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Trendlines not matching from Higher Timeframe to lower Timeframe?
How come the trendline from a 4181 tick chart when put to 'global' on all charts ends up being very different then if I put it directly on say a 144 chart?
I will line up my trendline precisely on the same points and on the 4181 the trendlines look beautiful, but on the 144 it will be off and vice-versa?
Why are there inconsistancies between timeframes etc..?
I can snap a picture if nobody knows, but strange to me as I would think they would line up precisely.
Can you help answer these questions from other members on NexusFi?
I believe I read it is because the trendline start/end points are being marked/recorded by time and not by price. Or maybe the opposite. Just guessing, I'm sure someone else can give you a more definitive answer.
This is since anchor points need to be defined by time in order for them to be shared across more than one chart. Time is the uniform common denominator across charts.
Let me provide an example:
- Low made at 9:03:30 AM
- On a 1 minute bar you would see this low at 9:04 bar
- On a 5 minute bar you would see this low on the 9:05 bar
- If you drop the trend line anchor on the low of the 9:05 bar it will have a time stamp of 9:05
- When this trendline is then displayed on a 1 minute chart, it will be dropped on the 9:05 bar since that is the time stamp of the anchor point
Both are ticks, but when you hit 'all charts' the trendlines are totally off.
Again, this is extreme as usually the difference is between 440 and 144 or 4181 and 144 etc..
I never had this issue with TradeStation and curious why we do in Ninja. This is definitely something that should not occur in my opinion. Of course there is always the possibility I am the idiot and my expectations are not what was meant to be.