DislikedHi folks,
I don't ask a lot of questions but I've been wrestling with this for a while now.
In your opinions, Is it better/easier to use a line chart or bar/candle chart for finding the major PPZ's?
For the most part, I use weekly charts for finding them (since I trade from the 1H & 4H). It seems the line charts tend to average out the "close" and not include the wicks. (Of course the amount of this changes as we go down in TF). In the first of these two pictures (weekly GU) the SR line is set to the top of the line chart. The second clearly...Ignored
I still flip to a line on close chart just to see the trend better, also if you are looking for divergence the line on close cuts down on the noise and if using RSI you can see it very clear and it takes out the guess work. For me I use candle's and LOC charts for price.
Keep taking CT trades, I need more money