This would not be possible if there was no relationship between the time and price axes on the chart. Most traders fail to learn how important TIME is in relation to PRICE.
The most important requirement to do this successfully is in making sure there is a proper chart scaling method being implemented and that both the chart and tools are scaled correctly.
A chart that is properly scaled in this way will suddenly exhibit geometrical patterns and shapes that were not visible beforehand.
These boxes can be pulled endlessly to reveal macro/micro fractal movement trend reversals.
Keep in mind that due to the nature of this trading software and the lack of understanding by those who build it - it is not made to scale properly in understanding this key relation between p = t ^2. Therefor, whenever you move the chart and sizing around, you will have to redo everything.
The most important requirement to do this successfully is in making sure there is a proper chart scaling method being implemented and that both the chart and tools are scaled correctly.
A chart that is properly scaled in this way will suddenly exhibit geometrical patterns and shapes that were not visible beforehand.
These boxes can be pulled endlessly to reveal macro/micro fractal movement trend reversals.
Keep in mind that due to the nature of this trading software and the lack of understanding by those who build it - it is not made to scale properly in understanding this key relation between p = t ^2. Therefor, whenever you move the chart and sizing around, you will have to redo everything.
Note
Instead of turning on auto, you can "lock bars to price ratio" in the settings on the chart scaling tab.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.