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Line Break Code


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Line Break Code

  #1 (permalink)
Lake Forest CA
 
Experience: Intermediate
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Line Break Code

The correct line break chart as defined by Steve Nison is time independent. Only higher high closes and lower low closes are plotted, and for a reversal the reversal must close above/below the 'X' number of prior close highs/lows. The chart is time independent. Closes that do not make higher highs/lows are not plotted.

I know that there is the better line break chart but I am really looking for a solid version of the theoretical one. The chart that comes with ninjatrader is not correct. Thank you!

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  #3 (permalink)
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  #4 (permalink)
Lake Forest CA
 
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The Better Line Breaks is not what I'm looking for and is not correct although it is better. I don't want wicks. What I want is a time independent line break chart that doesn't plot bars unless they form higher high or lower low closes and only plot reversals that break 3/6 prior high/low closes...

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