using swing chart question |
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fiesta62
Newbie Joined: 27 Jul 2009 Posts: 19 |
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Topic: using swing chart question Posted: 01 Nov 2009 at 12:50pm |
hi, when using gann swing charts i see an option under parametres to set bars from 1 to more....what does this actually do or change ect ?
and can i overlay a swing chart over my template candle chart?
any help here would be appreciated, thanks, fiesta62
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peter1
Regular Joined: 27 Aug 2008 Location: Sydney Posts: 56 |
Post Options Quote Reply Posted: 04 Nov 2009 at 11:29am |
The Gann swing chart is constructed using the number of bars in the parameters tab. A 1 bar swing chart is too messy on a daily chart but looks good on a weekly chart. On the daily charts I use 2 bar swings as 3 bar swings ignore many smaller corrections. I prefer to see the swings as lines rather than steps (another option in the parameters tab).
The style tab allows you to display a price plot (also check normal time) which can then be changed to candlesticks. |
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fiesta62
Newbie Joined: 27 Jul 2009 Posts: 19 |
Post Options Quote Reply Posted: 04 Nov 2009 at 2:19pm |
hello peter....thanks for the info, i did a template candle with swing overlayed, i also tryed the line swing and it is good i might switch to that, i set my daily at 2 bar and weekly at 1 bar, as u suggested , all good so thanks very much for your info....one thing i spoke to a very highly regarded trader about swing charts he said swing charts have no time scale so are best viewed on there own, not over a candle chart, so not sure if i should be doing what i am with the overlay method, so also look at swing charts on there own, ok thanks, fiesta62
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