DislikedOriginally Posted by Sohocool http://cdn.forexfactory.com/images/buttons/viewpost.gif
Hi All ,
Another function of Chikou is to calculate the target profit.
the above line is the highest price = 1.4008.
the crossing line is = 1.3934
the difference: 1.4008-1.3934 = 74 pips
the estimed target is 1.3934 -0.0074 =1.3860
[i][size=3]the...Ignored
I hope with this new chart you can more understand.
Don' t forget :CHIKOU SPAN is CURRENT CLOSING PRICE time-shifted backwards (into the past) 26 periods.
Regards.
KISS&V :Keep it simple safe & visual