I received an e-mail question regarding timeframes and session times for my ES analysis. I decided to post the answer here so everyone can read it. In the future, if you are a member of this forum and have a question that may benefit all, post it here so everyone can see the answer.
For my ES analysis I do it 'top down', so I start with the weekly, then do a daily, a 60-min, a 13-min, and then I do a 3-min which I update the night before, and on the fly during the day. All these are RTH. Then I do a 60-min GLOBEX chart. In QCharts I can then switch timeframes in seconds and see how this looks on the 13 and 3-min, with all the lines and such retained. I am looking for things that don't show up on RTH. I also do one or two higher tick charts, to take into account all the data, but not have the 'illiquidity skew' you will see with an all sessions GLOBEX time chart. I need all this so that I can get an overview of all the things that may come into play. It's more work, but it is necessary for me in my opinion.
BB
BBJ
Rep: 100
Posts: 129
"In QCharts I can then switch timeframes in seconds and see how this looks on the 13 and 3-min, with all the lines and such retained."
Jim, I can do the same in Neoticker. But when I switch down to lower timeframes the anchor points of the Medianlines are no longer at the highest high/lowest low.
Is this the same in Qcharts ? How do you handle this ?
Jim, I can do the same in Neoticker. But when I switch down to lower timeframes the anchor points of the Medianlines are no longer at the highest high/lowest low.
Is this the same in Qcharts ? How do you handle this ?
JI
jimkane
Rep: 3,058
Posts: 33,089
That's one of the reasons why I can't use Neo. QCharts automatically keeps the level from the initial timeframe, so I don't have to do anything and it does the right thing for me. It does do this by price level, though, and the time coordinate from the initial timeframe, so on lower timeframes the anchor points may be off from the exteme, left to right, because the lower timeframe extreme will be slightly different in placement than the higher timeframe exteme. I can either just leave it this way (mostly I do, since the difference is very nominal, and it is lined up as it should be based on the higher timeframe), or I can adjust the anchors for the new extremes, in which case when I go back to high it will look exactly correct, and when I go back lower, it will be exactly correct. Either way, QCharts just does the right thing for me without any effort on my part.