Advanced Charting Tools - Dart or Blip

Drawing a Dart\Blip Formation:
  1. Select the Dart\Blip Tool from the Toolbox.
  2. Left click your mouse on the left feather.
  3. Move mouse pointer to the tip of the dart and left click to place point.
  4. Move mouse pointer to the right feather and left click to place point.

Resizing the Dart\Blip Formation:
  1. Select the dart by clicking on it. 
    Note:  The formation is selected when boxes appear on the corners of the drawing.
  2. Click on one of the boxes to drag the select point and release the mouse button.

Moving the formation:

Select the dart by clicking on it and drag to the new location and release the mouse button.

Deleting the formation:

Select the dart by clicking on it and press the delete key on your keyboard.

Changing the Properties of a Dart\Blip Formation:

  1. Right-Click on the drawing to view the properties menu. (see below)
  2. Properties that can be changed are:
    1. Foreground: Changes the point and feather color of the dart\blip.
    2. Line Thickness: Changes the thickness of the Dart\Blip Line.
      Choose values from 1-6.
    3. Line Style: Changes The line style of the Dart\Blip line.  Choose from solid, dashed, dotted and more.
    4. Send to back: Changes the layer of the tool.  This option is used when more than one tool is in the same area of the chart. Click on Send to back when you need to access a tool under the Dart\Blip Drawing.

Dart\Blip (Up) Formations
A formation where a sudden dramatic price increase occurs, followed by an equally dramatic drop in price.  A Dart\Blip formation can appear anywhere in a chart.

To trade a dart formation place a sell order on the break down of the Right Feather along with a stop loss order just above the tip.  Trading on a Dart\Blip formation is very risky.

Dart (Down) Formations
A formation where a sudden dramatic price decrease occurs, followed by an equally dramatic increase in price. This formation can appear anywhere in a chart.

To trade a down Dart\Blip formation place a buy order on the break up of the Right Feather, then place your stop loss order right below the tip.  Very likely, Dart\Blip formations are the most difficult pattern to trade for profitability.