|robots4me ||Apr 22, 2019 6:06pm | Post# 39 |
...and just to reinforce the concept, I marked on your pic some lines that shouldn't be alive anymore.
@4fxonly -- and why shouldn't they still be alive? Those purple lines are still higher than any prices that follow the TOPS where they originated.
I was asking for in my first post (and that would be the real way suggested by George) is that we should see only the lines that are extended to the extreme right, while the ones that have been taken out (like most in the left part of the chart) should not be visible as not relevant for our trading anymore and they just clutter the chart.
@4fxonly -- correct -- George probably wouldn't be interested in the TOPS and BOTTOMS that were already taken out. However, since it is easy to see which lines are still alive (by glancing to the right-hand-side of the chart) and since the chart already shows hundreds of historical bars and it really, really is valuable to learn from previous price action (in a visual way) to pick-up new clues, then showing where previous TOPS and BOTTOMS began and ended helps to get your brain around what is really happening.
And, to be honest, if all you are interested in are the TOPS and BOTTOMS that are still alive you don't need an indicator to show that, right? Just look at the current price line and it's pretty obvious.