Prospect, KY. USA
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617
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A quick way to measure price action.
Use the Price Retracement Tool.
Set one of the configs (TC1 etc)
Tools >> Tool Configs >> Price Retracement Config >> Levels >> 100, 50, 20, 0. Check show, choose colors, styles etc.
Chart >> Chart Settings >> Advanced Settings >> Adjust Tool Values to Tick Size
When using mouse to draw retrace have "Auto Snap On Creation" checked (right click shortcut)
Pull low to high or high to low (100% to 0%)
-William
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