Introducing v1.0.1 BacktestX Chart. Learn More
Version: 1.0.1

Prediction & Measure

Guide to planning risk-to-reward setups, measuring distance intervals, and drawing regression lines.

Long Position

Description: Renders a risk/reward setup box. Sets target level (green) and stop loss level (red). Shows position metrics (risk/reward ratio, tick distance, percent move). Drag the middle point to reposition the setup or adjust borders to change targets.

Practical Uses

Planning and validating long (buy) trade entries, targets, and risk thresholds.

How to Draw / Use

Click on entry price, drag stop/target handles to adjust boundaries. Middle point moves the setup.

Short Position

Description: Renders a risk/reward setup box. Sets target level (green) and stop loss level (red). Shows position metrics (risk/reward ratio, tick distance, percent move). Drag the middle point to reposition the setup or adjust borders to change targets.

Practical Uses

Planning and validating short (sell) trade setups.

How to Draw / Use

Click on entry price, drag stop/target handles to adjust boundaries. Middle point moves the setup.

Measure Ruler

Description: Measures vertical price percentage delta and horizontal bar duration spacing.

Practical Uses

Quick calculations of wave heights and cycle times.

How to Draw / Use

Click point 1, drag to point 2, and click to measure the bounding range.

Price Range

Description: Measures vertical price variation between coordinates.

Practical Uses

Calculating breakout heights and target distances.

How to Draw / Use

Click start price, drag vertically to end price, and click to draw.

Date Range

Description: Measures horizontal bar and time distance between two candles.

Practical Uses

Measuring cycle times and breakout durations.

How to Draw / Use

Click start bar, drag horizontally to end bar, and click to lock.

Bar Pattern

Description: Copies and projects a pattern of price bars to another location.

Practical Uses

Comparing current price structures to historical setups.

How to Draw / Use

Click start bar, drag to end bar, click to copy, then click target location to project.

Forecast

Description: Draws a projected target price and date path.

Practical Uses

Illustrating expected market trends and durations.

How to Draw / Use

Click start point, drag to target price-time coordinate, and click to place.

Ghost Feed

Description: Renders simulated future candles on the chart canvas.

Practical Uses

Visualizing expected price path directions.

How to Draw / Use

Click starting candle, drag right, and click to project ghost bars.

Sine Line

Description: Plots a trigonometric sine wave overlying price action.

Practical Uses

Tracking cyclical market oscillations.

How to Draw / Use

Click origin point, drag to set amplitude and frequency, and click to lock.

Time Cycles

Description: Draws vertical lines spaced at constant cycle intervals.

Practical Uses

Finding recurring market cycles and timing pivots.

How to Draw / Use

Click point 1, drag to set base cycle length, and click. Equal divisions project infinitely.

Cyclic Lines

Description: A vertical grid tool projecting recurring cycle lines.

Practical Uses

Finding key timing intervals on the chart.

How to Draw / Use

Click origin, drag to set cycle width, and click to place.