Tirone Levels

It represents a channel made up of 3 horizontal lines equidistant from each other, automatically calculated starting from the prices included within the time interval defined by the channel itself. The median line represents the median value between the Highest High and the Lowest Low of the period, while the upper and lower lines are spaced from the median line by a third of the difference between the Highest High and the Lowest Low. To add the channel to the chart, simply click on the chart on the initial bar where you want to position it, hold down the mouse button and move to the final bar, and finally release the button. After adding the channel to the chart, you can move it by clicking on one of the control points to select it and then drag it to the new position while holding down the left mouse button.

Settings

• Appearance - Settings related to the drawing mode

  • Color - Color of the lines

  • Line Style - Lines drawing style

  • Line Thickness - Thickness of the lines

  • Channel Opacity - Opacity of the channel enclosed between the lines

• Control Points - Control points of the channel

  • X-Axis - Start Position - Initial position of the channel relative to the X-axis, expressed in bar number

  • X-Axis - End Position - Final position of the channel relative to the X-axis, expressed in bar number