Trend line Differences

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Trend line Differences

Post by dougrkyle » Sun Jan 26, 2020 5:29 pm

Please review the Bookmap Trend line and the SC trend line marked on Fridays ES trading.  As you will see that both fixed points are set to the same location on each chart but the BM chart does not represent the price action reaction to the trend line.  Is there a reason for this?  Are trend lines useless on BM due to scale?

ES_Friday_1-24-20_SC_Trend_Line.png (130.95 KiB) Viewed 2731 times
ES_Friday_1-24-20_BM_Trend_Line.png (184.23 KiB) Viewed 2731 times

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Re: Trend line Differences

Post by AndreyR » Mon Jan 27, 2020 9:44 am

hi dougrkyle,
the upper chart seems to be volume-normalized so candles' real bodies are equal but the timeline is wrinkled.
I did my best to mark hours in the upper chart (see the bottom of my screenchot) and hour intervals do not look equal.
Bookmap has equal intervals. So the charts cannot be compared.
marks.jpg (238.79 KiB) Viewed 2725 times

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