Density in ProRealTrend

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

    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)

    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? 🙂

    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?

    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.

    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?

    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.

    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.
    avatar Francesco
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