You can use the WaveBasis drawing tools to annotate charts in a wide variety of ways. From trend lines and Gartley patterns to freehand drawings and text annotations, there are over 35 drawing tools to choose from.
The basic drawing tools are located in the left toolbar grouped together into logical collections. When you hover your mouse cursor over a drawing tool button, a popup “tool tip” will display the name of the collection.
Clicking the arrow next to a tool button will open a menu to allow you to select one of the tools. Once you’ve selected a tool from the menu, it becomes active and you can immediately start drawing on your chart. If the icon for the tool that you want to use is already displayed on the tool button, you can simply click the button to activate it.
- To change the properties of a drawing, right-click on it and choose Properties from the menu that appears.
- To move a drawing to another place on the chart, simply drag-and-drop it.
- To delete a drawing, right-click on it and choose Delete from the menu that appears.
- When you save a chart, any drawings that you’ve added to the chart will be saved with it.
- To cancel a drawing after you’ve started drawing on the chart, hit the ESCape key on your keyboard.
The tools at the bottom of the left toolbar affect all drawings on a given chart as follows…
From top to bottom:
Undo the most recent change to a chart. This applies to changes to indicator studies or drawings, including wave counts. To undo multiple previous changes, click the Undo button repeatedly, up to a total of 10 previous changes.
The opposite of Undo.
By default, a drawing tool will automatically deactivate when you have finished adding a drawing to a chart. Enable the Draw continuously tool for occasions when you want to add multiple trend lines, shapes, or text, etc without having to re-enable the drawing tool after adding each drawing.
NOTE: This is also quite useful when combined with the Select Count Range tool.
By default, drawings are added to a chart exactly where you click on the chart while a drawing tool is active. Enable Magnetize when you want a drawing to “stick” to the highs and lows of the price series in the chart. This is particularly useful when you are drawing point-based drawing tools such as trend lines or Fibonacci levels, where precision and synchronization with price might be important.
When enabled, a small dot will be displayed along the price series, indicating where the next point of the active drawing tool will be placed upon your next click.
NOTE: The Magnetize control does not have any effect on wave drawings.
Enabling Hide drawings will temporarily remove your drawings from the current chart, including any wave drawings or automatic wave counts. Click the button again to restore the drawings on the chart.
Clicking this button will remove all drawings from the current chart, including wave drawings or automatic wave counts. This operation can be reversed by clicking the Undo button.