Log vs Linear parallel channel comparison
On the left is the log chart with parallel channels.
Notice the price just wicked close to the bottom of the main up channel and the bottom of the current down channel for LTF
On the right is the linear chart with parallel channels.
Notice the 11-12k candles rejected off the centre of the main up channel and we are below the centre of the current down channel for LTF
it's a bit basic and the channels might not be accurate depending on TF viewed and if you want to include candle bodies or wicks but it will give you an idea.
Notice the price just wicked close to the bottom of the main up channel and the bottom of the current down channel for LTF
On the right is the linear chart with parallel channels.
Notice the 11-12k candles rejected off the centre of the main up channel and we are below the centre of the current down channel for LTF
it's a bit basic and the channels might not be accurate depending on TF viewed and if you want to include candle bodies or wicks but it will give you an idea.
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