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three-bar net line

Discuss three-bar net line at the MetaStock within the Traderji.com; Hi friends, where can i find the formula for the >three-bar net line<? http://www.traderji.com/images/smilies/frown.gif...


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Old 17th April 2009, 03:53 PM
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Smile three-bar net line

Hi friends,

where can i find the formula for the >three-bar net line<?
http://www.traderji.com/images/smilies/frown.gif


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  #2  
Old 18th April 2009, 11:00 PM
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Default Re: three-bar net line

Quote:
Originally Posted by gallimard View Post
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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