three-bar net line

rkkarnani

Well-Known Member
#2
Hi friends,

where can i find the formula for the >three-bar net line<?
http://www.traderji.com/images/smilies/frown.gif
Dont know much about Three Bar net line.... read this on the Net : (Copy pasting)
The Three-Bar Net Line is used to determine an equity's underlying price trend. When the closing price is above the Three-Bar Net Line, this means that the trend for this equity is up. This uptrend is broken when the closing price falls below the Three-Bar Net Line and the resultant downtrend remains in effect until the closing price once again rises above the Three-Bar Net Line.

No parameters are required for this indicator.
 

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