balance lines

(demo)


line patterns








vague use.......1) Highlight (with a box) curved, balanced patterns; find a bunch of the more important ones.
somewhat
definite use,
several times...2) Check an area of these patterns for (0 - (infinity-1))-sort of interpattern comparisons between whatever (spikes and sides, logarithms, waves, etc.) separate them. Once one or a few of the patterns appear to center the rest of them in the chosen area, change the highlight.
definite use,
one...............3) Find anchor respectively on and for that one curved, balanced pattern. When draw line between the on and for, look on the ray from them so that the price-time line forms various shapes that are intersected and that logically progress and show 'age' for use of the line. Lots of lines get erased at this stage.
definite,
several...........4) The line(s) finally chosen need(s) to be reasoned from: Find other lines, if necessary at this point, that surround an area's various significant pivots enough to allow comparison of one pattern to another for direction from one line to another in the next step. Extra, minor lines may be drawn that depend on the last step's line(s) or a smaller area along the last step's line(s) to exist.
detail and
make a
definition
that'd increase
knowledge
of prt.............5) Read any of the noted several patterns that contrast to show price-time line direction. If possible, also find an extra line and/or pattern to put one's SL near.









Home of bsTL's made with one to a few candles : same-spread bar channels for closeup work, the TREND part of logarithmic cycles; (isolated) balance lines

09242010 copy proxy serves as a resistance -- a second shape copies a first, the first a pivot; crossed a TL from each copy's peak, dragged the crossover point so that the two TL's attached to it intersected significant barriers within the candles, and, bringing in a symmetric triangle - like shape horizontal and prior to the crossover point's location, figured the price the crossover point is at was a great resistance. 1

04212010
I found, through further listing of different types of lines, that pairs of types form different logarithmic cycles:
circle area - level {the original logr cycle}, repetition-screen, corner-isolate(d balance), 1s (one-sided balance) - vertical pivot, midline-segmented vert line - logr resolu, midline area - break, logarithmic area gridded - dot {logic dot}, condensed-logr, trend midline - trend centerline, pip line row break, fan -opp(osite-direction patterns), t-type level and vert trends (absent of a well-defined condensed-logr or other), and others
examples of use 1, 2, 3,4;

04062010
Balancing with trend centerlines -- messy, logical





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I kinda lost my way about balance lines. Initially, a short thread of a balance line severely ordered a huge, perfect space to go one way, and it gladly did. Impressed me like anything.
In this picture, everything tilted on the left and right of the first high-spread bar; the second area aligned was perfect and the tension decided before and fell immediately afterward.

That's the extreme. Small, average and large spread patterns are next in strength, being over candlesticks only in an immediately understandable way.

Usually, though, weaker bsTL's order candlesticks' transitions at the same effective strength as candlesticks:







...........................................................................
Following is the rest of 'balance lines' thread inclusions:
_________________

summary of the 'balance lines' thread

Balance lines serve as the balance for a particular area; they also tend to select patterns that are in a kind of middle or either side of them.
(Note: I abbreviate one-pip-spread bars as '1psb's' or 'pip lines'. Also, consecutively-made pip lines are in medium spring green, and when they're made like this, exceptions are in teal; and, widths may vary based on their relative effectiveness, presumed or real.)

What does balance and is balanced:

post#____name________________________area type

1,2,7___ a lot of 1(-2)psb's in a row________the larger area after them

1______deviations used with 1psb's________for several areas

2______one-pip-spread bars_____________a rise with lots of disturbances

3,4,10-2_bar channels___________________'close-up work', which idea evolved into the same-spread bar channels approach and went with the logarithmic cycles approach

3,4_____midlines______________________average-spread pattern

5______bunches with 1psb's at center______average-spread pattern

6______isolated balance line_____________minor portion of a very large area, or rather several disparate areas now tied together

7______horizontal 1psb's; their deviations___runs and their settle areas

8______trend centerlines: right-angle lines___short trends at a right angle to each other

8,13____bar channels____________________a good explanation of how to make a bar channel, the second dealing with two bar channels and how one latter bar channel takes over for the former, and the first dealing with the longterm effect of one bar channel

9______isolated balance line, minor use____30+-spread bars approach to explaining areas between them in a series

12_____trend centerlines, intermidline TL's__small areas, occasionally used when common sense shows it useful

13_____balance lines, crossover point for___consecutive drops with a relatively flat area between them

________________________

A definition of balance lines is below:

Balance lines draw a trendline, magnet on high, between two one-pip bars.

In the pictures below, green lines are drawn between consecutive one-pip bars and teal lines between the first and last of several one-pip bars in a row. Ignore the multiple parallel lines, the white line and the uppermost green line (which I'll clean later):


1

2

In this example, balance lines replace the Gann Fan. Several months ago, I posted in a VSA thread a pair of balance lines that projected a huge jump. Thus, balance lines, with the help of other types of spread trendlines, have several purposes. Point is, they, for my research, once again lead my method in projective ability.

Of course, applying a trendline to each of all pairs of one-pip bars gets http://i44.tinypic.com/k9yi4p.jpg . Plus, after this, the only decent lines came from the big drop or from one-pip bars that ended trends and the line's effectiveness. http://i41.tinypic.com/1z3qqon.jpg .

So, a lot of discretion and practice are needed. I'll suggest better places to put them, such as the few pictures above.

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Part of the bsTL microverse: Overview, patterns (or, those with fewer or more candles), TF use, trading. (And its future: automatic; precise.)

A use: Using nothing more than consecutive balance lines drawn from each one-pip bar, the first line travelled a trend and then the next such line, 45-90-degree from it, begins the next trend. This happens half a dozen times in a row in the picture below. Such an occurence seems to happen in somewhat recognizable areas; however, I'm unsure exactly when. This was a Monday afternoon, when one-pip bars begin to show somewhat regularly only not like in the Asian session. The appearance, I'd say, strongly coincides with the consecutive turn calls. A lot of dots began to appear after that last turn, which was at about 4 pm EST, when the US stock market closes.

While these aren't balance lines, and are kind of an ordinary use of trendlines, it seems worth presenting. These do involve balancing, for average-spread, randomly-mixed candles.
Here's a simple juxtaposition of doji groups, support/resistance and centering lines, and midlines only for the entire span of the area, used in a slightly different way:

Added a red shift (two sets of examples in picture), to go from one set of midline - doji bunch confirm to another set:



This closes the method in on being repeatable.

With attention only to the yellow lines,the white lines from a basing/average-spread pattern and the other lines from older small-spread patterns projecting into the large run just ended, here's (yellow lines) using central low-spread bars within bunched-together areas, which serve doji-and-midline areas; only, I tried midlines for a while and they failed. Connecting the bars noted did work:

The dojis-and-midlines, or average-spread pattern and bunches, is a very localized concern, one in the terms of balance or balance lines.
Another idea that acts like a balance line is of, usually, one-pip-spread bars that are isolated in space. A name, perhaps, is isolated balance lines. These types of TL's happen in a far wider area.

These types of balance lines act like super-big-spread bars' TL crossover that is carried to different significant pivots: They then connect to a multitude of other pivots, channels, etc.
Moreover, connecting two of them often explains turns not otherwise done so. In the picture of g/u gmt+2 1' below, I draw a TL ray between the 10122009 2209 and 10142009 0943 1psb's.
The character of each isolated small/one-pip-spread bar (so far, only 1psb's) matters, of course. The first noted 1psb is at the turn of a pivot which, locally, connects to a few 2psb's that also are at the turn of a pivot, with a decent-sized, rounded gap between them. The second noted 1psb is maximally isolated from the regular, locally rather straight trend, aligning with a far-away minor peak before it and the middle of a decent run just after it. The first isolated bar seems more anchoring, the second purely, in the nonlocalized sense, isolated and thus a good bar to run an isolated balance line through.
There are a few minor isolated bars on either side of these, only none with as distinguished characteristics; also, a bit of trial and error plays in, working to get the next pivot explained.
The pivot explained is at 10162009 1005; the isolated balance line described in detail above hits just below this bar, at 1.6251, which only one pip below the bar. I'd tried other, more localized bars, and this isolated balance bar worked the best.
0943 to 1048 of 10152009 area has a pattern that midlines several times around this isolated balance line, the pattern being just above another isolated bar at 0911.
(Sometimes, I won't give pictures of isolated balance lines; the bars are so far apart and only of one pip, it seemed okay to skip this step for verbal description only.)

Horizontal line (segments):
(dot) logic dot from midlined balance areas
(short line) positioned sides (including patterns in middle or on either side of a TL, such as balance lines)
(medium line) hyperdot
(long line) midlined balance areas
((infinite) line) round numbers



approach:

horizontal lines --
(medium line) hyperdot
((infinite) line) round numbers

Within extremely-low volume areas, drew TL rays between consecutive 1-2 (3, only if a doji) pip spread bars, doji only the body. I also drew dashed vertical lines to boundary each areas, and set the magnet on high. I don't cross the areas' boundaries to make TL's between 1-2psb's, nor use a boundary bar.
For volume, I used VSA Teacher Volume, which averages each volume bar over time; for 'extremely-low', I used areas more at or below 4.2404 on the g/u, with those bars above only being one unit above, or 2-3 above if the size of the area is bigger.
Finally, I ignored areas failing to be in a horizontal line segment, and instead part of an angled pattern or other.

Results were promising.






From here, I highlighted an unusual pattern in two of the areas to make a small-spread pattern with. Then, I drew all TL's of the above nature between these two areas, thus making an exception to the no-boundary-crossing-bar-TL's rule.








It's an incredible number of TL's, yes. View each set of TL's as a whole -- note the time separations and different colors -- and also as losing effectiveness after a while, and you can ignore most lines per small chart area.

The Indian Red lines, that is, the small-spread pattern and any lines of the above nature within its boundaries, delineate the major run's boundaries; and, the sea green pip lines after it do a baseline to do midlines from for the entire major run's inside.

Before the small-spread pattern shown, a larger version of the entire major run was boundaried and the area immediately after the major run was sketched a little, with another small-spread pattern.
Two before -- dividing one chart per far-apart small-spread pattern -- was a few very small, well-place trends delineated.
No pictures on these areas; the pictures above show a logical progression of where the lines fill in, and these two small-spread-pattern-separated areas merely follow the logical progression.

types of lines new to the bar channel category:

1) right angle lines

These lines are justified to being in the bar channel, that is, the bar spread TL's, group through their contrast, which is, here, the opposite of a flat, similar to a horizontal, price-time line, and through small-spread bar TL's creating them.
In the areas before the major trend began to be delineated, and also in various places along the hyperdot area, an unusual 315-degree line (using Trendline by Angle device, the lines here in deep sky blue) was demarcated versus a simple 45-degree line near the top of an apparent channel happening; the 315-degree line, ninety degrees south of the 45-degree line, exactly sketched through the next (down)trend there.
(continued from last post) 1,2,3,4.

2) bar repetition lines

These lines are justified to being in the bar channel group through supporting the notion of low-spread horizontal line segment areas. Their effect can last an extremely long time, 1'TF-wise, at least if connected with major news. The example includes major-news proximity; the example's inclusion of news proximity helps delineate how long to use the lines. 1,2.

-- longterm use of the line:
1,2,3,4. Picture 4 has a first major news item after the one attached to the bar repetition line.
5,6,7:
In picture 5, a minor deviation line is supported, evidence of the effect of the first major news item after the one attached to the bar repetition line.
In 6, the original line is surrounded, not used as resistance, even centering resistance;
and, in 7, localized s/r begins, though the minor deviation line is still supported.

8,9,10:
In 8, where a second big news follows the first after the line-originating, only the minor deviation line noted, that is, the effect of the first major news after the originating line's, is left of the bar repetition line.
In 9, there is continued use of the minor deviation line and an extra minor deviation line is added.
In 10, a third major news after the bar repetition line - originating news jars any use of the repetition line, which in another picture jars the minor deviation line use, another picture after that does a midline of the first minor deviation line (21-2 gmt+2 1005-62009) and thus reduces utility of the original line, the bar repetition line, to almost nothing.
Continued use is recommended, however, because on 4-7 gmt+2 10152009, the original line, the bar repetition line, is used heavily, after which price rises above the bar repetition line and stays there, ending the week.



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Bar repetition lines are really a particular type of small-spread bar spread TL pattern, or a small-spread pattern. Their effectiveness here is due to a high-spread pattern right after it, and another small-spread pattern right in the middle of the high-spread pattern that repeats in the middle of the 'bar repetition line' being formed.

Right-angle lines remind me of trend centerlines, where you draw a midline through the length of a reasonably straight trend and/or as an extension of the trend, with the midpoint at the top and the endpoint at the bottom of that trend.

Another example of isolated balance line, from post #6's idea; this one has more symmetry to either side of it, and seems to fit in with average-spread patterns:

Another example, compared to posts #3 and 4, of candles patterning around the type of spread pattern in that area, is the chaining of same-spread candles from a counterbalancing small-spread pattern.


first idea is simpler than the above, and is A bunch of spinning tops and similar converge at a single area, and price midlines above and below it; it does this again, and then price takes off.

Oh yeah, bsTLs' origins:


and result of the 'solid' compromising the two areas before it;
also, with the bsTL that goes with the 'solid':

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Later, another similar idea, same-spread-candle chaining, which works well with the bsTL's involved:

more detail:

... and the bsTL's, which attach to the 1psb's in the middle:

This inconclusively shows that a bsTL pattern is imitated and continued in the pattern of single candles that follow it, which brings continuity of form to the bsTL method at a small-scale level. If use this as a given, then other bsTL patterns, especially those of a different spread type, have their own special patterns of differeently-spread candles to each one, in an intuitively logical way.

Another example, in one picture; the yellow lines are the bsTL and the dark green lines at the lower right, the same-spread-candles approach.


(Not in picture: Price takes off to double blue lines in far lower right side, about 5' after right edge of chart shown. Here. )

Addition to same-spread bar channels approach to closeup work: Opposing-direction shadows (lawn green TL's) esp. doji, for turns, significant pivots and bunches (deep sky blue rectangle).
(I'm trying to be careful adding different objects to closeup work, so that it stays consistent with the balance line / bar channel methodology, which, upon reflection, is in posts #3,4,5,10 and 11, as well as some of the trend centerline ideas, which I haven't covered thoroughly enough yet.)



Upon further study, same-spread channels have some exceptions that prove interesting. Several separate pairs of opposing-direction shadows esp. doji that occur in a horizontal row in a small area (not a bunch) tend to form a temporary s/r line; so do spinning tops in the same circumstance. It also works for close, nonhorizontal ones of each, with more varied results.

Small-spread patterns and balance lines find their home with these creatures. Ss patterns take care of small-spread, all-body bars, including 1psb's. Isolated balance lines do the same.

Bars with most of their spread in the body, not the shadow, and are large, that pair with the next sequential one, string the price-time line along nicely. Exceptions are especially are two of these bars nearly horizontal of each other, one of them paired with another of significantly different length, one of them paired with a candle that is nearly the same spread width and almost all shadow, and one of them with the same and then another one with even more shadow. These four relay a turn there or a heavy turn in the works.

Balance lines link large-spread bars with spinning tops or, considering the situation with the rest of the area that conditions how to view the large-spread bar's effect, similar, to represent a large trend run or gap drop in the price-time line. I suppose an all-body large-spread bar with a 1psb or spinning top'd also relay a turn there or a heavy turn in the works, although bars of this magnitude seem to have unfinished runs and thus may connect with the body's limit of the next bar or more.


An example of same-spread channel use, as described:
1 2 3 4

Trend centerlines, when used, finishes continuity for the rest of the bar channels. No matter what the spread of any bar within it, a trend gets a midline across its length and a horizontal line segment is drawn from the midpoint of the midline. There are varieties of this, such as putting a TL at the top and bottom of the trend's midline, drawing the entire trend to the midpoint of a midline, and drawing a ninety-degree angled TL to the trend's angle. (Usually in deep sky blue on my charts.)

With this proposed continuity, all bar channels gain a sense of TL's with ingress and egress of its effectiveness, with the help of midlines and, below, trend centerlines. Thus, the following (pardon the mess):

Here's a useful addendum to closeup work, that of an intertrend spread pattern:

1) One makes the overgeneralization that high-spread bars tend to produce trends and low-spread bars tend to produce sideways areas.
2) Look at a logarithmic cycle's several trends one is making trend centerlines for. Examine each trend a break in the trend, where the trend gets wider. Choose one, preferring the one in the middle of the trend. Highlight each area with a rectangle.
3) In each wide spot in the trends, find an unusual pair of candles (since this type of bar is needed now) of one of the types one is always looking for with the same-spread bar channels approach, such as the high-spread candles matching or of differing height, low-spread candles such as a pair of spinning tops or opposing doji, or even mid-spread candles if they're the same height and with no shadow or a similar unusuality. Draw each pair together, as usual, it being easiest to find one pair a wide spot in a trend.
4) Make a spread pattern (in white or grey) that connects the wide spots' unusual candles. This spread pattern won't last long, so short line segments are a must to avoid confusion.
5) Add an object, that of a thin, deep sky blue trend centerline that always runs through the middle of an actual trend the main trend centerline (which is twice as wide as the thin one) uses to find the midline attached to this trend.




Most of the time, a trend has more than one or an extensive break, reducing the effectiveness of the idea above.
The general procedure stands, however: Some kind of useful TL will appear. Another denotes the high for a couple of trends:



A complex variety, logical to get:

The idea of balance lines connect places of balance. One place is spinning tops, especially with a one-pip body.

If there is no news, there more often is no one bar that one can count on for a bar channel. So, what do you do? An answer is to put a TL ray from each spinning top representing a bounce in and around the drop -- thus, drop tops -- and carry them as a crossover point to the last significant bar in the logarithmic curve.

Logarithmic curve? Well, observation is key. Also, making a logarithmic cycle may identify where to go, suggesting its dot.

The example has one older drop refer to and be replaced by a newer one, thus establishing precedence within the use of these types of spread patterns.

1) I looked and saw there was a drop before the current one, and wanted to see what effect it had on now. The bar with the white arrow above it seemed like a good place to start.





2) I got into the last drop, finding several spinning tops.



3) Eventually, I found an interesting small-spread pattern, so I went ahead and drew a TL off it. It reached the peak already there, after the drop's (logarithmic) area was done.
There were a bunch of spinning tops under this line, plus other elective bars. I finally chose the first spinning top after the small-spread pattern, since the latter appeared to sum up the logarithmic action of the drop until then, and the former seemed to denote the center of the small area and thus all the other elective bars after it and before the run to the peak.



4) I drew a TL ray from each of the spinning tops noted that were before the small-spread pattern and connected them into a sort of crossover point. Then I put the crossover point onto the middle of the spinning top that lay right after the small-spread pattern.
This crossover point - like bar channel created an array of pivots amongst the price-time line before and a little within the current drop. It faded in utility exactly where the current drop faded in actuality.





5) Finally, I drew in the current spread pattern. It was a more severe drop, so I was able to represent turns after the drop more cleanly; conversely, I felt I had to change the formula a bit and use a one-pip-spread bar on occasion, when the 1psb seemed to act like a spinning top rather than the usual no-direction bar. More variety lay in there being larger and smaller spinning tops.

.

Another close-up approach is using a dividing line, taken from another post of mine and presented with another example:

S/r lines are the purest expression of pairs, that is, of two currencies vying for one ratio of a price, and thus increase a technical study's realism.

an alt def'n of an s/r line, which ties together the condensed-logr and logr cycle ideas:
1,2,3,4,5

The condensed-logr s/r line's logr, which is above the s/r line, has lots of frames in it to form its logr. Frames are midline-ish, thus gridlike, and thus, according to my understanding, 'localizing' of energy. Below the line, balance happens in at least the one small, obvious pattern in the second picture; only, frames once again show they rule when price turns on the midline that sits around the (pocket-of-energy) s/r line and ends at the top of the frames. Price turns and runs to the pocket-of-energy s/r line, of course; only, when it gets there, it expresses the pocket of energy with two condensed patterns which resemble condensed -symmetric below and logr above.

Normally, a condensed-logr is returned to and acts as a midline for the price-time line. Only this time, price has first localized on an area hashed with frames and at the same time been given a lot of energy from a logr built within that area, in the first picture. The pocket-of-energy s/r line has made a critical difference that makes the condensed-logr be a kind of dot to the area above the s/r line' being like a logr cycle and thus finally a level with the dot.

The traditional condensed-logr is wispily formed into the two shapes, energy absorbed around the s/r line and the condensation being more important as a solid end (as with logr cycles' level-dot) to the logr above the s/r line. Balance below the line now surrounds the line (pic 2), and nothing except the TL-expressed energy - release pathway from the logr's frames guide (pic 3) a free-going price into the longer-term 15' TF lines (pic 4).

Actually, that was wrong, except in the immediate, tradeable sense. Price does return, only much later -- one month later, in fact -- in the form of, you guessed it, a frame, one on a much bigger scale this time. Put a horizontal line on the 4h TF where the pocket-of-energy s/r line is, and you'll see, with the level where price intersects the 15'TF line in pic 4, more important patterns happen in reaction further on the 4h TF, such as at 06.4.21 00:00 (pic 5).

In summary, one can find when price breaks down from being on proposed s/r lines in a range of use
from condensed-logr serving as a midline
to expanded condensed-logr along the s/r
to logr cycles producing a horizontal line from the dot.
Shape lines (a newer portion of my trading, which'd now go with s/r lines and their balances' break in a form within the above range of use) tend to skew along the path of expanded energy (which is how I define TL's) that the (range of types of a) break from the s/r line range produces.

It's often difficult to figure the progress along a TL or between various TL's. An s/r uses one price level, and this attendant expression of balance it provides to,with my own chart studies as an example, the 15' and 1' TLs' shape lines (combines these ideas -- circle, triangle, square; repetition, opposition; trendline, midline, deviation line, midpoint line, trend centerline) to trace momentum ('logarithm') energy.

This idea could be used to enhance 00-50 lines, in that price often balances around them; anyhow, it provides another way to select s/r lines than daily averages etc.

Another, much looser and still valid use of the s/r breaks approach: 1,2. Look at the first example above: In the second picture, a balance pattern (looks like an 'N') just right of center helps align the end of the area at the top of the sharp run on the right edge of that same picture. In this example, there's not a pronounced division of logr above and balance below; rather, there are several balance patterns, and the one highlighted in this example's first picture decides the midline for the turn.
Of course, there are also pure forms of c-l's and l.c.'s in the range, which I think I've done examples of in other posts.

(revised)

Another close-up approach (shapes and lines example) --

shapes: The two blue boxes on the left are opposing patterns, from which the solid lines are made. A lot of balance, rather than the tip of a candle or candles' shadow, of groups of candles on either side of the two points a TL is anchored on, are used.
lines: The dashed lines track each pivot's two trends' respective angles, with some or extra lines drawn to combine the angles of several or several minor pivots. Some of these lines are rays or longer, the price-time line tracing it later on.




















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line patterns, an ongoing demo project to find my own TL's/candles chart study

type 4
Using lines and shapes (this post), which involves either lines that are separate and the patterns with each only functionally repeated or lines that serve the other lines in opposite directions when the patterns are at least in form and function repeated;

1
there also being dot (bsTL's, pip lines),
which only involves a trend for the TL to be drawn;

2
dot and line (one, usually, of this: a straight trend and another such trend ninety degrees from it),
which only involves a midline for the TL to be drawn;

3
line (lots of TL's of this description: a pattern that balances around one line and then a midline ninety degrees to that line and in a trend the TL finds its second point at; there being also trend centerlines and trend-centerline midlines, and shape-area lines),
which involves TL, midline, close or a series of TL's made from the type;

5
and, shape (cl's/lc's, in the last post), which involves shapes enough for price to turn solely on their appearance in this type of line pattern's area of effect.

Here's a complex version of the line patterns approach (recall, demo):

really?

Welcome to the thread.

Give me time, it'll be explained once I get it.

Simpler:

template (EST) and detailed chart pictures

and my last word (yellow (runs) and dark blue (symtri's) boxes and the one dotted line between them, ONLY) -- my first post exploring this approach to drawing TL's fits in one method of drawing them, at last




Lots of practice, which'll borrow minutely from old material, of the method above. Likely will be difficult going, still, for a while. Anyhow, a steppingstone for me.