Changing time frames with same supp/res lines

Discussion in 'Technical Analysis' started by Monty Carlo, Jun 14, 2006.

  1. I use 5 minute and 60 minute charts from eSignal and only really draw in support and resistance lines. The problem I have is that when jumping from a 60 minute to 5 minute time frame , the lines I have drawn sometimes "jump" away from highs and lows. Is this normal ?
  2. colion


    Sounds like a software problem. I don't use eSignal but do not have that problem using vastly different time frames.
  3. Maybe I didnt explain very clearly, say I draw a simple resistance line across a series of highs on a 60 minute chart , then change time scale to a daily chart, the line doesnt touch the highs anymore, only the first bar from where it was drawn.
  4. MTE


    Anyway you put it, it still sounds like a software problem.