In this tutorial, we will learn how to use the "Auto Trendline & Breakout Alert (Linear / Log)" indicator. Note: You can find it in the scripts section of my profile Auto Trendline & Breakout Alert(Linear / Log) Full-Version by BobRivera990 Overall Introduction This indicator is the best tool for breakout traders. Drawing and evaluating the trend lines of...
How to utilize the linear regression channel on this platform
Ask a hundred traders whether you should be using Log charts or Linear charts and you will get as many answers. The real answer seems to boil down to - Look at both and find what works. On the lower time frames there is often not a big difference. Log is often considered best for longer-term charting, but that is not an absolute. Badrosha on twitter writes:...
Ask a hundred traders whether you should be using Log charts or Linear charts and you will get as many answers. The real answer seems to boil down to - Look at both and find what works. On the lower time frames there is often not a big difference. Log is often considered best for longer-term charting, but that is not an absolute. @Badrosha on twitter writes:...
Looking at the BTCUSD logarithmic scale changes the perspective quite a bit. This view explains why it turned downwards when we all thought it already broke through the channel. Which it did... in the linear view. When doing a technical analysis, it's a good idea to sometimes take a step back and make sure you've looked at it from all angles. And that's my...