Wednesday, December 2, 2009
This is one of the reasons why I like the three line break charts. Here is a long term 3LB of the S&P 500 showing dates of the change in direction. The chart is independent of time. A new candle is drawn when the price targets are hit. That's why you can get a 1966-2009 chart on one page. You can also expand the chart by having bars repeat until a new bar is drawn. That helps the chart line up to the candlestick charts.
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Hi, I've been seeing your comments at Andy's, but I don't understand what I'm looking at here. Is there a reference that you'd recommend about 3LB?
ReplyDeleteJohn
ReplyDeleteSorry I missed your comment earlier. I first learned about three line break "3LB" from Steve Nison's book "Beyond Candlesticks". There are some online resources as well.