Three Line Break(新三值图)

《Three Line Break(新三值图)》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、ThreeLineBreak(新三值图)                                      ThreeLineBreak(新三值图)THREELINEBREAKOverviewThreeLineBreakchartsdisplayaseriesofverticalboxes("lines")thatarebasedonchangesinprices.AswithKagi,Point&Figure,andRenkocharts,ThreeLineBreakchartsignorethepassageoftime.TheThree

2、LineBreakchartingmethodisso-namedbecauseofthenumberoflinestypicallyused.ThreeLineBreakchartswerefirstbroughttotheUnitedStatesbyStevenNisonwhenhepublishedthebook,BeyondCandlesticks.--------------------------------------------------------------------------------InterpretationThef

3、ollowingarethebasictradingrulesforathree-linebreakchart:Buywhenawhitelineemergesafterthreeadjacentblacklines(a"whiteturnaroundline").Sellwhenablacklineappearsafterthreeadjacentwhitelines(a"blackturnaroundline").Avoidtradingin"trendless"marketswherethelinesalternatebetweenblacka

4、ndwhite.AnadvantageofThreeLineBreakchartsisthatthereisnoarbitraryfixedreversalamount.Itisthepriceactionwhichgivestheindicationofareversal.ThedisadvantageofThreeLineBreakchartsisthatthesignalsaregeneratedafterthenewtrendiswellunderway.However,manytradersarewillingtoacceptthelate

5、signalsinexchangeforcallingmajortrends.Youcanadjustthesensitivityofthereversalcriteriabychangingthenumberoflinesinthebreak.Forexample,short-termtradersmightusetwo-linebreakstogetmorereversalswhilealonger-terminvestormightusefour-lineoreven10-linebreakstoreducethenumberofreversa

6、ls.TheThreeLineBreakisthemostpopularinJapan.StevenNisonrecommendsusingThreeLineBreakchartsinconjunctionwithcandlestickcharts.HesuggestsusingtheThreeLineBreakcharttodeterminetheprevailingtrendandthenusingcandlestickpatternstotimeyourindividualtrades.-----------------------------

7、---------------------------------------------------CalculationLineBreakchartsarealwaysbasedonclosingprices.ThegeneralrulesforcalculatingaLineBreakchartare:Ifthepriceexceedsthepreviousline'shighprice,anewwhitelineisdrawn.Ifthepricefallsbelowthepreviousline'slowprice,anewblacklin

8、eisdrawn.Ifthepricedoesnotriseabovenorfallbelowtheprev