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I was wondering if there was a way to link charts so that when I draw a trendline on, say, a 60 minute chart it draws it to all other charts (no matter the timeframe).
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I beleive the answer is no. But it will stay on that chart no matter what time frame you change too.
Fibbgann -
Hi melteye,
FibbGann is correct. eSignal saves lines based on the line / symbol association. As lines are drawn on a chart for a specific symbol, they are subsequently saved to that chart and applicable through all time frames. Currently there isn't any sort of universal line drawing features available.Comment
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That's a great eSignal feature - that a trendline drawn for a symbol in one timeframe, will appear in all other timeframes for that same symbol. But in practice, it doesn't work quite right
In a daily chart, a trendline you draw from the high 20 days ago, to the high 10 days ago will look correct. But then when you look at a 30 min chart for those same days, the trendline is almost certainly not at the highs of those days. Instead, on those days, the trendline goes thru the correct price level, the high of the day (HOD), but always on the first intraday bar, not the highest intraday bar. The line draw tool doesn't have the 'smarts' to know you want the HOD in the smaller timeframes.
What you have to go is scroll back to the two days that define your trendline, and down to the smallest timeframe you expect to use, and then draw the trendline to the HODs of those two days. And often it then doesn't look right when you move back up to the larger timeframes
Where this innacuracy becomes most obvious is in the current day. On a 5 minute chart, it may appear that price is just about to touch the trendline you drew through the high 10 days ago, but in a 1 minute chart, it crossed an hour ago.
Is there any priority to getting this fixed?Comment
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