This indicator takes the approach laid out in the June 2007 Stocks and Commodities article titled "How Effective Are Rectangles?" by Markos Katsanos.
This indicator will draw the 'Predicted' and 'Traditional' Lines on your manually drawn Rectangle once you provide the Rectangle the custom Tag in the indicator.
How to use the indicator:
Draw your Rectangle on your chart manually.
Left click on your Rectangle > then right click and select 'Properties'.
Go to the 'Data' tab and change the 'Tag' to a custom name > select OK.
Right click in your chart > select Indicators > select 'New' > select the "AddPriceTargetToRectangles" indicator.
Set the 'TagToCheck' to the 'Tag' you set for your rectangle and set any of the other settings you wish to use > select OK.
|File Size||3.0 KB|
|# of Downloads||150|
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