Investor/RT Tour - Reference Line (Horizontal)

MASTER INDEX
SEARCH
CHARTS
MAIN TOOLBAR
SETTING PREFERENCES
TECHNICAL INDICATORS
WHAT'S NEW
ALARMS
BACKTESTING
CONFIRMING TRADES
CUSTOM COLUMNS
CUSTOM INDICATORS
CUSTOM INSTRUMENTS
CUSTOM PRICES
DATA FEEDS
DATABASE
DOWNLOADING DATA
FEED STATUS
HEARTBEAT
HELP
MULTI-LINKING
MULTI-PERIODICITY
INSTRUMENT SETUP
NASDAQ LEVEL II
NEWS TICKER
NEWS BROWSER
OPTIMIZATION
OPTIONS ANALYTICS
PLACING TRADES
PORTFOLIOS
PRESETS
PRINTING
QUICK QUOTES
QUOTE PAGES
REALIZATION
RTL LANGUAGE
SCANS
SCHEDULES
SCOPE
SYSTEM STATUS
TICKER TAPE
TIME AND SALES
TRADING NOTES
USER VARIABLES
VERTICAL SCALE
MASTER INDEX
DICTIONARY
FEEDBACK

Investor/RT Tour ( more on Technical Indicators )
Reference Line (Horizontal)

The Formula . . .	. . .more on Formulas
N/A

The Presentation . . .	. . . more on Charts
Above is a 5 Minute Bar Chart of the Dow Jones Industrials Index (INDU). The horizontal reference lines have been placed in the chart. The green one is based on the preferences specified below. Each reference line is labeled with it's corresponding price.

The Preferences . . .	. . . more on Preferences

Title - If you would like to specify text to label the line, put it here. Draw Text - If you would like a text label to appear on your reference line, showing the price of the line. On Right - Draw the text on the right side of the reference line. By default, text is drawn on the left. Specific Price - Specify an value at which you would like the line drawn. Use . . . on - You can specify a price at a certain date at which to draw the line. Use Current - You can have the line drawn at a current data value. Use - Additional options for levels at which to draw the reference line. BarLines - More on BarLines. When dragging, round to - Specify how to round the price, when dragging. Line Color - Color of the line in the chart. Compact - Draws a compact line going from the current bar to the vertical scale on the right. Action - The name of the signal action to execute if price touches or break thru the reference line in a chart

The Description . . .
The Reference Line indicator draws a horizontal line on the displayed chart according to the preferences of the user. The line can be drawn according to a trading value on a particular day, an alarm value, or an arbitrary value of the user's choosing. This tool may be used repeatedly to overlay several reference lines on a given chart. Using the mouse you may drag a reference line to adjust its reference value . The value is based upon where the tip of the mouse is positioned when you "drop" the reference line. Dragging a reference into a different pane moves the reference line to the new pane while retaining the same reference value.
Keyboard Adjustment . . .
Reference lines can be adjusted directly from the keyboard without opening the preferences window. First, select the reference line, then hit the up or down arrows to move the indicator up or down. The amount that the line will move up or down is based on the display setting in the indicator preferences labelled "When dragging round to:". If this is set to "99", then the reference line will round to whole numbers and the up and down arrows will adjust the line by $1 at a time. If this is set to "99.9", then the arrows will adjust the line by $0.10 at a time. If this is set to "99.99", then the arrows will adjust by $0.01 at a time. To force the line to move by $1 increments regardless of display setting, hold down the shift key while hitting the up and down arrows. To force the line to move by $0.10 increments regardless of display settings, hold down the Ctrl key while hitting the up and down arrow keys. For more information on technical indicator adjustment, click here.
RTL Token . . . ( more )
NA

Q & A . . .
How do I add a line to an intraday chart which displays the previous daily closing price (or previous daily high, previous daily low, etc.)? Answer

User Strategies . . .

	03/26/02
If you have a strategy involving this indicator that you'd like to share, please email support@linnsoft.com