Locking the price/time scale ratio
Printed From: BullCharts Forum
Category: BullCharts
Forum Name: Tips and Tricks
Forum Discription: Tips on how to use BullCharts more effectively.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=70
Printed Date: 19 May 2024 at 11:15am
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com
Topic: Locking the price/time scale ratio
Posted By: Peter
Subject: Locking the price/time scale ratio
Date Posted: 08 Dec 2004 at 10:23am
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Many analysis methods, such as Gann, rely heavily on the relationship
between price and time. When charts were drawn by hand on grid paper,
it was easy to fix the price/time relationship (eg 1 grid box per week,
and 1 grid box per dollar). However, most charting applications will tend to scale the price axis and the time axis automatically and independantly, which can hinder analysis that relies on the price/time relationship. BullCharts has a option called "Lock scale ratio", located in the price axis properties. This will ensure that the horizontal spacing between each bar on the chart is kept the same as the vertical spacing for the specified number of dollars on the price axis. For example, the chart below has been set up so that 1 day on the time axis is the same size as 10 cents on the price axis. In this case the grid lines are also shown to be exactly square (though this is not always the case).  For a detailed discussion of the advantages and use of this feature, check out the http://www.bullcharts.com.au/whitepapers.asp - whitepaper available on the BullCharts website. |