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Steve Eberbach
2012-07-23 06:37:47
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I noticed that dragging a trend line in Quantshare charts keeps it parallel to its original slope, but I did not see an icon on the drawing menu beside
the chart for creating another parallel line for dragging across the price channel to test whether another parallel line would connect pivots on the
other side of the channel. Now, I must draw a new one after dragging away the original.
Duplicating and dragging the duplicate is a quick way to do this visual test on a chart while guaranteeing the slopes are not different.
I would suggest even automating the procedure, as in: "auto parallel trendline channels" (actual drawing of channels, and/or test for "how close to parallel" within
a certain number of ticks, (or percentage distances) of the defining pivots the parallel lines pass through on opposite sides to be considered significant.
This could be a constraint extending the auto draw objects already present in Quant share, or an additional drawing icon for
creating a "free" nearby parallel duplicate.
It would be interesting to be able to evaluate how quantity of trading activity contained within the channel time span and boundaries affects significance.
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