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    cTrader Automated Drawing Tool


    Limited Support (Read Me)

    This indicator for the cTrader platform will automatically draw Fibonacci Retracement levels, support & resistance and trend lines based on a pre-selected area on the chart, this is very useful for new traders who are unfamiliar with using these trading tools.
    Type: cTrader Indicator + source code
    Current version: 1.0.1
    Requires: Windows 7, 10, 11
    Updated: 07 May 2022

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    The indicator will automatically draw any of the following technical chart tools below without the need for the trader to set the price levels, this is one of the most useful drawing indicators a trader will use when they start trading Forex and other symbols.

     

    Warning

    If this indicator causes your cTrader platform to crash or be removed, please report it here: mike@clickalgo.com

     

    cTrader Fibonacci Tool

     

    Fibonacci Retracement

    A Fibonacci retracement indicator is a charting tool that uses technical analysis to identify support or resistance levels with the use of percentage values.

     

    Support & Resistance Trend Lines

    A support and resistance trend line is a line between two points where there are potential buyers and sellers waiting, these points are automatically calculated and drawn by the indicator. A support trend line is created when the symbol price decreases and then rebounds at a pivot point that aligns with at least two previous support pivot points

     

    Support & Resistance Levels

    The support level refers to the price level that a symbol does not fall below for a period of time, it is created by buyers entering the market whenever the symbol dips to a lower price. It is also charted by drawing a line along with the lowest lows for the time period being used. 

     

    How to Use the Indicator

    When you add this indicator to a chart, nothing will be visible, first, you need to press the Ctrl key on the keyboard and then using the mouse right-click from left to right to highlight all the candles you need to use for the calculations.

     
    ctrader auto drawings
     

    How To Install & Remove

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.

     

    Join Telegram Community

    You can join a Telegram community and chat with other traders to discuss, share and ask for help.

    Indicator TypeCode Included, Charting Tool