Interesting concept. Looks like its able to show the trend most of the times.
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Dislikedema62 ................ Yellow
ema30 ................ Blue
ema5 ................ Red
Pivot lines
(and mid pivot for more content traders)Ignored
DislikedCan you please explain how to draw those blocks on excel thanksIgnored
DislikedThe concept of three line break chart is somewhat similar to point and figure chart. It looks like stairs. A new rising line is drawn if the closing price is higher than the previous one. A new falling line is drawn if the closing price is lower than the previous one.Ignored
DislikedSeems like the strategy is something like this.
Some traders buy when a green line appears after three adjacent red lines. Some traders sell when a red line appears after three adjacent green lines. Avoid trading trendless market when the lines change between green and red.Ignored
Dislikedema62 ................ Yellow
ema30 ................ Blue
ema5 ................ Red
Pivot lines
(and mid pivot for more content traders)Ignored
Dislikedema62 ................ Yellow
ema30 ................ Blue
ema5 ................ Red
Pivot lines
(and mid pivot for more content traders)Ignored