Note: Do no use excessive tool drawings on charts. Transparent, lines thicker than 2, and dotted/dashed draw styles may slow down charts. Read more in the Performance guide


Put Frequently Used Tools in the Control Bar

Save clicks and reduce time spend clicking around. View tutorial on Control Bar HERE

Create a Saved Configuration for a Tool

The settings and visuals of a tool can be saved as a configuration. For example, instead of always using the default styling of a tool, there is a saved configuration with preset settings and anchors. These can also be saved to the Control Bar. More on that HERE.

Get started:

  • Open a chart window
  • Title Bar: Tools > Select any tool (Example: Extending Rectangle)
  • Right click the tool drawing the was just applied
  • Click Chart Drawing Properties
  • Configure the tool as needed. Colors, anchors, and options
  • In the Options tab, choose a Config Num from the dropdown menu
  • Give the Config a Name “Zone”
  • OK
  • Title Bar: Global Settings > Customize Control Bars > Control Bar 1
  • From the available commands find Tools - Custom Drawing Tool, expand
  • Find the correct CDT that was previously saved
  • Press Add →
  • OK

There should be a button on the control bar for the newly created drawing tool configuration.

Chart Drawing Alerts

Chart drawings on graphs can use alerts. These alerts can be a sound, email, SMS, or alert log.

Any of these chart drawings work with Alerts:

  • Horizontal Line
  • Horizontal Ray
  • Line
  • Extended Line
  • Rectangle
  • Extending Rectangle

Tip: Consider adding Chart Drawing Alerts as a button on the Control Bar

  • Open a chart
  • Title Bar: Global Settings > Tool Configs > (Choose a chart drawing. Example: Horizontal Line)
  • Move the line (or other tool) to desired location to set alert
  • Right click the Line and press Alerts
  • Adjust Chart Drawing Alerts as needed
  • OK

Edit The Options and Visuals of a Tool

  • Right click any tool that has been drawn on a chart
  • Click Chart Drawing Properties
  • Configure the tool as needed. Colors, anchors, and options
  • OK

Display Drawn Tools Across Other Charts or Chartbooks

  • Title Bar: Chart > Chart Settings > Chart Drawings tab > Copy Chart Drawings From Chart #s
  • Type the name of the Chartbook and chart number separated by a colan
    • Example: Chartbook2:2
    • That means Chartbook 2 chart number 2

Description of Common Tools

  • Extending Rectangle: This extends the entire section of the chart, great for zones

Risk Reward Tool

  • Open chart
  • Title Bar: Tools > More Tools > Reward / Risk
  • 1st click: stop loss risk location
  • 2nd click: entry or average price of position
  • 3rd click: target

The stats will populate after those data points are established. Distances in ticks and risk reward ratio.


Tip: It is possible to save a configuration for this tool. Apply the tool to any chart as described above. Right click the drawn tool, and click Chart Drawing Properties. Choose a configuration number (TC1) then give the configuration a name then click Save. OK.


Percent Change Tool - Plus Other Metrics

An easy way to measure the percent change of a price graph is using the calculator

  • Tools > Chart Calculator
  • Click two different locations on the map to see the calculation
Tip: Add this to the control bar, hotkey, or shortcut menu

Tool Visibility and Clearing

Consider buttons in the control bar for:

  • Hide study
  • Unhide study
  • Erase last drawing

View tutorial on Control Bar HERE

Alternatively, all drawings can be cleared by:

  • Title Bar: Tools > Erase All Non - Text Drawings

◀️Previous Module: 📓Control Bar Customization

▶️Next Module: 📓Hotkeys

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📊Sierra Chart Master Handbook - Unofficial

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