Drawing Tools

Full Tool List

The drawing toolbar provides quick access to every tool. Select one, click on the chart to place your first anchor point, and drag or click again to complete the drawing. Every tool can be moved, resized, or deleted after placement.

Lines

• Trendlines — draw a line between two points to visualize the slope of a trend. Enable "extend to infinity" to project the line forward and backward beyond your anchor points, which is useful for identifying where future price may encounter the trendline.
• Horizontal Lines — mark a specific price level that acts as support or resistance. The line extends across the entire chart at the price you choose.
• Vertical Lines — mark a specific date or time. Useful for flagging earnings dates, economic events, or the start of a significant move.
• Rays — a line that starts at one point and extends infinitely in one direction. Useful for drawing support or resistance from a specific origin without the line extending backward.
• Extended Lines — a line that extends infinitely in both directions through your two anchor points. Ideal for long-running trendlines where the origin matters less than the slope.

Fibonacci Suite

• Fibonacci Retracement — plot the standard retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) between a swing high and swing low. These levels indicate where price is most likely to find support or resistance during a pullback within a trend.
• Trend-Based Fibonacci Extension — a three-point tool that projects profit targets beyond the current range using Fibonacci ratios (100%, 127.2%, 161.8%, 261.8%). Anchor the swing start, swing end, and retracement point, and the tool projects where the next leg is likely to run.
• Fibonacci Fan — trendlines radiating from a pivot at Fibonacci-based angles. As price moves away from the pivot, the fan lines act as dynamic, sloped support and resistance.
• Fibonacci Time Zones — vertical lines spaced at Fibonacci intervals from a starting point, used to anticipate when a reversal or acceleration may occur rather than at what price.
• Fibonacci Channel — a sloped parallel channel with Fibonacci-spaced levels between the boundaries, combining channel analysis with retracement levels in a single tool.

Advanced Tools

• Andrews' Pitchfork — a three-point median-line tool. Anchor a pivot and the following swing high and low, and the pitchfork projects a median line with parallel tines that frame the trend's probable path.
• Gann Fan — a set of angled lines (including the 1x1 45-degree line) radiating from a significant pivot. Gann traders watch how price interacts with each angle to judge trend strength.
• Gann Box — a price/time grid that divides a range into Gann proportions, highlighting where price and time levels intersect.
• Anchored VWAP — drop a volume-weighted average price line starting from any bar you choose — an earnings gap, a swing low, a breakout candle — and see the average price paid by every participant since that event.

Pattern Tools

• XABCD Harmonic Pattern — a five-point tool for mapping harmonic patterns like the Gartley, Bat, Butterfly, and Crab. Place the X, A, B, C, and D points and the tool labels the legs and ratios for you.
• Elliott Wave — label impulse and corrective wave counts directly on the chart. Place each point of the sequence and the tool connects and numbers the waves.

Freehand Drawing

• Brush — sketch freehand directly on the chart, exactly like drawing with a pen. Perfect for circling zones, tracing rough paths, or marking up a chart during live analysis.
• Highlighter — semi-transparent freehand strokes for shading areas of interest without hiding the candles underneath.

Both freehand tools stay selected after each stroke, so you can sketch stroke after stroke without going back to the toolbar — pick the brush once and keep drawing until you switch tools.

Shapes and Annotations

These tools are grouped together in the Text & Annotations menu on the drawing toolbar.

• Parallel Channels — draw two parallel trendlines to define a price channel. Channels help you visualize the range within which price is oscillating and identify potential breakout or breakdown points.
• Rectangles — draw a box on the chart to highlight a consolidation zone, supply/demand area, or any range you want to keep an eye on.
• Ellipse — circle a region of interest, such as a rounded bottom, a volume climax, or a cluster of candles you want to call attention to.
• Date/Price Range Boxes — a specialized rectangle that displays the date range, price range, and percentage change within the box. Ideal for measuring the extent of a move or a consolidation period.
• Text Annotations — add text labels anywhere on the chart. Use them to note your reasoning, label patterns, or leave reminders for yourself.
• Callouts — a text bubble with a pointer anchored to a specific bar and price, so your note stays attached to the exact candle it refers to.
• Arrows — point at specific candles, patterns, or levels to highlight them in your analysis. Arrows can be customized with different colors and sizes.

Position and Measurement Tools

• Long Position Tracker — place a visual trade layout on the chart showing your entry price, target price, and stop-loss. The tool automatically calculates your risk/reward ratio and projected P&L based on the levels you set.
• Short Position Tracker — the inverse of the long tracker. Set your short entry, cover target, and stop-loss to visualize the trade and its risk/reward profile.
• Measure / Ruler Tool — click and drag between two points to see the exact price difference, percentage change, and number of bars between them. The measurement stays visible until you dismiss it.
• Zoom to Selection — drag a box over any region of the chart to zoom straight into it. The fastest way to inspect a specific pattern or candle cluster up close.

Live Previews and the Favorites Bar

Two workflow features make the expanded toolkit fast to use in practice.

Live Previews

Every drawing tool renders a real-time preview as you draw. Move your cursor after placing the first anchor and you see the finished drawing — the Fibonacci levels, the channel boundaries, the pitchfork tines, the harmonic ratio labels — update live before you commit the final point. No more placing a drawing, checking it, deleting it, and trying again.

Favorites Bar

Star any tool in the drawing toolbar to add it to your personal favorites bar — a compact quick-access strip that floats above the chart. The bar is fully draggable, so you can position it anywhere on screen that suits your layout, and right-clicking it hides it when you want a clean chart. Your favorites persist between sessions, so the tools you actually use are always one click away.

Magnet Mode

Precision matters when drawing on charts. Magnet mode snaps your cursor to candle data points (open, high, low, close) so your drawings anchor exactly where they should be — not a pixel off.

• Weak Magnet — snaps to the nearest candle data point only when your cursor is within a few pixels of it. This gives you flexibility to place drawings between candles when needed while still benefiting from snap assistance.
• Strong Magnet — always snaps to the nearest data point regardless of distance. This is ideal when you want every anchor to land precisely on a high, low, open, or close value.

Toggle magnet mode on or off from the drawing toolbar. When enabled, you will see a small indicator showing which data point your cursor is currently snapped to.

Customization

Every drawing tool in ChartingLens can be customized after placement. Double-click any drawing or right-click and select "Settings" to open the customization panel.

• Colors — choose from a full color picker or use preset colors. You can assign different colors to different types of analysis (e.g., blue for support, red for resistance, green for targets).
• Line Widths — adjust thickness from hairline (1px) to bold (5px) to make important levels stand out or keep reference lines subtle.
• Line Styles — switch between solid, dashed, and dotted lines. Dashed lines are commonly used for projected or tentative levels, while solid lines mark confirmed support/resistance.
• Text Labels on Lines — attach a text label directly to any trendline or horizontal line, so "weekly resistance" or "gap fill target" travels with the line instead of floating separately on the chart.

Undo, Redo, and Cloud Sync

ChartingLens supports full undo/redo for all drawing operations, so you never have to worry about making a mistake.

• Undo (Ctrl+Z) — removes the last drawing action. You can undo multiple times to step back through your recent changes.
• Redo (Ctrl+Y) — restores the last undone action. If you undo too far, redo brings your drawings back without having to redraw them.

All drawings are saved to your ChartingLens account automatically and sync between your devices in real time — draw a trendline on your desktop and it appears on your phone within a second, no refresh needed, and vice versa. Moving or deleting a drawing on one device updates the other live too. And it's careful about it: if you're mid-draw on one device, an incoming change waits until you put the tool down instead of interrupting you.

How Position Trackers Work

The long and short position tracker tools deserve a closer look because they are one of the most practical features for active traders. Here is how to use them effectively.

Position trackers remain on the chart until you delete them. You can place multiple trackers to plan different scenarios — for example, a conservative target and an aggressive target — and compare risk/reward visually.