Three-Line Break Reversal Signals by William Arnold
ARTICLE SYNOPSIS ...This charting technique is a simple but effective technique for determining the direction of the trend as well as changes in the trend.
With volatility in the stock market
increasing, many new and elaborate
methods have been developed
to predict market turns. This
poses a problem: Indicators of
complex construction may work
or they may not, for no apparent
reason. So finding system components
that follow the keep-it-simple
approach may seem unfashionable,
but in reality it is a survival technique. In fact,
older and simpler indicators have withstood the test of time
for good reason.