Statistically Positioned Trend Channels by Bob McCullough
ARTICLE SYNOPSIS ...Statistically Positioned Trend Channels by Bob McCullough
Trend channels are a method by which to identify the outer boundaries of a trend. A number of methods are based on the technician's judgment to identify the components of a trend channel. Here's one method that reduces the need for seasoned judgment by using two statistical methods to determine the components of a trend channel.
Trendlines are among the oldest and most useful tools in technical analysis. However, drawing them can sometimes be a very subjective process, and frequently, they simply don't work when an analyst is trying ...