Density in ProRealTrend

• 12/16/2020 at 12:57 PM #153954
  Francesco

  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.

  

  Francesco

  Participant

  Topics: 32

  Replies: 439

  Been thanked: 200 times
  12/16/2020 at 1:13 PM #153958
  GraHal

  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)

  

  GraHal

  Participant

  Topics: 204

  Replies: 8419

  Been thanked: 2044 times
  12/16/2020 at 1:34 PM #153969
  Francesco

  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? 🙂

  

  Francesco

  Participant

  Topics: 32

  Replies: 439

  Been thanked: 200 times
  12/16/2020 at 2:00 PM #153979
  GraHal

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

  

  GraHal

  Participant

  Topics: 204

  Replies: 8419

  Been thanked: 2044 times
  12/16/2020 at 2:08 PM #153980
  Francesco

  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.

  

  Francesco

  Participant

  Topics: 32

  Replies: 439

  Been thanked: 200 times
  12/16/2020 at 2:14 PM #153982
  GraHal

  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?

  

  GraHal

  Participant

  Topics: 204

  Replies: 8419

  Been thanked: 2044 times
  12/16/2020 at 2:32 PM #153985
  Francesco

  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.

  

  Francesco

  Participant

  Topics: 32

  Replies: 439

  Been thanked: 200 times
  12/16/2020 at 2:52 PM #153995
  GraHal

  I’ll check mine again later and report back.

  1 user thanked author for this post.

  Francesco

  

  GraHal

  Participant

  Topics: 204

  Replies: 8419

  Been thanked: 2044 times
• Author
  Posts