What it draws
Draws a straight line through two points that extends infinitely in both directions, backwards and forwards in time. It is useful for testing whether a diagonal level defined by recent swings also lines up with much older price action.
How to draw it
- Pick Extended Line from the left toolbar (Lines group).
- Two points: click any two points on the line's path; the line extends past both. Drag either handle to re-angle it.
How traders use it
- Check whether a current trend line, extended backwards, also touched historical pivots — alignment with old highs/lows strengthens the level.
- Project long-term channel boundaries in both directions when the true origin of the trend is off-screen.
- Use it to find where a diagonal level intersected past congestion zones, hinting at where future reactions may occur.
- Pair with a second extended line to frame a full historical channel.
Settings reference
Double-click the drawing (or use its floating toolbar → gear) to open settings:
| Setting | Control | Possible values | Default | Effect |
|---|---|---|---|---|
| Extend | multi-select | Extend left line | Extend right line (dropdown summarizes as Don't extend / Extend left line / Extend right line / Extend both) | Don't extend | Extends the line past its anchor points to the left and/or right edge of the chart. |
| Show Price Label | checkbox | on/off | off | Shows a price label for the line on the price axis. |
| Show Date Label | checkbox | on/off | off | Shows a date label for the line on the time axis. |
| Stats | multi-select | Price range | Percent change | Change in pips | Bars range | Date/time range | Distance | Angle (dropdown shows "Hidden" or "N selected") | Hidden (none selected) | Chooses which measurements are displayed alongside the line — price change, percent change, pip change, bar count, elapsed date/time, diagonal distance and slope angle. |
| Stats position | select | Left | Center | Right | Center | Where along the line the stats block is anchored. |
| Middle point | checkbox | on/off | off | Marks the midpoint of the line. |
| Always show stats | checkbox | on/off | off | Keeps the stats block visible at all times instead of only while the line is selected/hovered. |
| Left End | select | None | Arrow | Circle | None | Cap drawn at the line’s left endpoint. |
| Right End | select | None | Arrow | Circle | None | Cap drawn at the line’s right endpoint. |
| Color | color | any color (theme color picker) | #05B878 | Main stroke color of the drawing — lines, outlines and (unless overridden) labels derive from it. |
| Line Width | select | 1px | 2px | 3px | 4px | 2px | Stroke thickness of the drawing’s lines and outlines. |
| Line Style | select | Solid | Dashed | Dotted | Solid | Dash pattern used for the drawing’s lines. |
| [Tab] Text — Text | checkbox + textarea | on/off, with a multiline text box for the label content | off (on when the drawing already carries text) | Enables an attached text label on the drawing; typing in the box auto-enables it and updates the label live. |
| [Tab] Text — Text Color | color | any color | same as the drawing’s line color | Color of the attached text label. |
| [Tab] Text — Font Size | select | 8, 10, 11, 12, 14, 16, 18, 20, 24, 28, 32, 36, 48, 64, 72 | 14 | Point size of the attached label text. |
| [Tab] Text — Bold | checkbox | on/off (B toggle button) | off | Renders the label in bold. |
| [Tab] Text — Italic | checkbox | on/off (I toggle button) | off | Renders the label in italics. |
| [Tab] Text — Word Wrap | checkbox | on/off | off | Wraps long label text onto multiple lines instead of one long line. |
| [Tab] Text — Text alignment (vertical) | select | Top | Middle | Bottom | Top | Vertical placement of the label relative to the drawing. |
| [Tab] Text — Text alignment (horizontal) | select | Left | Center | Right | Center | Horizontal placement of the label relative to the drawing. |
| [Tab] Coordinates | number + datetime | one row per anchor point: price (number, step 0.05) and local date/time | the drawing’s current anchor values | Edits anchor geometry numerically — changing a point’s price or time moves the drawing live on the chart. |
| [Tab] Visibility | checkbox + number range | interval buckets: Ticks; Seconds 1–59; Minutes 1–59; Hours 1–24; Days 1–366; Weeks 1–52; Months 1–12; Ranges (each bucket has an on/off checkbox, most also a from–to range) | visible on all intervals | Per-timeframe visibility rules — untick a bucket to hide the drawing on those chart resolutions, or narrow the from–to range within a bucket. |
Editing & managing
- Move / adjust: drag the drawing or any anchor handle; magnet mode snaps points to OHLC values.
- Clone / lock / hide / delete from the floating toolbar or right-click menu.
- Templates: save the current style from the settings dialog and reapply it to new drawings.
- Every action is undoable (⌘Z / Ctrl+Z).
Watch out for
- An infinitely extended line will inevitably intersect lots of price action by chance — count only clean, respected touches as evidence, not every crossing.