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PureBytes Links
Trading Reference Links
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Writeups
http://www.paritech.com.au/Trading/technical/PriceCharts/threeline.htm
http://www.linnsoft.com/welcome/charts.htm
http://www.traders.com/Documentation/FEEDbk_docs/Archive/1097/Abstracts_new/Arnold/Arnold.html
http://www.equis.com/free/taaz/3linebreak.html
Price Plot:
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By Default the Three Line Break Price Plot Style comes shipped with the program.
PricePlot. Use the Three Line Break Plot option for the Base Security's indicator Type.
Open a Chart and right-click the Base Security for its Properties.
On the Color/Style TAB, Click to select the Three Line Break for Plotting method
(the Price Style) and click OK.
A. Ms-manual p.122-Parameters
p. 123-Displaying
p. 503-Interpretation
B. Ms-Help
Help|Index|Three line break:
C. TA from A to Z book p.275-277 or for the electronic version:
http://www.equis.com/free/taaz/3linebreak.html
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
>From the TA from A to Z book:{shortened version}
Recommended is using the Three Line Break Charts in conjuction with Candlestick Charts.
Also recommended is starting out with Monthly compressed Charts.
Line Break Charts are always calculated based on the Closing Prices.
Therefore the Conditions are also on the Close.
The Conditions are:
First. If the Price exceeds the previous Line's High Price, a new White(Thin) Line is drawn.
Second. If the Price falls below the previous Line's Low Price, a new Black(Bold) Line is drawn.
If the Price does not rise nor fall below the previous Line, nothing is drawn.
Third. If a Rally is powerfull enough to form 3 consequtive White(Thin) Lines, then Price
must FALL below the lowest point of the last 3 White(Thin) Lines before
a new Black(Fat) Line is drawn.
Fourth. If a Sell-Off is powerfull enough to form 3 consequtive Black(Fat) Lines, then Price
must RISE below the lowest point of the last 3 Black(Bold) Lines before
a new White(Thin) Line is drawn.
Than start out with a Monthly Plot.
PricePlot. Use the Three Line Break Plot option for the Base Security's indicator Type.
Open a Chart and right-click the Base Security for its Properties.
On the Color/Style TAB, Click to select the Three Line Break for Plotting method
(the Price Style) and click OK.
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