Click here to Login





                                                   drawing trend lines

Back to threads
  0

0
Juliettpapa
2011-04-11 12:42:21


As you can see

http://www.screencast.com/users/Juliettpapa/folders/Jing/media/2632d05c-0b27-4105-8d2b-89700164eced

is the second point that defines the trend line, the second non filled square, far away from the trend line.
And the trend line itself does not touch the Low of the candle (the hammer).

The first square points directly to the low of the big red candle.

So what I want to know: Are you sure, the trend line is correctly drawn (in log mode)?

Regards
Joerg


Juliettpapa
2011-04-11 12:45:17

  0


QuantShare
2011-04-11 13:38:31

  0

Best Answer
It is not correctly drawn. It should touch the second point.
The problem occurs when the line is extended.

Sorry for that. We will fix it.


No more messages
0




Reply:

No html code. URLs turn into links automatically.

Type in the trading objects you want to include: - Add Objects
To add a trading object in your message, type in the object name, select it and then click on "Add Objects"





QuantShare

Trading Items
Channel Drawing Tool
Reward/Risk Drawing Tool
Price Pattern Drawing Tool
ATR - Average True Range Drawing Tool
Interconnections Drawing Item
How-to Lessons
How to plot support and resistance lines automatically
How to copy and paste drawing tools
How to use the Fibonacci retracement drawing tool
How to use a custom drawing tool
How to create a custom trendline

Related Forum Threads
Parallel Trend lines
Problem drawing trend line using version 2.91
trend line stick to high and low
Arrow has the same properties as a trend line
point interconect drawing tool
Blog Posts
Watch your support and resistance lines
How to Scan for Parallel Resistance and Support Lines
How To Create and Backtest an S&P 500 Trend Following System
How to Reference Drawing Studies in QS Formulas
Real Time Alerts: Support and Resistance Lines Breakout









QuantShare
Product
 QuantShare
Features
Create an account
Affiliate Program 		Support
Contact Us
Trading Forum
How-to Lessons
Manual 		Company
About Us
Privacy
Terms of Use
Copyright © 2024 QuantShare.com
 Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+ Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.