Mc trend line
Trendline Charts v3. It also has a filter or stock screener based on Mc trend line patterns, such as Resistance breakout and Support penetration. For example, you can see all the stocks that have broke out resistance levels at a glance.
How to Trade with Trend Line ? - BANK NIFTY - Basic of Technical Analysis - By Siddharth Bhanushali
About Trendlines: A trend line is a bounding line for the price movement of a security. A support trend line or a bottom line is formed when a securities price mc trend line and then rebounds at a pivot point that aligns with at least two previous support pivot points.
Similarly a resistance trend line or a top line is formed when a securities price increases and then rebounds at a pivot point that aligns with at least two previous resistance pivot points.
In other words, bottom lines are formed by joining a series of bottom points, and top lines are formed by joining a series of peaks. Trendlines are considered by many expert traders and investors as the single most important tools in technical analysis.
However, unlike other indicators of Technical Analysis, it does not come with a fixed formula, but require human eyes and brain to draw the best fit line across a series of bottoms or tops. It is still very much of an art form.
If you are looking for a particular trendline pattern - such as Resistance breakout, the tasks of drawing trendlines for all stocks on the market becomes tedious if not impossible.
This tool solves the problem for you. Stock screeners based on trendline patterns include: Resistance topline breakout, Support bottom line penetration, Channels both top and bottom lineWedge Consolidation pattern bounded by top and bottom linesnear Support level, near Resistance level.
The screening results are updated daily and individual m1 indicator for binary options charts and automatic trendline drawing is done instantaneously in real time.
For non-US tickers, append.
TO for TSX. AX for ASX.