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Re: МТ4 Trading Systems: TRADE EXPRESS

amdudus, Sun Sep 30, 2018 1:33 am

Andrews Multi-Pivot Line
Graphic techniques of Alan Andrews, including forks, are based mainly on multipivenny lines. Multivitamin
A line is a line drawn through 3 or more pivot points. This trend line does not have to exactly touch the high or minimum, it requires only its sufficiently close location to each turning point. Andrews believed that the more pivot is on the trend line, the more important it is to detect future levels of support and resistance and pivot points. It is especially important that the Median Line has the property of multiplicity.
You can also see some additional constructions in the figure. First, it is so-called. Warning lines. They are indicated by a red dashed line. To build Warning Lines you need to draw lines in parallel. The median line at a distance that is a multiple of the distance from the Median line to the upper or lower outer line of the pitchfork.Such There may be several warning lines, and the amount of indentation may also vary. Appointment Warning lines are also understandable from the figure. In cases where the price breaks the upper or lower limit of the Andrews' Pitchfork, very often the nearest Warning Line becomes the target of its movement. Often the price overcomes the nearest
The warning line and moves to the next Warning line, built according to the same rules and located on the distance BC / 2 from the first. Also in fig. 1, you can see the blue dashed lines running inside Andrews' pitchfork parallel to the Median line at distance equal to half the distance from the median line to the top or bottom line of the forks. Let's call them Intermediate internal lines. Intermediate internal lines are usually quite weak. Nevertheless, it is not uncommon for
their price forms pivots. Almost always such points are the moments of the beginning or the end of the intermediate rollback, after which the price continues its movement in the original direction.
When trading using the multipivot Midline, some trading principles need to be considered. Andrews emphasizes that these are not absolute rules, but only general observations that will help the trader know what to expect when using the Median Line. Trading Principle 1: When the Median Line is drawn at the most recent fluctuations, the price should return to the Median Line about 80 percent of the time. Trading principle 2: When the price returns to the Median line, this place often becomes a new pivot point on the Median Lines. Trading principle 3: When the price returns to the Median line, it often forms several small fluctuations around the Median. Lines before further movement. We add that it makes sense to consider the possibility of entering the turn on the Median Line only in the direction of the main trend and when confirming a turn from the oscillators. Logging on trend when rebounding from the top or bottom line of the forks has greater reliability.
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