Registered User
Joined: 8/21/2005
Posts: 9
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Chart view timeframes: problem and question: I'm using Telechart gold and whether I pick a daily chart, or 2 day chart, for instance, it seems to give me a chart view over a month's timeframe. Even using the magnifying glass doesn't let me zoom to a shorter time frame.
I was using the daily view for NVAX, and could only drill down to a view that showed Oct in the left hand corner and at the right the column of the price range of a month - from 2.03 up to 5.65. NVAX hit a high earlier this week of 6.05 and the candldes display this but they show green, and BOP and liner regression price/vol. all confirm a bullish sentiment with no change despite the precipitous fall from 6.05 to under 4 for the last two days. If I had a true intraday chart in Telechart I feel that the indicators would have been more sensitive to the short term price. Am I doing something wrong or does Telechart gold not support a true intraday chart for a smaller and discrete time period of say 1 to 5 days? Thanks!
ps I asked this question on the TC Support channel and Crystal 1 left without answering me.
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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A daily chart on zoom 9 should show 19 bars of data...just slightly less than one month. That is the least number of bars you can drill down to with Gold service.
TeleChart Gold does not support intraday charts, other than the fact that you can download 20 minute delayed data anytime you want during the market day, and the last bar on your chart will show that day's action up to 20 minutes prior to the time you downloaded. All other bars will be daily bars on a daily bar chart.
As for the indicators, I can't speak to that. Indicators can show a bullish sentiment all day long, and price can still go down. Price obeys no one. It does what it wants. We like indicators to lead price, or at least to confirm the price action, but that doesn't always happen. There are times the indicators seem to say one thing, while price does quite the opposite. That's often referred to as a divergence.
- Doug
Teaching Online!
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