Trendlines moving when magnifying - futures io
futures io futures trading



Trendlines moving when magnifying


Discussion in MultiCharts

Updated by ABCTG
    1. trending_up 1,263 views
    2. thumb_up 4 thanks given
    3. group 2 followers
    1. forum 10 replies
    2. attach_file 4 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Trendlines moving when magnifying

(login for full post details)
  #1 (permalink)
florence
 
 
Posts: 24 since Oct 2011
Thanks: 2 given, 6 received

Hi all,

I am using MC easylanguage for a while (version 10 and now the beta 11), but I've always found a strange behaviour of trendlines: when magnifying the chart, the trandlines moves.
For example, if I draw a trendline connecting 2 highs... last close is far from the trendline.
If I enlarge the chart (the 2 connected highs are no more visible), the trendlines "moves" and in certain cases last close has already crossed the trendline!
anyone with the same problem? I already tried various combination like (anchor to bars), but nothing changes.

thanks
ciao

Reply With Quote

Can you help answer these questions
from other members on futures io?
TOS script help - crossover with alerts - help please?
ThinkOrSwim
Do you trade on Sundays?
Emini and Emicro Index
NT8 trade the plan: access to the divergence indicator signals (sharkindicators)
NinjaTrader
Corn Sep-Dec20
Commodities
TOS Custom Implied Volatility Rank Watchlist/Scanner Column
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
184 thanks
Micro account vs Funded account (combine)
52 thanks
Are sharks watching on the other side?
32 thanks
Market profile entries/exits
25 thanks
Spoo-nalysis ES e-mini futures S&P 500
21 thanks
 
(login for full post details)
  #2 (permalink)
Hamburg Germany
 
Experience: Advanced
Platform: Multicharts, Tradestation
Broker: DTN IQ
Trading: ES
 
Posts: 2,187 since Apr 2013
Thanks: 384 given, 1,423 received

eros1973ms,

can you show an example of how it looks exactly? There are some posts in the MC forum that deal with trendline behavior, that appears strange, but is by MC design.
For example this one:
https://www.multicharts.com/discussion/viewtopic.php?f=1&t=7706

Regards,

ABCTG

Follow me on Twitter Visit my Facebook Reply With Quote
 
(login for full post details)
  #3 (permalink)
florence
 
 
Posts: 24 since Oct 2011
Thanks: 2 given, 6 received



ABCTG View Post
eros1973ms,

can you show an example of how it looks exactly? There are some posts in the MC forum that deal with trendline behavior, that appears strange, but is by MC design.
For example this one:
https://www.multicharts.com/discussion/viewtopic.php?f=1&t=7706

Regards,

ABCTG

Hi, sorry for the very long time...
Anyways, the problem is still here (also on the very latest MC64 version). Basically what happens is: until the extreme points of the TL are visualized, magnifying works correctly. When they disappear from the visualized time period, the TL moves:




Reply With Quote
 
(login for full post details)
  #4 (permalink)
Hamburg Germany
 
Experience: Advanced
Platform: Multicharts, Tradestation
Broker: DTN IQ
Trading: ES
 
Posts: 2,187 since Apr 2013
Thanks: 384 given, 1,423 received

eros1973ms,

you might want to demonstrate the behavior to Multicharts via their helpdesk, as this way they can fix it in case it's a bug.

Regards,

ABCTG

Follow me on Twitter Visit my Facebook Reply With Quote
 
(login for full post details)
  #5 (permalink)
Stavanger, Norway
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjabroker, Continuum
Trading: ES, CL, Bonds
 
Posts: 665 since Nov 2012
Thanks: 905 given, 1,793 received

This happens on NT also and probably on all platforms, mainly due to where you've placed the anchor points; the FROM and TO points when you draw the lines. These are the only real anchors where there always will be a line crossing, everything else will be a dynamic result of the distribution of the chart/bars(and their spacing)/slope. If you try to set your "to"(last, ending) anchor on the bar where it passes through the wick(on your first pic) then the trendline should always be exactly there regardless of what timeframe/zoom you use.

Its a sneaky and deceptive trait for trendlines when switching timeframes..

"Hey! I've got 10 fresh apples to sell, any hungry buyers out here today?!" "Maybe! Just let me check my moving average and RSI!"
Reply With Quote
The following 2 users say Thank You to danielk for this post:
 
(login for full post details)
  #6 (permalink)
Hamburg Germany
 
Experience: Advanced
Platform: Multicharts, Tradestation
Broker: DTN IQ
Trading: ES
 
Posts: 2,187 since Apr 2013
Thanks: 384 given, 1,423 received

@danielk is correct and I don't think it's a bug either, more a "problem" one should be aware of when using trendlines.

Regards,

ABCTG

Follow me on Twitter Visit my Facebook Reply With Quote
The following user says Thank You to ABCTG for this post:
 
(login for full post details)
  #7 (permalink)
florence
 
 
Posts: 24 since Oct 2011
Thanks: 2 given, 6 received


ABCTG View Post
@danielk is correct and I don't think it's a bug either, more a "problem" one should be aware of when using trendlines.

Regards,

ABCTG

Thanks for your answers, but actually I don't think it is normal.
I can understand that when anchor points are not visualized, what you get is an interpolation, but I have used Pro Realtime and Metatrader 4 and non of these have this problem. It is simply not acceptable for a charting software such an aproximation.
I will check with MC helpdesk

thanks
ciao

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Hamburg Germany
 
Experience: Advanced
Platform: Multicharts, Tradestation
Broker: DTN IQ
Trading: ES
 
Posts: 2,187 since Apr 2013
Thanks: 384 given, 1,423 received

eros1973ms,

please keep us updated about what they reply in here.

Regards,

ABCTG

Follow me on Twitter Visit my Facebook Reply With Quote
 
(login for full post details)
  #9 (permalink)
florence
 
 
Posts: 24 since Oct 2011
Thanks: 2 given, 6 received


ABCTG View Post
eros1973ms,

please keep us updated about what they reply in here.

Regards,

ABCTG

Hi, I am in contact with MC support...but actually I think I understood the problem..as this does not happen always.
The problem happens when the ending anchor point is in the future respect to the data series: when magnifying the anchor point is automatically moved to the end of the magnified screen...generating the difference




Reply With Quote
 
(login for full post details)
  #10 (permalink)
florence
 
 
Posts: 24 since Oct 2011
Thanks: 2 given, 6 received



eros1973ms View Post
Hi, I am in contact with MC support...but actually I think I understood the problem..as this does not happen always.
The problem happens when the ending anchor point is in the future respect to the data series: when magnifying the anchor point is automatically moved to the end of the magnified screen...generating the difference

ok, so... in order to prevent the problem, the following actions can be taken:
  1. make sure that the final anchor point is not in the "empty" space, where no prices are available. In case, just stop on the last bar then right extend the TL
  2. change the format of the window in order to have the right empty space as "number of bars" and not as "percentage": in this way, even if the anchor point is in the empty space, no movement when magnifying happens

Happy to have solved this for me unacceptable error in MC.
Very good responsiveness of the MC support!

ciao

Reply With Quote
The following user says Thank You to eros1973ms for this post:


futures io Trading Community Platforms and Indicators MultiCharts > Trendlines moving when magnifying


December 1, 2017


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts