Zline
Posted: Mon Sep 07, 2009 8:50 pm
Hi,
I am new on this forum. However I have spent a lot of time reading the different threads and learnt quite a few things. Having said that, I still dont understand Zlines. I have actually downloaded a word document with hundred of charts made by the MightyOne and I simply don't get it.
I dont understand which elements you need to draw the Zlines on the charts. Do you do it manually draw the line or do you use an indicator to calculate the Zline?
I understand it might be a silly question with so many threads about it but after reading, it's still don't understand the Zline process. Actually, I feel that those threads are more about the use of Zlines and how to trade with them but not so much about drawing them.
I hope somebody will be kind enough to explain me this process.
I am new on this forum. However I have spent a lot of time reading the different threads and learnt quite a few things. Having said that, I still dont understand Zlines. I have actually downloaded a word document with hundred of charts made by the MightyOne and I simply don't get it.
I dont understand which elements you need to draw the Zlines on the charts. Do you do it manually draw the line or do you use an indicator to calculate the Zline?
I understand it might be a silly question with so many threads about it but after reading, it's still don't understand the Zline process. Actually, I feel that those threads are more about the use of Zlines and how to trade with them but not so much about drawing them.
I hope somebody will be kind enough to explain me this process.