Trend line Differences

Market data, Trading, Technical support, Features requests, etc
dougrkyle
Posts: 6
Joined: Wed Jan 15, 2020 4:31 am
Has thanked: 1 time

Trend line Differences

Post by dougrkyle » Sun Jan 26, 2020 5:29 pm

Please review the Bookmap Trend line and the SC trend line marked on Fridays ES trading.  As you will see that both fixed points are set to the same location on each chart but the BM chart does not represent the price action reaction to the trend line.  Is there a reason for this?  Are trend lines useless on BM due to scale?

 
Attachments
ES_Friday_1-24-20_SC_Trend_Line.png
ES_Friday_1-24-20_SC_Trend_Line.png (130.95 KiB) Viewed 609 times
ES_Friday_1-24-20_BM_Trend_Line.png
ES_Friday_1-24-20_BM_Trend_Line.png (184.23 KiB) Viewed 609 times

AndreyR
Posts: 209
Joined: Mon Jul 09, 2018 11:18 am
Has thanked: 11 times
Been thanked: 40 times

Re: Trend line Differences

Post by AndreyR » Mon Jan 27, 2020 9:44 am

hi dougrkyle,
the upper chart seems to be volume-normalized so candles' real bodies are equal but the timeline is wrinkled.
I did my best to mark hours in the upper chart (see the bottom of my screenchot) and hour intervals do not look equal.
Bookmap has equal intervals. So the charts cannot be compared.
Attachments
marks.jpg
marks.jpg (238.79 KiB) Viewed 603 times

Post Reply