BB MACD
BB MACD
Drive Green above Red -> Up. Red above Green -> Down. Periods that seem useful are 4, 16, 128. Value is calculated as follows: Up (Green) = ((High – Open) + (Close – Low))/2, averaged for the selected period; Down (Red) = ((Open – Low) + (High – Close))/2, averaged for the selected period.
Kagi Charts The Kagi Charts are supposed to appear in 70s of the 20th century, at the first stage of Japanese stock market development. The Kagi Charts represent a series of interconnected vertical lines. The thickness and increment direction of these lines are determined by the price dynamics. The Kagi Charts do not consider the…
Renko Charts The Renko charting method is thought to have acquired its name from “renga” which is the Japanese word for bricks. Renko charts are similar to Three Line Break charts except that in a Renko chart, a line (or “brick” as they’re called) is drawn in the direction of the prior move only if…
Three Line Break Three-line break charts represent a raw of vertical rectangle, the height of which is determined by the value of price changes. These charts – like Kagi, P&F, Renko – do not consider time factor. This graphical method is named after the number of lines usually used to register a break. Three-line break…