select Trend Line from the sidebar or press Alt+R.
  2. Click on the starting point of the trend on the chart.
  3. Click on the ending point of the trend on the chart.

A line will be drawn connecting the two points and it will continue to move out into the future.

Segment Lines

Segment lines are similar to trend lines, in that they show support or resistance levels, but they do not continue into the future.

You can create a segment line in a few easy steps:

  1. Select Segment Line from the sidebar or press Alt+L.
  2. Click on the starting point of the trend on the chart.
  3. Click on the ending point of the trend on the chart.
  4. Optionally, drag segment lines around by clicking on the line and dragging the circles.

Ruler Line

Ruler lines automatically add an error, change percentage, and time frame for the length of the measured area or trend line.

You can create a ruler line in a few steps:

  1. Select Ruler Line from the sidebar or press Alt+M.
  2. Click on the starting point of the trend on the chart.
  3. Click on the ending point of the trend on the chart.

Horizontal Lines

Horizontal lines project a given price level out into the future to show potential areas of support or resistance. For example, you may create a horizontal line at the beginning of a gap to identify a price target for the gap to be filled.

You can create a horizontal line in just a couple steps:

  1. Select Horizontal Line from the sidebar or press Alt+H.
  2. Click on the point at which the horizontal line should be drawn.
  3. Optionally, drag the horizontal line to move it on the chart.

Vertical Lines

Vertical lines project a given point in time to show when specific events occurred. For example, you may create a vertical line to illustrate when an earnings date occurred to see what has happened since then.

You can create a vertical line in a couple steps:

  1. Select Vertical Line from the sidebar or press Alt+V.
  2. Click on the point at which the vertical line should be drawn.
  3. Optionally, drag the vertical line to move it on the chart.

Interaction Lines

Interaction lines are similar to vertical lines, but they add a circle to highlight intersections with any indicators or trend lines that are active on the chart.

You can create interaction lines just like you would a vertical line:

  1. Select Interaction Line from the sidebar or press Alt+I.
  2. Click on the point at which the interaction line should be drawn.
  3. Optionally, drag the interaction line to move it on the chart.

Arrows

Arrows are helpful for showing entry and exit points since they illustrate both a point in time and a direction.

You can create arrows in a couple steps:

  1. Select Arrow from the sidebar or press Alt+A.
  2. Click on the point at which the arrow should be drawn and move the cursor to position it up or down.
  3. Optionally, drag the arrow to move it on the chart.

Rectangles

Rectangles are helpful for showing where something happened, such as highlighting a chart pattern.

You can create rectangles in a few easy steps:

  1. Select Rectangle from the sidebar or press Alt+S.
  2. Click on the point at which the rectangle should start and drag the cursor to the end point before releasing it.
  3. Optionally, drag the rectangle to move it on the chart or resize it by clicking on the circle toggles.

Area Highlight

Area highlights add an arrow, change percentage, and time frame to the standard rectangle to make it easier to see price dynamics over a range.

You can create area highlights just like a rectangle:

  1. Select Area Highlight from the sidebar or press Alt+E.
  2. Click on the point at which the area highlight should start and drag the cursor to the end point before releasing it.
  3. Optionally, drag the area highlight to move it on the chart or resize it by clicking on the circle toggles.

Circle

Circles are similar to rectangles, but provide an alternative way to illustrate where something happened.

You can create a circle using a similar set of steps:

  1. Select Circle from the sidebar or press Alt+C.
  2. Click on where the center of the circle should be and release the cursor where the outside radius should be.
  3. Optionally, drag the circle to move it on the chart or resize it by clicking on the circle toggles.

Text

Text is helpful for providing context for chart patterns or other drawings.

You can add text a few easy steps:

  1. Select Text from the sidebar or press Alt+T.
  2. Click on where the text should appear.
  3. Write the text message in the pop-up box.
  4. Configure any other properties and then click Done.
  5. Optionally, move the text around on the chart.

Fib Sequence

Fibonacci sequences are a great way to identify potential areas of support and resistance using the so-called golden ratio.

You can add a Fibonacci sequence in a couple steps:

  1. Select Fib Sequence from the sidebar or press Alt+F.
  2. Click on the starting point of the Fibonacci pattern (e.g. a high).
  3. Click on the ending point of the Fibonacci pattern (e.g. a low).
  4. Optionally, move the Fib Sequence around on the chart or resize it.

Note: You can toggle the colored section of the Fibonacci tool on and off by right-clicking any Fibonacci drawing and then selecting Properties. This will bring up the Fibonacci Sequence menu where you can toggle the “Fill Mid” option.

Measurements

Measurements provide an easy way to measure price change over a period of time. While it’s not a permanent annotation, it can be helpful for showing the profitability of a trade.

You can make a measurement in a few steps:

  1. Select Measurement from the sidebar or press Alt+M.
  2. Click on the starting point of the measurement.
  3. Drag the cursor to see the change over a give period of time.