How to draw a trend line?

How do you know when a trend has started? Ended? This forum is for discussions about trend indicators and signals.
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oem7110
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How to draw a trend line?

Post by oem7110 »

Referring to following image, there are 2 trend lines,
Does anyone have any suggestions on how to select an right bottom to draw a trend line? so I would draw trendline[1] instead of trendline[2].

Thanks in advance for any suggestions

http://i1093.photobucket.com/albums/i43 ... ndLine.jpg

mojojojo
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Re: How to draw a trend line?

Post by mojojojo »

oem7110 wrote:Referring to following image, there are 2 trend lines,
Does anyone have any suggestions on how to select an right bottom to draw a trend line? so I would draw trendline[1] instead of trendline[2].

Thanks in advance for any suggestions

http://i1093.photobucket.com/albums/i43 ... ndLine.jpg
I really don't think you can define an absolute rule for picking a "right" bottom, as "right" isn't a constent. For your picture, the simple thing is to pick the one with the lower start point.

According to Edwards and Magee, you want to connect the lower extremes of the Minor Recessions, within an uptrend.

Moto moto
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Post by Moto moto »

pick a set of rules, use them consistently and then apply them to the appropriate set of data you are trying to trend line trade from....
as mojomojo says- there is no right

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