New release of cTrader mobile app offers multiple charting improvements
Fintech company Spotware Systems announces the new cTrader Mobile 4.6 release, providing traders with shared account access functionality, along with multiple valuable improvements of charting: drawing style via taps, seven new drawings, magnet mode, and chart-related menu settings improvement.
- Shared Account Access
Users of the cTrader mobile app can now share, revoke and reject access to trading accounts, granting portfolio managers the chance to trade on your behalf. Addition and withdrawal of funds, as well as Copy trading are not permitted. The feature is available exclusively via the cTrader Crossbroker Apps.
- New Drawings in Charting
Spotware has come up with a whole new selection of drawings on Mobile, bringing the Mobile experience above-and-beyond capability, providing traders with a new level of technical analysis on-the-go.
- Fibonacci Arc drawing
The arcs mark potential support or reversal zones to watch as prices pull back after the advance. After a decline, Fibonacci Arcs are used to anticipate resistance or reversal zones for the counter-trend bounce.
- Ellipse drawing
An Oval shape drawing. Select Ellipse from charting and see the drawing appear immediately on your chart. You are then free to modify the oval, just like any other drawing: enlarge, stretch, move, change colour, opacity, line width and type etc.
- Text drawing
You can now add text to your drawings in order to make more sense of your technical analysis, helping you get organized and see a clear picture.
- Fibonacci Expansion drawing
Fibonacci Expansion is a charting technique used to plot possible levels of support and resistance by tracking not only the primary trend but also the retracement. The tool is very similar to the Fibonacci Retracement, but it is also intended to determine the end of the third wave.
- Fibonacci Timezones drawing
Fibonacci Time Zones are a series of vertical lines, used to break down a certain time period into smaller ones whose lengths are consecutive Fibonacci numbers. Unlike other charting techniques, Time Zones focus on the timing, rather than the price component of price movements.
- Fibonacci Fan drawings
A Fibonacci Fan is a charting tool that is used to estimate support and resistance levels by drawing the trend lines based on the Fibonacci Retracement levels.
- Andrew’s Pitchfork
Andrew’s Pitchfork is a technical tool that helps identify possible support and resistance levels as well as potential breakout and breakdown levels with three or more parallel trend lines that look like a pitchfork. Andrews Pitchfork is convenient in defining support and resistance. cTrader offers three Pitchfork variations : Andrew’s, Schiff & Modified Schiff.
- Manual Drawing Mode in Charting
One of the top user-requested features has been to be able to add drawings point by point. Now they can. Just tap on the screen to place points, and they will join into one of our available geometric shapes. The shape appears on the chart immediately, and you can then modify and move it as you please.
- Charting Magnet Mode
You can now use Charting Magnet Mode to increase convenience and drawing precision during technical analysis. Drawing points will by themselves snap to the charting line . You can choose a weak or a strong magnet, depending on preference.
- Chart Settings Improved View
Spotware has improved the chart settings UI, going from a simple list to large user-friendly icons.
- cTrader Copy: Equity Chart in Strategy & Investment
The strategy & investment screen now has two charts – the ROI and the newly-added Equity. The Equity Chart shows the amount of own funds the provider has invested into the strategy, drawdowns, as well as his deposits & withdrawals, enabling you to use this chart to evaluate potential copy trading risks of the strategy in question.
The version also comprises a series of bug fixes and performance improvements.