GKP - Research

dl.dropboxusercontent.com/u/7238706/GKP%283lineBreak%29.png

All this talk of trendlines and PRT/ADFN got me looking a little deeper into PRT optional views and I found something I'd not seen before, namely 'Three Line Break' charts. The above shows daily activity for GKP going back to Sept 2004 on one page! These charts use closing prices, and continue to plot in the same direction until the closing price exceeds the high or low of the previous three days, hence drastically reducing noise and providing a much better indication of the trend. This also provides very clear indication of significant supports/resistances.

My apologies if I'm preaching to the converted here and everyone, bar me, is well aware of these charts; but I found them very useful.

I think 465 was an anomaly. Using the closing prices for trendlines takes out such problems with odd trades that give different traders different results, but it does provide problems with plotting fibs etc when different providers use different data. I will look a prorealtime and let you know how I get on.

F4T - that's why I don't like ADVFN charts, their data isn't as accurate - this definitely went to 465p, I remember the day it hit the high, it was 465p.

Go on download Prorealtime www.prorealtime.com/en/workstation it's free. ;)

Got it now - interesting.

Looks like this now - same as yours? Again thankyou.

screencast.com/t/JktmLZEekz

Ah got ya....Thanks. Line chart....

So the red line right?



screencast.com/t/6Yp1ap9am

Convert the chart to a line chart, draw your trendlines and then return to candles.

High close 425.25 on 20/2/12, then 188.50 on 13/1/13 are the two points.

Looks good.

I also have a high of 450, not 465 that many use.