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Charting and Studies User Guide - CQG.com

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Page 198<br />

Trend Channel (TrCh)<br />

What it does:<br />

Plots two parallel lines <strong>and</strong> an optional third line related to the initial lines.<br />

Besides showing the open, high, low, close <strong>and</strong> last for the designated bar, either the rightmost<br />

bar on the chart or the bar represented by the vertical cursor, the cursor value box shows<br />

the corresponding trendline value for that bar.<br />

How to use it:<br />

Pointer Tools<br />

1. Select the Trend Channel tool.<br />

2. Click at the point on the chart where you want one line of the trend to begin.<br />

3. Click at a second point to establish the angle of the first channel line.<br />

4. Drag the cursor to a third point on the chart.<br />

5. Click at that point place the second line <strong>and</strong> establish the channel.<br />

To draw a perpendicular line, press CTRL before you begin.<br />

To draw a parallel line, press SHIFT.<br />

Add a trend line to another pointer tool

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