Here is the current trendlines for the Euro 1min:
http://www.automatictrendlines.com/F...actoryEuro.jpg
REFRESH THIS PAGE to update the above chart.
It is updated every minute.
I am giving away this trendline chart here for free with only a few conditions. You guys have to keep this trend alive, and you need to show some love with your votes!!
If this thread goes dead I'll delete the chart from the sever, so keep this alive (BECAUSE *I* WON'T), thanks!
What the colors mean:
GREEN = 1min trendlines.
BLUE = 5min trendlines.
ORANGE = 15min trendlines.
FUCHSIA = 1hr trendlines.
BROWN = Daily trendlines (not shown on this example chart).
_______________ <- solid lines = line, with start/end attached to price.
----------------- <- dashed lines = rays, that extend into the future.
Every ray begins with a line, and every line ends with a ray.
Questions and answers:
Q: Does the price react to the lines or to the rays or to both?
A: The price only can react to the rays, because only the rays extend into the future. The lines lag, and are only drawn onto the past after-the-fact.
Q: The price is touching a ray, does that mean I should buy or sell?
A: The price can react to rays as though they are: 1) Support/Resistance lines (meaning the price prefers to bounce off lines, or 2) Breakout points.
Q: The price just moved through a big pink line as though it wasn't even there, why?
A: Several reasons: 1) Trendlines appear slightly differently depending on the time frame of the chart. This is due to the fact that hourly charts are "slightly less specific" than 1min charts. Likewise, different brokers may have different appearances of trendlines. Nevertheless, if you see a pink line, it's likely to be "in that area" for pretty much everyone. However, don't expect everyone to see that same pink line with perfect single-pip accuracy. And 2) The trendline may have already been "broken through" in the past several times, thus the market is now mostly ignoring it.
Q: Why do the rays stop drawing after a while?
A: Each ray is exactly 3 times longer than the line that created it. This helps to keep the chart from getting cluttered with excessive rays, and, we'll, it helps ensure that old and dead rays don't continue on forever.
Q: Do the rays or lines move?
A: No, once a line or a ray appears, it remains there.
Q: The chart is not updating, what gives?
A: Due to the enormous amount of processing required to calculate these lines, our servers do crash from time to time. Bare with us, and it should begin to update again.
Q: What is the math involved in calculating these lines?
A: There is a lot of math involved, and it's all pretty much a secret. Sorry!
Q: Can I use these trendlines in MT4?
A: Not exactly. These trendlines were not built on MT4 programming code. However, we do generate some directional trade recommendations that can be output to file, which take the trendlines into account.
Q: Why not use candlesticks?
A: To avoid copyright issues with broker(s) who might figure that they own the appearance of a particular look of the candlesticks.
Q: Can I scroll back or zoom out?
A: Only with the full version, and there are some limitations to that.
#### THANKS FOR LOOKING AND RATING!! ####
These trendlines were created by www.automatictrendlines.com
http://www.automatictrendlines.com/F...actoryEuro.jpg
REFRESH THIS PAGE to update the above chart.
It is updated every minute.
I am giving away this trendline chart here for free with only a few conditions. You guys have to keep this trend alive, and you need to show some love with your votes!!
If this thread goes dead I'll delete the chart from the sever, so keep this alive (BECAUSE *I* WON'T), thanks!
What the colors mean:
GREEN = 1min trendlines.
BLUE = 5min trendlines.
ORANGE = 15min trendlines.
FUCHSIA = 1hr trendlines.
BROWN = Daily trendlines (not shown on this example chart).
_______________ <- solid lines = line, with start/end attached to price.
----------------- <- dashed lines = rays, that extend into the future.
Every ray begins with a line, and every line ends with a ray.
Questions and answers:
Q: Does the price react to the lines or to the rays or to both?
A: The price only can react to the rays, because only the rays extend into the future. The lines lag, and are only drawn onto the past after-the-fact.
Q: The price is touching a ray, does that mean I should buy or sell?
A: The price can react to rays as though they are: 1) Support/Resistance lines (meaning the price prefers to bounce off lines, or 2) Breakout points.
Q: The price just moved through a big pink line as though it wasn't even there, why?
A: Several reasons: 1) Trendlines appear slightly differently depending on the time frame of the chart. This is due to the fact that hourly charts are "slightly less specific" than 1min charts. Likewise, different brokers may have different appearances of trendlines. Nevertheless, if you see a pink line, it's likely to be "in that area" for pretty much everyone. However, don't expect everyone to see that same pink line with perfect single-pip accuracy. And 2) The trendline may have already been "broken through" in the past several times, thus the market is now mostly ignoring it.
Q: Why do the rays stop drawing after a while?
A: Each ray is exactly 3 times longer than the line that created it. This helps to keep the chart from getting cluttered with excessive rays, and, we'll, it helps ensure that old and dead rays don't continue on forever.
Q: Do the rays or lines move?
A: No, once a line or a ray appears, it remains there.
Q: The chart is not updating, what gives?
A: Due to the enormous amount of processing required to calculate these lines, our servers do crash from time to time. Bare with us, and it should begin to update again.
Q: What is the math involved in calculating these lines?
A: There is a lot of math involved, and it's all pretty much a secret. Sorry!
Q: Can I use these trendlines in MT4?
A: Not exactly. These trendlines were not built on MT4 programming code. However, we do generate some directional trade recommendations that can be output to file, which take the trendlines into account.
Q: Why not use candlesticks?
A: To avoid copyright issues with broker(s) who might figure that they own the appearance of a particular look of the candlesticks.
Q: Can I scroll back or zoom out?
A: Only with the full version, and there are some limitations to that.
#### THANKS FOR LOOKING AND RATING!! ####
These trendlines were created by www.automatictrendlines.com