VR Draw Indicator
VR Draw is excellent drawing tool for traders that allows them to interact with the charts more.
The VR draw is not a trading tool that gives signals by itself. Instead, it enhances your trading experience by enabling you to draw on the charts. You don’t have to rely on screenshots and other third-party tools to mark or make drawings on charts. It allows you to draw on the chart. Whether it is for your trading reason or you are teaching someone, it will approve quite helpful.
How to Use the Indicator
Now, the indicator does not give trading signals by itself. Instead, it allows you to draw anything that will enable you to detect trading signals. For instance, you can draw custom resistance and support lines.
In addition, get to choose the different color schemes. For instance, you can opt to use blue to draw curves and red to draw circles. It is an excellent tool to mark the various areas of interest and help visualize your trading idea.
The indicator also allows you to increase or decrease the width. For instance, If you want some tools to appear prominent, you can increase the width. Moreover, you can do away with any drawing using an eraser.
VR Draw Trading Example
The chart shows the price action of the US dollar against the Canadian dollar in a 15 minutes time frame. We have used the VR draw software to draw a swing long. There is a myriad of designs and colors you can draw well using this excellent tool.
Conclusion
Seasoned traders always experience challenges when they want to mark certain areas on the chart. But that has been made easy with the VR draw software. The VR draw is useful for enhancing the trading experience and interaction with charts. You can always use the eraser to get rid of the drawing after the training sessions.
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