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Trend Points or Trend High/Lows

Trend High/Lows

Trend highs occur once price makes ‘x’ successive lows after the high bar, where ‘x’ is the variable.

Trend lows occur once price makes ‘x’ successive highs after the low bar, where ‘x’ is the variable.

Where the bars open or close is not relevant.

On the following chart we use 2 as our variable; 2 bar trend high followed by a 2 bar trend low.

How to draw in short term trends or waves using trend points

Here we have drawn in waves or short term trends using 2 bar trend high/lows.

In the case of the chart using pivot points to determine the waves, we show how using a 2 bar trend filters out smaller waves.

The higher the variable used the more noise you’ll filter out. For example, using a 5 bar trend will filter out more noise than a 3 bar trend.

 

 

Move on to Step 4 - Module 1 > Charting Basics: Isolation Points

 

  

____Step_1____
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Charting Basics
□ Pivot Points
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□ -1 Trend
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