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Hey Tasuki - your notations are a big value-add to the charts - Thanks very much! |
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You're most welcome, Monsieur Ed. I REALLY wish we had a standard for chart-posting on this forum, whereby the poster (the person who is doing the posting) should:
1) include in the chart the contract name and type of chart (time, tick, or volume), as well as the values for the X and Y axes. You'd be surprised how many people leave those out...makes it near impossible to reproduce the chart with your own software and indicators.
NOTE: the real value of chart-posting comes when the viewer can reproduce the poster's chart with their (the viewer's) own indicators, to compare how they would analyze the chart with their own system--then compare their analysis with what the poster is saying to see if the poster really has a good idea, or a valid spin on the chart in question.
2) vertical lines from the price to the volume. This is especially essential in
VSA charts. It helps the viewer see which bar the poster was referring to when they say such and such bar represents no demand, low volume test, a squat, etc. etc. etc. The vertical line is just a courtesy to the viewer.
NOTE: from my perspective, it's not so valuable just to post charts willy-nilly, throwing out to the public just anything you come across. Traders Lab is an educational site in which we help each other, and to that end, it is most useful to present your charts in a way that makes your message as easily understandable as possible.
3) Salient points in the chart should be marked on the chart if possible, not merely in the text. Again, this helps the viewer's eye grasp the poster's message quickly and clearly.