Reply to W3: Post #: 60504746
This is because you are using the highs to construct the trendline whereas I am using the body of the candles. I use the bodies (where possible) because I want to exclude the extremes of the price action (sentiment) which do not reflect the general feeling (and movement) of the market. I explained this in this post here: 60404151.
Using the highs and lows is also fine. It just results in a more conservative trendline which will identify a trend reversal at a later point.
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Reply to W3: Post #: 60504746This is because you are using the...
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---|---|---|
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11 | 1180078 | 0.031 |
7 | 1784266 | 0.030 |
6 | 1010125 | 0.029 |
1 | 400000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 74242 | 2 |
0.034 | 622447 | 3 |
0.035 | 515100 | 5 |
0.036 | 265198 | 4 |
0.037 | 741808 | 10 |
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