New Tool : UPTRENDS / DOWNTRENDS TREND CHANNELS
Posted: Mon Sep 28, 2015 4:38 am
Dear Steema,
We require one tool named as Trend Channel.
UPTRENDS / DOWNTRENDS TREND CHANNELS - Uptrend lines are drawn between a minimum of two low points on the chart whilst
downtrend lines are drawn between two high points. The more often the line is tested the more valid the line becomes for support or resistance. Copying an Uptrend line and runrting this off a significant high or copying a Downtrend line and running this off a Significant low will provide a parallel trend channel.
We require one tool named as Trend Channel.
UPTRENDS / DOWNTRENDS TREND CHANNELS - Uptrend lines are drawn between a minimum of two low points on the chart whilst
downtrend lines are drawn between two high points. The more often the line is tested the more valid the line becomes for support or resistance. Copying an Uptrend line and runrting this off a significant high or copying a Downtrend line and running this off a Significant low will provide a parallel trend channel.