Line chart users?

Discussion in 'Trading' started by David's faith, Feb 26, 2024.

  1. mervyn

    mervyn

    #11     Feb 27, 2024
  2. themickey

    themickey

     
    #12     Feb 27, 2024
    David's faith likes this.
  3. Jzwu2017

    Jzwu2017

    Candles definitely provide more price info. Using both gives you an even more complete picture.
     
    #13     Feb 27, 2024
  4. DupontDu

    DupontDu

    Yes, I do. Beacuse it is simple and clear. I use it to understand the price movements and currency pair trends. It's actually best for beginners.
     
    #14     Mar 4, 2024
    David's faith likes this.
  5. birdman

    birdman

    Today i used line charts and was up 10% in 21 minutes. I've been trading since 1987 when i had to phone my broker at a pay phone to place a trade, long before cell phones and online trading. Until this day i still go back and forth between bar charts and line charts. Once again I'm trying to simplify my stratgey. I consider my skills less than average and i try to dumb down the process to help me. Line charts provide a cleaner, more straightforward view of price trends. When using line charts, I feel less cluttered or less distracted by the additional information in candlestick charts, and find that line charts allow me to more clearly see the price action I care about.
     
    #15     Apr 25, 2024
    damnpenguins and David's faith like this.
  6. mervyn

    mervyn

    oh well, you might be well as spot the moving average trend line.
     
    #16     Apr 25, 2024
  7. themickey

    themickey

    upload_2024-4-26_3-48-0.png
    I created a sparkline sheet yesterday just for amusement to see if it had merit for me.
    The Tether, Doge & Link wont work as for some reason are not recognized.

    upload_2024-4-26_3-51-7.png
    Just some more ordinary currencies.
     
    #17     Apr 25, 2024
    David's faith and birdman like this.
  8. Real Money

    Real Money

    I built custom charting software and it can do 1sec charts. I have so many screens, that I can have candle, line, tick, etc all at once. Line charts are useful.

    My best momentum analysis algo recolors line charts based on a complex function of price changes. For most purposes, I think line charts are superior, but a good candle chart can allow very quick assessments.
     
    #18     Apr 25, 2024
    David's faith and themickey like this.