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Direct MessagesDate/Time: Thu, 16 May 2024 12:37:09 +0000
Line chart that shows correct lows/highs
View Count: 1016
| [2019-08-13 12:46:58] |
| AKR - Posts: 523 |
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What is the best way to create a chart, that has no bars, but a line, but still shows the correct swing highs/lows. Right now I tried eg "range per bar (ticks)", renko, volume per bar, and all with "line at close". So of course the lines do not show always the real lows/highs of swings (as based on close). any suggestions? |
| [2019-08-13 13:01:40] |
| Ackin - Posts: 1865 |
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any suggestions?
ZigZag? |
| [2019-08-13 13:06:23] |
| AKR - Posts: 523 |
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you mean the study? No that does not help, with "line at close" there is no correct low/high in the chart itself. so the zigzag would draw lines in between those wrong highs/lows. it is not about marking them. it is about having them in the chart at all. |
| [2019-08-13 13:21:43] |
| AKR - Posts: 523 |
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guess only way is to use a HighLow bar instead of the line.
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| [2019-08-13 13:41:54] |
| Ackin - Posts: 1865 |
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It isn't possible without delay. I have more than 40 kinds of charts, each has some advantages / disadvantages ... otherwise it would be holy grail know for example the ultimate High High.That's why I wrote that ZigZag. I personally like the Reversal Chart for long-term SR levels. For your needs, it might be a good idea to recode to H / L rendering, where there would be one Bar delay, and H / L would be determined by the current bar direction.
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