Technical Analysis of STOCKS & COMMODITIES
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DownloadStatistically 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 ...
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