How to Use Technical Analysis Tools on Trendo Trading Platform

Guide to Using Technical Analysis Tools on the Trendo Trading Platform

Technical analysis tools are key components in analyzing financial markets. The Trendo trading platform provides users with a complete set of these tools for more accurate analysis. This guide will help you understand how to use, manage, and edit these tools.

Available Tools on Trendo

On the Trendo platform, you can use various technical analysis tools, including:

  • Trendline: Used to identify and visualize the direction of a market trend.

  • Price Channel: Used to draw channels that show price movements within a specific range.

  • Fibonacci Retracement: Used to identify potential reversal levels by drawing retracement levels based on the Fibonacci sequence.

  • Horizontal & Vertical Lines: Used for marking key price levels and timeframes.

  • Geometric Shapes (Rectangle, Ellipse, Triangle): Used for highlighting specific price patterns or zones.

  • Harmonic Patterns and Other Drawing Tools: For advanced price pattern analysis.

  • Popular Indicators such as:

    • Moving Average

    • Relative Strength Index (RSI)

    • MACD

    • Bollinger Bands

    • Parabolic SAR

These tools are available in both the desktop and mobile versions of the platform.

How to Add a Tool to the Chart

To add technical analysis tools to your chart:

  1. Log into your Trendo account.

  2. Open the chart of the asset you want to analyze.

  3. From the chart's toolbar, select your desired tool (e.g., Trendline or Fibonacci).

  4. Click on the chart and draw the tool according to your analysis.

Editing and Managing Tools

After adding a tool, you can manage it as follows:

  • Move: Drag the drawn tool to a new position.

  • Edit: Click on the tool (or tap on mobile) and adjust settings such as color, line thickness, or line style.

  • Delete: Select the tool and click the “Delete” option to remove it from the chart.

Customizable Settings

For each drawn tool, you can customize the following settings:

  • Line or shape color

  • Line thickness and style

  • Trendline or channel angle and length

  • Price range of Fibonacci tools or geometric shapes

This feature allows you to adjust the appearance of your chart according to your analytical needs and personal preferences.

Important Notes

  • You can add multiple different drawing tools to a single chart.

  • To avoid cluttering the chart, it is recommended to keep only the necessary tools active.

  • All technical analysis features, including drawing tools, are also available in Trendo's demo accounts.

If you need further assistance, feel free to contact the Trendo support team.


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