Trend Lines which Chart

timsk

Legendary member
7,578 2,357
Hi Ristoril,
The answer to your question rather depends on what you mean by 'best'.

In terms of trend lines that are very easy to see and draw - especially support and resistance lines - then a non-time based chart is the way to go, such as Point & Figure or Renko chart. This is just my personal view, but I would recommend all newbies start on those charts for this reason and because they enable the analyst to focus more clearly on trend, S&R and supply and demand, without going down numerous cul-de-sacs overthinking the significance of doji's, bozos and hikkake patterns etc.

Between Renko and P&F, I'd say start with Renko as it's simple to understand and use. P&F can get very complicated and lead one astray down the avenue of paralysis of analysis. Others will take the opposite view of course - which is equally valid (or invalid).
Tim.
 
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