Analysis Techniques & Strategies

Trendline LE (Strategy)

image\trumpet2.gif Disclaimer

Input Information

Name Type Default Description
TLRef Numeric 1 Specifies the reference number of a trendline on which you want to base your long entry.

Usage

Long entry based on a specified trendline drawn in the current data window.

Description

This strategy establishes a long position when the bar high penetrates above a previously drawn trendline. By changing the location of the trendline you can change the entry price for subsequent orders.

Related Strategy: Trendline SE