InvestorsHub Logo
Followers 4
Posts 1369
Boards Moderated 0
Alias Born 08/12/2001

Re: JLS post# 3077

Friday, 05/15/2009 8:40:59 AM

Friday, May 15, 2009 8:40:59 AM

Post# of 17387
JLS,

I would respectfully disagree wrt time 'is not a factor'.

There is a demarcating event when two prices are compared to determine if the P&F chart needs a new mark. On a 'daily' chart, it is the day's data. I'm assuming, but remain uncertain, that on TREND1's '1 minute P&F' chart, it is the minute's data.

Given that, the P&F chart cannot 'grow to the right' faster than a candlestick chart, and will be much more compressed - a narrower chart.

I wanted to look at what difference I might see between a candle and a P&F chart, for 1 minute data, that TREND1 is building. Don't know that I'll see anything, but as Yogi said, it's surprising what you see when you look.

rr

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.