Rotated Rectangle

The Rotated Rectangle extends the standard rectangle by allowing the shape to be placed at any angle on the chart. The first two clicks define one edge — setting both the position and the rotation angle — and the third click sets the height (the opposite edge). This makes it ideal for marking zones that follow a trend line or a sloped channel boundary where a standard axis-aligned rectangle would not fit.

Use a rotated rectangle to frame ascending or descending channel segments, highlight wedge convergence at an angle, or mark a rising or falling consolidation that a standard axis-aligned rectangle would misrepresent. The rotation angle is stored as part of the shape and can be edited after placement by dragging the anchor points.

The angle readout display shows the rotation from the horizontal axis in degrees, which can be toggled on or off in the settings panel. The shape preserves its angle relative to the chart axes — if you scroll or zoom, the rotation stays locked to the original anchor points. This makes it reliable for long-term annotations that need to remain accurate across different views and timeframes.

1. 1
   Select the Rotated Rectangle tool

   Click the Rotated Rectangle icon in the shapes toolbar. The cursor changes to a crosshair.
2. 2
   Click to set P1

   Click at one end of the baseline where the rectangle edge should start. This is the first anchor point.
3. 3
   Click to set P2 and the angle

   Click at the other end of the baseline. The line between P1 and P2 defines the rotation angle and width of the rectangle. A preview line shows the angle as you move the cursor.
4. 4
   Move the cursor to set height

   Move the cursor perpendicular to the baseline direction. A preview rectangle shows the shape at the current rotation angle as you position the height.
5. 5
   Click to set P3 and complete

   Click to set the perpendicular height. The opposite edge is drawn parallel to the baseline, completing the rotated rectangle.
6. 6
   Fine-tune after placement

   Drag any anchor point to adjust angle, width, or height independently. Drag the body to move the entire shape.

• Sloped support and resistance — mark zones that follow a trend line rather than a horizontal level. In strong trends, price often respects angled boundaries that horizontal lines cannot capture. The rotated rectangle fills the zone between two parallel trend lines.
• Ascending and descending triangles — frame the converging sides of triangle patterns. Draw the rotated rectangle along the two converging trend lines to visualize the pattern's compression and convergence rate.
• Wedge patterns (rising and falling) — highlight rising and falling wedges by drawing the rotated rectangle along the two converging trend lines. The angle readout quantifies the convergence rate for comparison across different wedge patterns.
• Angled price channels — mark regression-like channels on a tilted price path without using a dedicated channel tool. Useful for channels that are too steep or shallow for standard channel tools to capture accurately.
• Pitchfork interaction zones — overlay a rotated rectangle on a pitchfork median line or tine to mark specific interaction areas where price might react, reverse, or accelerate.
• Elliott Wave channeling — draw the channel boundaries for an Elliott Wave impulse. The rotated rectangle follows the angled channel lines connecting waves 2 and 4, providing a visual envelope for wave 5.

The angle readout displays the rotation of the rectangle's baseline from the horizontal axis in degrees. A 0-degree angle means the rectangle is perfectly horizontal (identical to the standard Rectangle tool). Positive angles indicate counter-clockwise rotation (rising from left to right), while negative angles indicate clockwise rotation (falling from left to right).

The angle readout updates in real time as you drag the anchor points, making it easy to achieve a specific angle. For trend channel analysis, common angles include 15–30 degrees for moderate trends, 30–45 degrees for strong trends, and 45+ degrees for extremely steep trends that may be unsustainable.

While the Rotated Rectangle is more flexible, the standard Rectangle is often the better choice when: the zone you are marking is horizontal (support/resistance), you need precise price levels at the top and bottom edges, or you are working with chart patterns that are naturally aligned to the horizontal axis (such as rectangle patterns, flags, and horizontal channels).

• 1.Annotation tools guide — TradingView Help
• 2.Technical Analysis of Financial Markets — John J. Murphy
• 3.Encyclopedia of Chart Patterns — Thomas N. Bulkowski
• 4.Elliott Wave Principle — A.J. Frost and Robert Prechter