Can anyone explain to me please about those lines..?
1) Based on high's and low's of the day right..? So if there's a new high or I new low I have to change those.. if you look on a 15M chart is one thing, if you go to the 4H chart you get highs and lows up to what date?
2) If it's daily.. you calculate this from where you are at midnight or it's the previous highs and lows from the previous day only?
I want to know when those lines are not valid anymore, if you date it back.. 1, 2, 3 days back?
Thanks everyone.
A
1) Based on high's and low's of the day right..? So if there's a new high or I new low I have to change those.. if you look on a 15M chart is one thing, if you go to the 4H chart you get highs and lows up to what date?
2) If it's daily.. you calculate this from where you are at midnight or it's the previous highs and lows from the previous day only?
I want to know when those lines are not valid anymore, if you date it back.. 1, 2, 3 days back?
Thanks everyone.
A