How to add drawing tools & technical indicators to the eToro chart?
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The eToro platform provides various charting indicators and tools that traders can use to make informed decisions and trade successfully.
These are grouped into Tools (drawing tools) and Studies (Technical analysis indicators). More specifically, eToro offers a total of 13 drawing tools and more than 60 technical analysis indicators.
1To add these tools to the eToro chart, click on the pencil icon in the upper-right corner.
2Select one or more tools in the tabs of Tools, Studies I, and Studies II.
Below is an illustration of a chart using the Moving Average and the drawing tool of Channel.
Note: To remove any indicator, move the mouse pointer to the indicator and then right-click on it.
You now have charting tools inside the eToro chart. There is also a handy comparison tool that you can use to compare two or more assets.
After adding charting tools, they are automatically saved in the chart, so you don’t have to waste your time setting up your indicators time and again.
To determine which tools are suitable for you, experiment with these charting tools and test their efficiency by opening the virtual account with eToro.