RightEdge - The Ultimate Backtesting and Trading System Development Platform
This object plots a percent line or percent level retracement. These levels are created by drawing a trend line between two extreme points and then dividing the vertical distance by round percentage values of 25%, 50%, 75% and 100%.
To draw a Percent Line, select the object from the Chart Objects Pane and drop it on to an open chart.
There are appearance aspects of this object that can be changed in the Properties Pane.
Color Changes the color of the object.
Smoothing Mode Sets the drawing type of this object. Default draws a normal line. Anti-alias draws a smoother line at the expense of drawing performance.
Width This sets the size of the pen used to draw the outline of this object. A larger number indicates a thicker line.
Transparency The level of transparency given to this object. Valid numbers are 0-255, where 0 is invisible or completely transparent and 255 indicates no transparency.
Line Frequencies Manually set the five retracement levels.
Line Text Specifies how the text drawn at each retracement line is formatted.
Open End Indicates whether or not the end lines are open, or will continue until the end of the chart.
Open Start Indicates whether or not the start lines are open, or will continue until the beginning of the chart.
Text Alignment The alignment of the text relative to the line.
Text Font The font used to draw the line text.