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TD-Price Projector 3 is the most conservative one:
When a downward TD-line (upward TD-line) is broken the projector is calculated as the difference (sum) between the TD-line and the close below it (above it) of the bar when the lowest (highest) price is recorded.
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Figure 1. TD-Price Projectors show the price objectives after a breakout of the trend line.
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Sometimes price objectives fail. It happens as a rule in the following cases:
- When in consequence of a breakout of the reverse TD-line a new signal appears that contradicts to the initial signal. In this case the old signal is replaced by the new one and the price objectives are cancelled.
- When the signal of the TD-line breakout proves to be false. Usually it becomes clear when the subsequent bar after the breakout closes lower (higher) of the broken downward (upward) TD-line.
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+7 (495) 710-76-76
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© 1998—2009 «Alpari» |
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