Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

karim0028

Drawing Boxes and Having Them Stay Put

Recommended Posts

Hi Chad,

 

I recently joined IRT and have been extremely frustrated with the box drawing capability. I have been talking to support and not really getting anywhere... I keep getting the same response "it works as intended".... I apologize if i sound a little curt as ive been going back and forth with support for the better part of 3 weeks and it doesnt make sense to me how it works as expected....

 

I rely on boxes and support/resistance to trade... Everytime i draw boxes on a 3 min frame and switch the timeframe to 5 or 15 or whatever the boxes go crazy and are all over the screen and very distracting (they definitely dont help).... I believe that the boxes i draw should be positioned based on price/time not what i currently believe they are based on position or some other non constant.... I also believe that i shouldnt have to mess with scale or pixels/bar for the boxes to look right.... While trading i dont have time to do that!

 

I attempted to say/show this to support via pics from other charting SW such as prophetcharts but keep getting the "it works as expected"...

 

I am attaching pics from IRT and Prophet charts to better explain what i am referring to...

 

I would really appreciate your help on this as it is extremly frustrating to trade with boxes all over the screen (in areas i didnt put them)....

 

Please see attached pics....

 

Here is what your charts look like on a 3 min time frame.... The time frame in which i drew the boxes... It looks good... (picture 3)

 

NOW i change the timeframe to 10 min when i look at the bigger picture... AS you should be able to see; it looks unreadable.... (picture 4) If i change to 15 min it looks even worse...

 

NOW here is my chart with Prophet charts.... Notice that its at 60 days/60 min..... The boxes are where they are.... (picture 5)

 

NOW Again picture 6 of the same chart in a 5 min interval with prophet charts.... The boxes are well behaved and stay put... (picture 6)

 

Here is another pic of a completely diff view period/time frame (30 days and 30min). Notice the box stays where i put it based on time and price, not physical position.... (picture 7)

 

 

Now, the way i see it... When you move periodicity or view period the boxes should still stay within their time/price zone (regardless of pixels/bar or view period or periodicity)....

 

My point is that i SHOULDNT HAVE to change anything with the scale (i dont have to do anything with prophet charts, it just works).... BTW, i didnt change the pixels/bar (by pushing the up/down arrow) so that really isnt the issue....

 

If its some configuration issue please let me know! BUT, as you can see i rely on boxes and Support/resistance for my trading and at this point im finding it pretty tough.... I would really like to be able to continue to use IRT so PLEASE help me!

 

Thanks!

Karim0028

5aa70e6ab0852_Picture4.thumb.png.427e5d53a136de4db4faaa4ac4f892bf.png

5aa70e6abee5f_Picture5.thumb.png.18dc6110c569846c79faea2fed84d2a6.png

5aa70e6acbdb2_Picture6.thumb.png.07d0f6f47016abe53d2c85ca8bd96f9f.png

5aa70e6ad8303_Picture7.thumb.png.152040e01626538f8c358259b44fff7b.png

5aa70e6adfeba_Picture3.thumb.png.c452054ab6e39cdd67258f039a53ad3e.png

Edited by karim0028

Share this post


Link to post
Share on other sites

Karim,

 

If I understand correctly, you're using the "Shapes" indicator to draw boxes on the chart. The problem you appear to be running into, is that the Shapes indicator is designed to draw boxes of a given width in BARS. So when you switch from a 3-min chart to a 5-min chart, the box is drawn across the same # of bars, but now the box covers more time because each bar covers more time. What you need is an option in the Shape tool to have the box cover a certain amount of time (in minutes), or to be given a specific ending time (similar to how it has a specific begin time). Let me know if I've correctly diagnosed your need here and I'll look into adding that option.

 

Here are a few videos that will be of interest to you if you haven't already watched them:

 

Drawing Tools in Investor/RT:

http://www.linnsoft.com/videos/trendline/

 

Drawing Notes in Investor/RT:

http://www.linnsoft.com/videos/notes/

 

Vertical and Horizontal Scaling in Investor/RT:

http://www.linnsoft.com/videos/notes/

 

Regards,

Chad

Share this post


Link to post
Share on other sites

Just a quick update on this box issue. I did make the enhancement to our Shape Indicator to provide an option of Width in "Time" as opposed to "Bars". I also did some additional tweaking internally which I won't bore you with the details....but the net result is that you'll have exactly what you're looking for in the next release. The box will envelope the same time period as you change between periodicities.

 

In addition, for some time, users have been asking for an ability to clone trendlines and then place them where they want, including into the future (beyond the last/current bar). I have modified our trendline tool to accommodate this as well.

 

I will put together some videos on how to accomplish both these tasks when the next release comes out.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • How's about other crypto exchanges? Are all they banned in your country or only Binance?
    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.