DislikedHello again This is still interesting. Think i will go back and go over some of your thoughts, maybe tomorrow or next week. I will let you know if i think of something fun. Cheers anway!Ignored
Good wealth to you.
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DislikedHello again This is still interesting. Think i will go back and go over some of your thoughts, maybe tomorrow or next week. I will let you know if i think of something fun. Cheers anway!Ignored
Disliked{quote} Hey, yaed! Thanks for visiting. It's been so long that I've been involved in ff, it's embarrassing. Good wealth to you.Ignored
Dislikedp1 new: (own lang, will produce sensibly) floaters such as rh,p.m.,and u, where u equals gc line (with circle u&d it; T) times ( (d(a)g-sa) divided by (S) body pattern (ex.: 1.a skewed, negative gut feeling about it 2.eclipsed with an overriding push away 3.a high counterbalance 4.projection of climbing upward 5.Confused version of hautiness/ridicule went with it) Beware toxic people, who get emotional support from attacking others' emotional stability when very close to them. They get a thrill, emotional support, and you get damaged, upset. Soon,...Ignored
Disliked{quote} Ah, it is well to hear from you strange and wonderfull person. I was thinking on getting in touch with you again. I had a faint recollection of going to your journal and saying something, now that i see your username. And oh yes the reason. That i so wanted. Is: I have this idea that i think you could find interesting. http://www.forexfactory.com/showthre...71#post7692871 Post #41.Ignored
Disliked{quote} Your indicator does clean the chart for some interesting chart pattern reading, yes -- {image} Did the chart reverse after this? Just guessing. Or maybe part of an overall bigger pattern. ---------- Thanks for visiting, Zachary. I want to find my path through getting at least a new way to look at the chart, is my direction. I don't visit often; I like patterns, though, and will do something there at your suggestion.Ignored
Disliked{quote} {image} hi ha-pattern, thanks for your incredible work here with outstanding ideas. Since long time I have tried to find an indicator or a script to show loagrithmic charts in mt4 because TL's are so much easier to use and much more accurate then in linear charts. However it seems to me that you may have solved this problem ( with an indi or script ?? ) shown in your pic above form this thread. I would be very appreciated if you could give me a short info regarding this . Thanks for your time . Greeds ZackIgnored
Quoting rudenstein
Why does the TL necessarily have to be shown in Log scale? In fact, the argument can be made that most charting programs display charts in linear form by default. And, the market did bounce off of "linear" support, so it does count.
Allow me to explain why Pros prefer log charts for long term (weekly/monthly) time frames. It is invaluable when determining a trend line over many years to remove the natural curve distortion. And is critical when using Fibonacci values in long time frames, otherwise the values are incredibly distorted using basic linear charting. Let me send you to charting 101:
Quote
Log Charts vs. Linear Charts
Why does The Motley Fool prefer log charts over linear charts? Spend any time looking at charts of stock price movements at Fool.com and you'll be looking at logarithmic charts.
...Why is one kind of chart better than another? Well, imagine a company with a stock price increasing by 15% each year for 20 years. Think about how you'd normally draw a chart of its stock price. You'd probably use a linear chart, as that's what most of us learned to do in school. The graph would show a really curved line, though. It would look like the stock price grew slowly in the first years, and then zoomed up a lot in the last few years.
That's because in the first few years, the change in the stock's price might have been from $10 to $11.50, and later from $25 to $28.75, and later still from $75 to $86.25. So the absolute changes will look small at the beginning, and will look large later on. But it's really just been a steady 15% increase from year to year. (Remember, an investor should be just as happy with a total 50% return from $20 to $30 as from $100 to $150. Investment-wise, percentage-wise, it's the same thing.)
This is why a logarithmic chart is preferable in this situation. If a company is growing at a steady clip, you'll see a fairly straight, upward-sloping line on the graph, not a sharply curving line. If the company's growth is slowing, you'll see the upward slope taper off a bit. If the company keeps growing faster and faster, then you'll see an upward-sloping sharp curve. But this time the dramatic curve will represent dramatic growth.
http://www.fool.com/foolfaq/foolfaqcharts.htm
The example below shows Google shares represented by a log-scale chart. Looking at the Y-axis you can see the values seem to compress as they rise from 0 to 450. The trendline has been clearly drawn and has been broken at the start of the year. This indicates the stock is decelerating because the rate of percentage changes is falling.
http://globalgrowthinvestor.com/wp-c.../googtrend.GIF
The chart below is a normal or arithmetic-scale chart. Note the Y-axis values are equal distance apart. You can also see how the trendline appears much differently from the chart above. It is often necessary to keep re-drawing trendlines (as I have done) on artithmetic charts, which can make the bigger picture difficult to analyse.
http://globalgrowthinvestor.com/wp-c...8/goognorm.GIF
source: http://globalgrowthinvestor.com/124/...-scale-charts/
Quoting rudenstein
And, the market did bounce off of "linear" support, so it does count.
If it bounced off, why is this Bloomberg Professional linear chart showing a different result? - it has not touched yet
Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1365552312
Disliked@ha-pattern: I hope you are still interested in the Coding of Changing the Period-Converter from worthless Linear-Charts of MT4 to this huge improvement in having Logarithmic-Charts where the Trendlines are really applicable.Trust me it's worth the effort. I would to do it for my own if I could programm. Thanks for your attention. Greeds ZackIgnored
DislikedStill practicing. Method: level one -- A point ("position"), line segment ("vector"), curve (?) level two -- a filled shape -- you know, that plane thing, and made of level-one shapes level three -- fractal -- It's supposed to be the same shape repeated on different sizes/scales I used it in a first time and was able to capture -- No, aargh to my trading -- the waves in the charts, at least in a carefully-interpreted set of notations. It may not be much, but I found it interesting enough that I thought somebody may be able to get something from...Ignored