|
PureBytes Links
Trading Reference Links
|
Michael:
>I charted a stock and determined the angle of a trendline. Then I
>multiplied by 10 the stock data, and the same trendline --that is,
>connecting the same two high bars--produces a different angle.
>
>What does this say about trendlines?
It says only that the angle isn't as significant as the slope. The
slope between two points will be the same no matter how your chart is
displayed (but if you multiply all your data by 10, the slope will be
multiplied by 10 also).
-Alex
|