Classic action on today's DAX as it hits the monthly chart resistance level 18922 (purple);
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866DAX is more erratic than most asset classes which is why I tend to use the Renko chart which smooths price. I suspect the 10 second chart DAX would be almost impossible to make any sense of, probably work better for something like the UK FTSE.wojtek wrote: Sat Aug 31, 2024 7:39 am Thanks. It would be interesting to observe TF = S10 for DAX.
Perhaps there exists a properly working script / EA generating second charts(?)
By grouping ticks, I suppose.
I'm fairly certain this mladen TF converter works but needs a live chart (broker open hours) to work from. (goes in indicators folder)