Fix different representations of trendlines on different timeframes
It came as a shock to me when I noticed that trendlines I drew on weekly charts were not accurate on lower timeframes at all. Even on the daily chart.
This happens despite the data up until the anker points has been loaded.
MT4/MT5 has a similar problem, but Tradingview seems to have found a solution for this, as it is not happening on their charts.
Here are some chartshots where you can see the inaccuracy of the trendlines on different timeframes:
Daily Chart, with Trendline drawn from H4 Chart:
Every trader who draws trendlines on weekly or daily charts should be aware of this, so please give this "Idea" your votes and share it with fellow traders.
And not only is it different places i notices that by comparing it with the other mentioned products, the currency price was the same but the trend line in this instance was 30 points away
Yes it really is throwing me off because after comparing Ctrader to Matastock and MT4 i realize that MT4 and Matastock has similar trendline. So now i'm not sure what i should do
Maria Rosa Asmar commented
I voted too. Calculation of the trendline must be improved including new algoritms changing of the distance between points for each timeframe
The problem is a loss of time in the charts. for instance at 23:00 is a loss of 5 minutes in the 1 minute chart. A week chart has of loss of much time.
Jan Zickerick commented
This is an image of the H4 Chart on Tradingview, with the same trendline drawn on the weekly chart.
I marked all the reactions off of the trendline which would have been missed on cTrader, so I would say this is an important issue to fix.