Trendlines on Range, Tick, and Volume Charts - futures io
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Trendlines on Range, Tick, and Volume Charts

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Trendlines on Range, Tick, and Volume Charts

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Las Vegas, Nevada
Experience: None
Platform: MultiCharts
Posts: 51 since Apr 2010
Thanks: 19 given, 19 received

It seems that the most common chart type is a time-based chart (time is on the x-axis). So then why do people bother drawing trendlines on other chart types? Because one trendline may be valid on a time chart, but not valid on the other chart types since the x-axis is non-linear with respect to time.

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