Drawing Tools

1. Pointer: The Pointer tool allows you to click on specific points on the chart to view data values such as price or time at that particular location. It's a handy tool for precise analysis.

2. Fibonacci: The Fibonacci tool is used for drawing Fibonacci retracement levels on the chart. These levels help traders identify potential support and resistance areas based on Fibonacci ratios, aiding in trend analysis.

3. Lines: The Lines tool lets you draw various types of lines on the chart, such as trendlines, horizontal lines, or vertical lines. These lines assist in visualizing price trends and patterns.

4. Rectangle: The Rectangle tool allows you to draw rectangular shapes on the chart. Traders use this for highlighting specific price ranges or chart patterns like channels or rectangles.

5. Trade Position: The Trade Position tool helps you mark and manage your trades on the chart. You can use it to set entry, stop-loss, and take-profit levels, making it easier to track your positions.

6. Annotation: The Annotation tool lets you add text or comments to the chart. Traders often use this to make notes about significant events, strategies, or observations.

7. Erase: The Erase tool is used for removing any drawn objects or annotations from the chart that you no longer need. It's a cleanup tool to keep your chart organized.