Part Two: The Engineering Aspect of TB-F Curves
Now that we've understood the quantitative properties underlying the TB-F algorithm, it's time in the second part of this chapter to look at its application. Hawkins does this extensively on longer-term charts in Chapter 5, so here I want to do two things: first, to offer a number of tips on getting accurate forecasting measurements out of the TB-F algorithm; and second, to integrate its use experimentally with other trend-exhaustion tools.
An Alternative Consideration in the Launching of TB-F Curves
In the first part of this chapter, I discussed Levine's view that it's a necessary condition for the launching of a TB-F curve that price doesn't pull all the way back to a previously launched standard ...