Summary

  • In his lectures Paul Levine suggested that a necessary condition for the launch of a TB-F is that a price correction doesn't pull all the way back to a standard MIDAS S/R curve. He established this in relation to the average price being used in standard S/R curves as well as in the TB-F curves. However, with regard to the TB-F curves, we prefer using the high price in relation to the bottomfinder and the low price in relation to the topfinder. Hawkins also prefers the low price for standard support curves and the high price for standard resistance curves. Hawkins thus retains Levine's uniformity, even though he no longer uses the average price. While, however, Coles also prefers the high/low option for the TB-F curves, he prefers the ...

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