CHARTS_QoneO

[TREND1]

Q
Will read later.
Right now the below is working fine.
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On page 71 there are rules for drawing trend lines by Trader Vic.
Drawing an up trend line
(1) Look for low and then high.
(2) Draw trend line from low to high with out using data beyond the high.(Important)
(3) Never cut a bar.( A must)
(4) Extend trend line past high, if needed. This may show a trend change.
(5) The slope of this trend line is a close approximation to the slope you would get
by doing a linear regression analysis on the price data over the same time period.