Parabolic trendlines |
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kneighbour
Regular Joined: 12 Feb 2005 Location: Australia Posts: 57 |
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Topic: Parabolic trendlines Posted: 08 Mar 2005 at 10:08am |
I seem to have read somewhere that Bullcharts can claim to being one of the only programs in the world to be able to draw parabolic trendlines. Is this so? I ask as my very last trade turned out to be just one of these things - I bought at the very top of the parabola - not knowing what was going on, and only by accident I looked at the larger picture and saw it. I want to document this failed trade as it is a great learning experience. I tried to draw a parabolic trendline, but could not get it to come even close. Is there some trick to it?? Should I read the help? BTW - the stock in question is KZL if you are interested in having a look. |
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Peter
BullCharts Staff Joined: 09 Sep 2004 Location: Australia Posts: 241 |
Post Options Quote Reply Posted: 08 Mar 2005 at 3:13pm |
kneighbour
Regular Joined: 12 Feb 2005 Location: Australia Posts: 57 |
Post Options Quote Reply Posted: 08 Mar 2005 at 6:29pm |
I noticed! And frankly, I still cannot get it to work. Well, I can draw the parabola ok - but it never seems to connect the points I want to connect. This is more a mathematical problem that a software one, I think. The points in question simply do not line on a nice clean parabola. It is a curve that rises geometrically, but that does not mean that it is parabolic. |
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