|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:
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.