three-bar net line

Discussion in 'MetaStock' started by gallimard, Apr 17, 2009.

  1. gallimard

    gallimard New Member

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  2. rkkarnani

    rkkarnani Well-Known Member

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    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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