Trendlines on Range, Tick, and Volume Charts

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Updated October 14, 2018

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Trendlines on Range, Tick, and Volume Charts

Crow · 2018-10-14T20:16:05-04:00

It seems that the most common chart type is a time-based chart (time is on the x-axis). So then why do people bother drawing trendlines on other chart types? Because one trendline may be valid on a time chart, but not valid on the other chart types since the x-axis is non-linear with respect to time.

October 14th, 2018, 08:16 PM	#1 (permalink)
Crow Las Vegas, Nevada Elite Member Experience: None Platform: MultiCharts Posts: 52 since Apr 2010 Thanks Given: 20 Thanks Received: 19	It seems that the most common chart type is a time-based chart (time is on the x-axis). So then why do people bother drawing trendlines on other chart types? Because one trendline may be valid on a time chart, but not valid on the other chart types since the x-axis is non-linear with respect to time.