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Direct MessagesDate/Time: Mon, 06 May 2024 01:02:19 +0000
Price Expansion (2 point)
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| [2020-06-15 15:21:34] |
| abrown8703 - Posts: 64 |
|
SC, trying to locate in your documentation the "math" used to construct the Price Expansion (2 point) tool. Could u post or direct me to this info? To your continued success! |
| [2020-06-16 00:03:54] |
| User90125 - Posts: 715 |
|
Chart Drawing Tools: Price Retracement (2 point) | Price Expansion (2 point) | Price Projection (3 point) Tools Using this tool involves drawing a line. To do this, left click on the chart with your Pointer to mark point A, move the Pointer and left click again to mark point B. The line A-B represents the length of price move.
The expansion/extension levels are calculated from these 2 points. If the line is down sloping, then the expansion lines will move downward starting from 0% at the bottommost point and the percentages will increase from this bottommost point. If the line is up sloping, then the retracement lines will move upwards starting from 0% at the topmost point and the percentages will increase from this topmost point. |
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