Long / Short position tool and extension past the last bar
The Long and Short tools draw a planned trade with entry, stop and target, compute its reward-to-risk ratio and replay it against the bars that follow (PENDING, ACTIVE, STOPPED, TARGET HIT). The right edge can be dragged past the last printed bar on an extrapolated time grid.
Senzoukria · Documentation · Updated September 2026
Where to find it
- Where
- Drawing toolbar → Long or Short, then one click on the chart
- Default stop
- 80 ticks from entry, or 0.05 % of price if larger
- Default target
- 2 × the stop distance (R:R 2.00 : 1)
- Default length
- 20 bars after the entry bar
- Future projection
- At most 500 bars past the last printed bar
What it does
A position drawing is a planning object, not an order. Placing a Long at a price creates an entry line at that price, a stop below it and a target above it; a Short mirrors the layout. The distance to the stop is the larger of 80 ticks and 0.05 % of the price, and the target is twice that distance, giving a 2.00 : 1 ratio out of the box. The drawing then extends 20 bars to the right of the entry bar.
Once placed, the drawing is evaluated bar by bar. Starting at the first bar at or after the entry time, the tool determines from which side price approaches the entry (from below, from above or at), waits for a touch, and then checks each subsequent bar's high and low against the stop and the target. The first level touched freezes the outcome: STOPPED or TARGET HIT, drawn at the bar where it happened. Until then the phase reads PENDING (dashed lines, no fill) or ACTIVE.
Settings
| Setting | Default | What it changes |
|---|---|---|
| Entry | Clicked price | Entry price; step 0.25 in the numeric field |
| Stop | Entry − 80 ticks (Long) / Entry + 80 ticks (Short) | Stop price; a stop on the wrong side of the entry is clamped back to the entry |
| Target | Entry + 2 × stop distance (Long) / Entry − 2 × stop distance (Short) | Target price; a target on the wrong side is clamped back to the entry |
| Fill | 1 | Opacity of the risk and reward zones, 0 to 1.5 |
| R:R | 2.00 : 1 | Read-only reward-to-risk ratio; shows ∞ : 1 when the stop equals the entry |
| Right edge (drag) | Entry + 20 bars | End of the evaluation window; bars at or after this time are ignored |
How to use it
- Arm Long or Short and click where the entry belongs. The click time is snapped to the bar grid, so an entry placed on a candle's wick is evaluated on that candle rather than the next one.
- Drag the entry, stop and target handles, or type the prices in the properties panel. The R:R badge and the on-chart R:R label update immediately.
- Drag the right edge to lengthen or shorten the window. Beyond the last printed bar, the time axis is extrapolated at the timeframe's period: the projection snaps to whole bars and stops 500 bars past the last one.
- Read the phase label on the drawing: PENDING (no touch yet), ACTIVE (entry touched), STOPPED or TARGET HIT with the resolved price. The same tool works in Replay.
Limits and pitfalls
- This is a drawing. It never sends, modifies or cancels an order with any broker, and it does not follow a real position. Broker and simulated position lines are separate, ephemeral lines that are not part of the drawing tools.
- Evaluation uses bar highs and lows, not the tape: a touch inside a bar counts as filled at the level, and if both stop and target are inside the same bar the stop is checked first.
- The projected area past the last bar is drawn at the timeframe's bar spacing; a session break or holiday shifts it once real bars arrive.
- Trade drawings have no style presets and no Advanced settings; their colours come from the chart palette.
Related pages
- Drawing toolbar, undo and redo
- Drawing properties panel and presets
- Risk / reward levels indicator
- ATR stop (long) indicator
- How to test a trading strategy
This page in other languages
Frequently asked questions
- Why does my position stay PENDING although price touched the entry?
- The evaluation starts at the first bar at or after the entry time and only considers bars before the right edge. If the touch happened before the entry bar, or after the drawing's end, it is not counted. Move the entry or drag the right edge further.
- Can I drag the drawing into the future where there are no bars?
- Yes. The right edge snaps to an extrapolated grid at the current timeframe's period, up to 500 bars past the last printed bar. Prices are unchanged; only the time axis is extrapolated.
- Is the R:R computed from the stop and target prices?
- Yes: reward is the distance from entry to target, risk the distance from entry to stop, and R:R is their ratio. Changing any of the three prices updates it.