Density in ProRealTrend

Viewing 8 posts - 1 through 8 (of 8 total)

Author

Posts
12/16/2020 at 12:57 PM #153954 quote

Francesco
Participant

Veteran

Hello everyone, i would like to know what is the real difference between different levels of line density in ProRealTrend.

As the name says i expected a different amount of supports and resistances on the chart based on different density levels, but i noticed that the level does not change the quantity of the lines but their position.

I would like to understand more about this. What is the most reliable level?

Thanks.

12/16/2020 at 1:13 PM #153958 quote

GraHal
Participant

Master

Qty does change … see attached and the lack of oblique lines at the red arrowhead on the Low setting (and many lines on the High setting for comparison)

Low.jpg High.jpg

12/16/2020 at 1:34 PM #153969 quote

Francesco
Participant

Veteran

Look at this example, quantity is the same but position changes (first is high density, second is low one)… on this chart as for some other ones. In this case it changed also the type of the line, from resistance to support… which one should I believe? 🙂

high.png low.png

12/16/2020 at 2:00 PM #153979 quote

GraHal
Participant

Master

Is the red and green line both from the Timeframe you are looking at on the chart?

12/16/2020 at 2:08 PM #153980 quote

Francesco
Participant

Veteran

I didn’t change anything: same asset, same timeframe, same zoom on chart… just at first high density and then low one. As i said this happens also on some other charts.

12/16/2020 at 2:14 PM #153982 quote
GraHal
Participant

Master
when you go over to the right hand axis (where price value is shown) what timeframe does it show …
1. The red line is from?
2. The green line is from?

3. What timeframe is the chart you are looking at?
12/16/2020 at 2:32 PM #153985 quote

Francesco
Participant

Veteran

Oh sorry i didn’t understood your question at the beginning… i’m working on a 2h tf chart. The lines are both monthly on the right hand axis for high and low density.

Anyway i noticed that on some charts when there’s the “change” of the lines due to the change of the density, sometimes there’s also a change from monthly to weekly and viceversa on the right hand axis; but as i just said, in the first example there’s no change of this type… it’s like random i can’t find coherence.

In the first two photos an example of no right hand axis change (from my previous post asset), second one with the change (from another asset). The density changes are both high to low.

1.png 2.png 3.png 4.png

12/16/2020 at 2:52 PM #153995 quote

GraHal
Participant

Master

I’ll check mine again later and report back.

Francesco thanked this post
Author

Posts