This trend line system takes into account the last top growth spike with respect to the bottom in price. This is located simply by finding the last highest and and lowest price in relation to each other at the most current timeframe. Along with an average between the two and a potential indicator for a dump and a pump are averaged in! This is in no means a final solution but I have found this trend system to be very accurate! The variation of the trend average depends on the direction of the market so if the market is in a downtrend the average trend line will be placed on top pointing down and the color lines get overlaped!
Anyone can map these trends by hand and get a good feel of the market!
As the market progresses you can just move the lines to the center point of the front of the market to get a good idea on the next few hours of trend. The lines can be moved at any time and adjustments are needed in respect to the average top and bottom however in a bull market you will only be changing the tops most often and in a bear market the bottom will get relocated more often given yet another indicator of the market trends!
Anyone can map these trends by hand and get a good feel of the market!
As the market progresses you can just move the lines to the center point of the front of the market to get a good idea on the next few hours of trend. The lines can be moved at any time and adjustments are needed in respect to the average top and bottom however in a bull market you will only be changing the tops most often and in a bear market the bottom will get relocated more often given yet another indicator of the market trends!
Kommentera:
I got chastised for this chart so lets watch it play out in all its splendor.