Quadrant Lines

 
Quadrant Lines are a series of horizontal lines that divide the highest and lowest values (usually prices) into four equal sections.

Quadrant Lines are primarily intended to aid in the visual inspection of price movements. They help you see the highest, lowest, and average price during a specified period.

Quadrant Lines are calculated by finding the highest-high and the lowest-low during the time period being analyzed. The top line is drawn at the highest price during the time period and the bottom line is drawn at the lowest price during the time period. The remaining three lines are then drawn so they divide the section between the highest-high and the lowest-low into four equal sections. The center line (the "mean") is usually displayed as a dotted line.

A chart with quadrant lines is depicted in the following figure:

QuadrantLines.gif (6681 bytes)

Because this is an interactive drawing feature, the user normally create the quadrants by selecting the first extreme point and then dragging the mouse to the other extreme point. When the mouse is released, Chart FX FE will make all the necessary calculations and draw the lines. Please note. it is not necessary that the user clicks on a specific data point as the quadrant lines will be calculated according to the axis scale and the position the mouse was released.