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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: bdog who wrote (19602)7/19/1998 11:35:00 PM
From: Doug R  Read Replies (3) of 79284
 
Boundandeterminedog,

The solution I came up with for getting exact with lines is similar to yours but I leave the Y axis intact. I select as few days as practical when loading the chart and zoom a gazillion and a half times. If the zoom does not hold both dates in question on the same screen (ie. no scrolling allowed), I hit the first day with the line tool and go back to a 1:1 chart. Then I zoom the same amount of times on the second day in question, reinitiate the line drawing tool and hit the second point for the line. It works very well for me. When you PM'd me that you saw that the lines converged you were so adamant about it that I chose not to argue with you (in other words, I ignored you) . You see, I had already talked Milesof through the process and we both came up with parallel lines. Try the zoom like hell, hit the line, unzoom and zoom in on the 2nd point to hit the line again method. It works for Miles and me. I'm glad you persisted though and found a way to get more accurate lines.

An autodraw feature would be great but I know of only one TA program that does that and it's only written for Macs. I don't remember the name offhand. It requires a data reformat using a utility called Stocker.

Also, re the ML...the ML is a longer term version of the IL and I often construct it using monthly closes. It's not supposed to jive with the IL since the IL is short to intermediate term in nature.

The mini-ILs are for position trading targets only. They too are not intended to jive with the IL.

Doug R
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