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Comparing 4H to Daily Charts |
Compare the 4H chart to a daily chart and see what the two tell us using A/D:
These observations seem to imply that the 2 indicators (one daily, one 4 hourly) give contradictory information. The daily misses stops and pauses through out the day that could clue one into the trading dynamic of a rally. If there is high volume on candles that have shapes that imply bulls and bears are wrestling for control (see the highlighted boxes below) then it will change the A/D line. On the daily, they may be glossed over.
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