Rank: Newbie
Groups: Registered, Registered Users
Joined: 1/14/2008(UTC)
Posts: 1
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HI,
I AM NEW TO THIS POST AND A USER OF METASTOCK...I WANT SOME GUIDANCE FROM MASTERS HERE AS TO HOW TO DRAW A VALID AND PERFECT TRENDLINE AND HOW TO MARK SUPPORT AND RESISTANCE LINES IN CANDLESTICK CHARTS...AS PER JOHN MURPHYS BOOK TECHNICAL ANALYSIS OF FINANCIAL MKTS A VALID TRENDLINE HAS TO CONNECT 3 LOWS (UPTREND)...SHOULD THESE BE PIVOT POINTS AND HOW CAN WE RECOGNISE A PIVOT?KINDLY REPLY...
THANKS..SABBY
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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Trendlines are like beauty - all in the eye of the beholder.
You might look at some of the addons Equis sells and then get some feedback on the forum before purchasing.
I have done some stuff using the Zig function.
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