Missing drawing tools
Hi. I know you're trying to keep a clean and rather simple platform with an emphasis on order flow trading, but I really think you're letting a lot of traders down, by not having more drawing tools available. Please consider adding the following:
Pitchforks with the possibility to add parallel lines and change the values of the lines (0-xxx percent).
A proper channel tool and/or action/reaction lines, which makes it possible to add a number of internal/external parallel lines at a given value (0-xxx percent). I find your current channel/trend tool pretty much useless. I need to be able to plot channels and/or add parallel lines by choosing three points on the chart. Just like it works on Tradingview and most other charting platforms. Please consider this at the very least.
Fibonacci Extension tool. I do not use fibonacci numbers, but the fib extention tool is the easiest way to plot measured moves aka. the 100% extension (AB=CD) with a horizontal line/ray.
These tools are used by so many different kind of traders and should be essential on any platform imho. I really hope, that you will add these in the nearest future.
Best regards.
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Perhaps having the line tool identify the mid-point of the line would allow us to draw pitchforks manually?
But yes, I agree:
- Pitchforks (andrews, schiff, mod schiff).
- Fib extension (three point fib) to allow projecting measured moves into the future and verifying that price has achieved.
- A risk-reward tool like SierraChart (I find it better than tradingview). At a minimum offer ability to calculate risk by currency, ticks, or percentage of account value and to show RvR for the target and the stop. Offer an OCO order system that will place the order exactly as shown (or that will create a one-click bracket order setup to match). Consider adding multi-target RvR tool.
- Ability to move the rectangles drawn on the chart.
- Ensure that all drawing tools do not interfere with order placement at the far right side of the chart.
Thank you!
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You're welcome, John. I really like that Tradovate supports multiple platforms and of course it's great if want to change their own platform also.
Oh yes... And the channel tool...
I think the channel tool provided is more like a linear regression tool in Sierra Chart or the regression trend tool in TradingView.
I agree with John that having a real parallel line tool using three points (even if it is a rectangle that we can pivot and extend in any direction) would be fantastic.
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Coming back to this.... I'd like to see if the 3-point fib could be created with a fib channel like TradingView.
That would eliminate the need for the rectangles because the fib can be moved already and extended off the screen to the right (allowing the extended rectangle to be moved). If the fib could support shading, it would be just like the rectangle in fact.
The 3-point fib also having a -1, 0, 1 setting turned on would create an action/reaction tool.
And since it can be placed at any angle, it would work for any situation...
https://getsatisfaction.com/tradingview/topics/action-reaction-tool
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