"channel or trendlines in PnF are usually(always?) drawn in 45 degree angle."
I CARE NOT if my angle = 45*
I CARE that my angle captures support or resistance...
P&F charts suck, don't use them...
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- PebbleTrader
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yes, the angle indi will eliminate the MT4 angle stupidity
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PebbleTrader wrote:"I may have to add all the angles into the fan, my quick play found it hard to fit any of them to my charts... it also might just be me"
Jalarupa and I were working on creating a diamond in Excel that would hold all the angles. It was taking me a bit of time to get it all drawn in there. I took a break and during the break I was thinking about how I would use it. It was at that time, I determined it was WORTHLESS.
What made the most sense was to just use your drawn angles with MB Ruler (Love that tool!).
Now, with MT4 and scaling, the angles get all screwed up and moved around. I think that's what your indi is trying to overcome though right?
Hello PebbleTrader,
when you say creating a diamond, are you doing something like Diamonetrics by Charles Cottle?
best regards.
-zhao
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PebbleTrader wrote:Not sure if its the same as that or not, but it's a diamond that holds all the major angles in both directions.
Do a search for "diamond of perception" on this site.
Hello PebbleTrader,
many thanks, will take a look.
here is an implementation in Excel, DiamondWise Excel Chart
best regards.
-zhao
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