Why is TradePoint and RZone preferred for our analysis?

Our analysis is predominantly done on Log-brick charts, which are available on Definedge Securities' platforms - TradePoint and Rzone. When analysing the higher timeframe on noiseless charting methods such as Point & Figure and Renko, Log-brick charts allow for a more accurate analysis.

While TradingView has recently introduced noiseless charts, they currently offer LTP% charts and not Log-brick charts. This makes them less suitable for the higher timeframe analysis, as the accuracy and structural logic differ from the one used in our methodology. Using LTP% results in inconsistent price pattern when compared to Log-brick charts. 

For example, observe the chart below of Nifty 50 on 0.25% (Daily) on RZone and TradingView. Log-brick box value is used on RZone and LTP% is used on TradingView. Point 1 on RZone chart show a simple bearish swing breakout with 3 green bricks in the bullish pullback. The same is marked as Point 1 on TradingView. Observe that the pattern formed on TradingView has 4 green bricks in the bullish pullback. At Point 2 on RZone chart, shows a Zig-Zag pattern but the same is plotted as a 'M' pattern on the TradingView chart. Similarly, compare the number of bricks at point 3 on both the charts. 

RZone chart

TradingView chart

For Point & Figure charts as well, the patterns can vary. Observe the Point & Figure charts below of Nifty 50 on 0.25% (Daily) on TradePoint and TradingView. Log-brick box value is used on TradePoint and LTP% is used on TradingView. On TradePoint charts, point 1 shows a simple bearish column reversal but the TradingView chart shows a Bull trap pattern. Point 2 on TradePoint chart shows a bullish column reversal but the TradingView chart shows a Double Top Buy pattern. Similarly, point 3 and 4 on both the charts show a different pattern. 

TradePoint

TradingView

The real difference is seen in charts of stocks on bigger box size such as 3% (Daily). This box size is used for investment. The chart below is of DIXON on 3% (Daily). Log-brick value is used on RZone chart and LTP% is used on TradingView chart. Both the charts show the price patterns formed from 2017 till 2025. Observe the number of patterns formed on RZone chart versus on TradingView chart. This inconsistency exists because LTP% method not only plots the current price movements based on the Last Traded Price, but also the historical price movements. 

RZone

TradingView

On 1% charts as well, the patterns plotted on TradingView and RZone differ. The Point & Figure charts below are of RELIANCE on 1% on RZone and TradingView. The RZone charts show the price movement from November 2019 till March 2025 and the TradingView chart shows the price movement since the stocks listing. Observe the number of patterns that form even though the RZone chart shows relatively shorter period. 

RZone

TradingView

Using LTP% poses an issue when used on higher timeframes especially on Point & Figure charts where the patterns formed vary. 

Below is a link to a YouTube Video clip where Log-brick v/s LTP % box sizes are explained in detail: 
https://www.youtube.com/watch?t=1044&v=NIa23DJDt58

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