Graphic Tools

Graphical tools are a convenient way to measure price and time and to evaluate such characteristics as slope, parallelism, area and percentage of recovery. Many tools are linked to each other, with only small changes in the principles of construction. Different authors in their articles and books is often presented these instruments and their construction, depending on how they understand their use when trading in the market. I used the names of tools, which I know them, and apologize if you are familiar with this tool by any other name. Graphical tools to represent the geometric construction, and this article will show how they are built.

Trend line

Trend line is a fundamental tool for the graphical analysis. They are most often between the two major turning points of the market. This type of trend line is often called the line of oscillation.

Variety: a linear regression trend line is defined mathematically in a way that it was a more suitable line. The line is constructed through the price of using the method of least squares so as to minimize the distance between the price and the trend line.

Variety: the line continues forward and / or back in time.


Line feed

Lines are constructed parallel to the channel trend line with an interval that includes the highest maximum and lowest minimum graphic bars.

Variety: interval based on the standard deviation of prices.

Variety: interval based on the percentage of the price.

Variety: Channel regression lines are equal Raffi conducted in parallel channel lines of linear regression trend line.


Models Pezavento

This graphical tool, named in honor of Larry Pezavento to popularize this method of analysis in his book "Advantageous model for trade in the market." Tech is marking the line XB percentage pricing AB compared to XA.

In the example: (Price A - Price B) / (Price - Price X) = 0.618


Lines of support and resistance

Trend line support for the following graphic bars, combining minimum fluctuation. Trend line resistance are above graphic bars, combining maximum fluctuation. The most popular use of such lines is in the tracing, when the trend will break through the trend line to enter the market in the direction of a new trend.

Variety: added the line parallel to the channel trend line of support or resistance. For example, the line feed can be carried out through the point A, which is parallel to the line XB.


Fibonacci Extensions

XAB model is often used to predict future price action. Engineering Extensions Fibonacci is the next trend line BC parallel trend lines XA. The length of line BC is equal to a percentage of the length of the Fibonacci lines XA. The three most common percentages are - 0.618, 1.000 and 1.618. The above example shows the three target price level.

Variety: point C (Enhanced Fibonacci 1.000) can be obtained by moving the line XB to point A. The line AC is equal to the length of the line parallel to XB and XB. The line AC is otmerennym traffic to the target at a price and time. The words "The objective of price and time taken from the book" just trade with the objectives of cost-effective and time-Stevenson.


Parallel lines

The line is carried out in parallel lines XA, to build a canal through the point B. The channel is divided a large number of lines at regular intervals.

Variety: Various interest to divide the line AB, such as percent Fibonacci - 0.214, 0.382, 0.50, 0.618, and 0.7856

Variety: high interest rates used to construct additional parallel lines away from the channel AB.

Variety: first, a reliance XB, and then moves to the point A. This will hold the line along the line XB, instead of parallel lines XA.


Forks Andrews

Forks Andrews constructed using parallel lines, carried out through three points, numbered XAB. Points X, A and B are typical peaks fluctuations. Will handle is constructed from a point X, through the mid-point trend line AB. Two lines (teeth) are parallel to the handle of the points A and B.

Variety: additional lines (teeth) are carried out through a quarter and eighth trend line AB, ie at 0.125, 0.25, 0.375, 0.625, 0.75, and 0.875.

Variety: Fibonacci percentages are used instead of eight shares, ie 0.214, 0.382, 0.618 and 0.786.

Variety: teeth are out of line AB, using higher interest rates.

Schiff Lines

The lines are built, like Schiff Vilam Andrews. The difference is that the end of the handle fork starts from mid-line instead of a XA X. Thus, the teeth are parallel to the line XB.




Line Speed

Line speeds are a different kind of Wil Andrews. All lines (rays) are conducted from the point X. The rays pass through a point located on the line AB. The line AB can be divided by these points on eight or interest Fibonacci



Fibonacci Levels

Fibonacci levels are one of the most popular tools. This is, basically, you can submit a variety of Schiff Lines for Wil Andrews to point B, moved to form a right triangle with a line of XA. This is the construction of two points, because point B is automatically associated with a point and vertically and horizontally with the point X. Line AB is divided into parts with the use of Fibonacci percentages 0.382, 0.50, 0.618 and 0.786.

Variety: Fibonacci extension levels are added in 1.272, 1.618, 2.00, etc.

Variety: Line AB is divided at the eighth: 0.25, 0.375, 0.50, 0.625, 0.75, etc.

Line speed (Fibonacci form)

Line speeds are a kind of Fibonacci levels. Instead of horizontal lines, carried out through a divided line AB, the rays are from point X through the data points on the line AB. This is a special case where point B creates the right triangle with a line of XA.

Variety: Line AB is divided at the eighth: 0.25, 0.375, 0.50, 0.625, 0.75, etc.


Fan from Hanna

Hanna fan lines were the primary techniques for constructing, using well-known trader VD Gannom. Line AB is divided at the eighth (or third), and the rays are from point X through the points dividing the line AB. Similarly, the horizontal distance is subdivided into eighth (or third), and the rays are from point X through the horizontal point of division. A unique characteristic of fan lines Hanna is that the length of the line AB must be equal to the length of the line XB. This means that there is some correlation between the price (line AB) and time (line XB). Therefore, a unit price equal to a certain unit of time. Marking 1x4 means that the line moves at 1 unit price for the 4 units of time. This represents 25% of the height A-B. Line 1x2 runs through mid-line AB.


Square Hanna

Hanna Square built by a fan Hanna lines from each of the four corners of the square. The above example shows 3 primary fan from Hanna 2x1, 1x1, and 1x2, carried out from every corner.

Variety: are additional lines for the fan unit on the fourth.

Variety: arranged additional Squares Hanna, related to one another to form a grid of image bars.


Pyramid point

Pyramidal point is the automation of Square Hanna. The unit of time automatically receives a bid to build a box. 1x1 fan lines made from angle to angle for the formation of ascending and descending channels.

Variety: a tool based on the degrees of rotation around the "Square of Nine" Hanna. More or less than the squares can be selected by changing the degrees of rotation. Tool pyramidal point "is the author's development of the Don Hall and is described in detail in his book" pyramidal point.


Restoration of the Fibonacci

Restoration of the Fibonacci fan line brings Hanna conducted from point A and Fibonacci levels, built between the fan lines. The tool holds fan from 2x1, 1x1, and 1x2. Line 1x1 in the reconstruction of a mirror line of XA, as reflected in the point A.

Variety: turned a fan line from point B, which forms a right triangle with a line of XA.

Variety: a harp-line reconstruction of the middle line AB.

Variety: used levels Eighthly points: 0.25, 0.375, 0.50, 0.625, 0.75, etc.

Forex Magazine
based on www.ensignsoftware.com