Saturday, May 29, 2010
Chris Whelan's Trend Lines
As per Mr. Whelan: The green and red lines on the charts are trend indicators, when they are both above the upper blue line there is an uptrend, when below the lower blue line a down trend and when the green and red lines are in between the blue lines the secuirity is range trading. My signal line is the white and purple, white over purple is a buy and the opposite is a sell. Signals are only used when the security is trending. I use trendlines and divergences to help confirm trading decisions. Low Volatility = Fuel, Pink Line on Bottom is Volatility; Only trade long or flat on weekly uptrends; Only trade short or flat on weekly downtrends; Trade Long or Short on Weekly Range Trading.
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