Eur/usd daily chart Prophet vs thinkorswim shows different results

Discussion in 'Technical Analysis' started by inks2002, Mar 12, 2010.

  1. so are you saying a bid basis chart is the incorrect one to look at for forex?

    Still though there are days missing in the TOS charts, wouldn't you think that would compress the channel therefore enableing that last bar on the daily chart to appear to "break out" since the channel is thinner than on the prophet chart?
     
    #11     Mar 15, 2010
  2. Brilliant observation. Now explain how how 2 days are missing because of the difference between the Bid & Close price.

    Look c l o s e l y

    :)
     
    #12     Mar 15, 2010
  3. With TOS charts under chart setting you can change the charts to bid, ask, last, close. bid last ask look virtually the same but what changes to create the candle are what your selecting. If you choose close then you will have a scatter alot of dots and some "candles" without wicks so not too useful for trading in my book.

    I use the charts set to bid everyday so they are ok for trading and your only other options are what I explained above.

    As to your channel thing, I gave my best guess.


    Good Trading.
     
    #13     Mar 15, 2010