Hi Zacorbul,
Thank you for your feedback. We are analysing it and checking how it may help to improve Protrader.
A TL on daily will not be displayed correctly on M1 (why is that so hard to do ?!
Please let me explain. In general when you draw a trend line you input four basic parameters for two anchoring points and those are price and time. Doing so on a daily chart you pick values manually from a daily chart scale and that's especially important in terms of time.
Going to lower time frame, these anchoring points most probably won't be accurate as minimum or maximum (usually these are TL's anchoring spots) are rarely placed exactly in the middle of the day (especially on Forex).
Situation should look better when drawing on a lower TF (such as H1 or M1) and then checking on a higher time frame (e.g. Daily). But here also will be slight shift in Protrader and that's because our timescale is not connected with daily candles but with exact points in time. In other words Protrader's daily chart still recognizes hours and minutes inside the day. That's why when you mark parameters for TL on a low TF, they will be still accurate on a daily TF regardless of candle which has wick always in the middle and that's not when the real minimum/maximum of the day happened to be.
Since our charts contain drawings copy function, we are not able to program our charts to draw the same line differently regarding TF. In the end it's the flaw of a candle chart which is not accurate enough when comes to exact price/time display. Hope that explains, why it's so hard to do.
Also on M1 only displays 20 days, on range bars only 10 days (!)... This is bad IMO. To be fair I do wish my broker would stay with "other" until this is fixed/implemented.
Thanks for mentioning that. We are considering to change it.
Other than these two deal-breakers, I quite like it
Thanks :hi:
Best Regards
Marcin |
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