Toolbar

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A toolbar at the top of the overlay window provides access to the most common options.

You can display the toolbar with text on each button


or without text. Omit the text if you want to save space (see the Options dialog). If you choose not to display the text, you can obtain a hint about what any button does simply by pointing at it.


If you notice that some toolbar buttons are disabled, do not worry. This is normal. Some operations (eg, Parallel or Erase) require that you have an existing object selected. If you haven't drawn anything yet, or if nothing is selected, some buttons will be disabled.

You can also Hide the Toolbar altogether (see the Options dialog). If you do hide the toolbar, all of its functions can be accessed through the right-click menu.

The seven buttons on the left (Trend ... Text) are drawing tool buttons:

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One of these buttons must be depressed before you can draw on the overlay.

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Unless you specify otherwise, pressing any of these buttons will bring up a dialog that lets you choose the properties of the object you wish to draw.

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Each of these dialogs actually has two forms, a long form that displays all options and a short form that saves space by displaying only the most common options.

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You can also choose whether a drawing tool button pops up after you use it or remains depressed, which allows you to keep drawing objects of the same type

Trend - Selects the Trendline drawing tool. This button also allows you to draw Speed Resistance Lines. You draw the Trendline by simply drawing a line on the underlaying chart that connects points of interest.

Parallel - Selects the Parallel Trendline drawing tool. This button also allows you to draw Action Reaction Lines. You draw these lines by simply clicking a point of interest on the underlying chart.

Retrace - Selects the Fibonacci Price Retracement drawing tool. This button also allows you to draw Fibonacci Arcs, Fibonacci Fans and Fibonacci Time Extensions. You draw these lines by simply drawing a line on the underlying chart that connects points of interest.

Extend - Selects the Fibonacci Price Extension drawing tool. If you wish, you can connect the extension to the original impulse move to form a three-wave drawing. One common way to draw an extension is to simply click on the point from which the extension begins.

Pitchfork - Selects the Andrews' Pitchfork drawing tool. This button also allows you to draw several complementary lines. You draw the Pitchfork by simply clicking three pivots on the underlying chart.

Time - Selects the Time Cycle drawing tool. You can draw either Fibonacci cycles or fixed cycles. You draw the cycles by drawing a line connecting a user-specified number of bars on the underlying chart.

Text - Selects the Text drawing tool. You can use this tool to add formatted text to the overlay.

Refresh - Clears the overlay and redraws all objects. In Static mode (eg, for Windows® NT, 95, 98, ME), updates the background.

Edit - Opens the dialog corresponding to the selected object so that you can modify its properties.

Erase - Erases the selected object. If you have started creating an object (eg, a Pitchfork or a free-standing Extension), the partial object will be erased. You can also use the Delete key to erase the selected object (or the object you are pointing at).

Er All - Erases everything you have drawn on the overlay. If you press this button by accident, you can recover the erased information by choosing Undo Erase from the menu.

Log - Toggles between Arithmetic and Logarithmic scaling.

Options - Opens the Options dialog.

Help - Opens this Help file.

About - Opens the About dialog that provides information about ChartOverlay, such as the version you are running.