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Demark Trend Lines
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=65278
Forum: 48 · Topic 65278 · 1 post(s)
Demark Trend Lines
Alexander.Gettinger · Sat Oct 28, 2017 12:09 pm
Demark trend lines are drawn from Swing High and Swing Low points. Swing High is a local maximum, which preceded or followed by a lower maximum candles. Swing Low is a local minimum, which preceded or followed by a higher minimum candles.
Demark trend lines Crossover gives a Buy or Sell signals.
Distance from the trend line to the farthest extremes is equal to the distance from the point of breaking a trend line to the profit goal.
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