How to use the Ruler tool

The ruler tool in TradeLocker is a versatile feature that helps PROP365 traders measure distances, angles, and other key dimensions directly on the chart. This tool is essential for technical analysis, enabling you to make precise calculations regarding price changes, time intervals, and trend angles.

Usage

• Locate the Ruler Tool
  On the left side of your chart in TradeLocker, find the ruler tool icon, which looks like a small ruler.

• Measure Price Distance

  • Position your cursor at the starting point on the chart where you want to begin measuring.
  • Left-click and drag the cursor to the desired endpoint. As you drag the cursor, a line (or ruler) will appear, showing the price change between the two points.

• Measure Time Intervals
  Similarly, you can measure time intervals by dragging the ruler along the x-axis, which allows you to calculate the duration between specific market events.

• Measure Angles
  The ruler tool can also be used to measure the angle between two points, which is particularly useful for traders following trendline-based strategies.

Removing the ruler

To remove the ruler from the chart, simply click anywhere on the chart, and it will disappear.

By utilizing the ruler tool on TradeLocker through your PROP365 account, you can make more informed and precise trading decisions, optimizing your technical analysis and strategies.