Linda Raschke's Three Bar Triangle breakout formation
Posted: Sun Jan 17, 2021 12:01 pm
Here is Linda Raschke's three bar Triangle Breakout formation
This represents a coiling occurring in the lower timeframe.
She states: "High below two day high and Low above two day low"
cond := if((ref(high,2)>ref(high,1)) & (ref(high,1)>high) & (ref(low,2)<ref(low,1)) & (ref(low,1)<low),1,0);
FILLRGN(1,cond,0),Brush#D000000F0;
Regards
-Brian
This represents a coiling occurring in the lower timeframe.
She states: "High below two day high and Low above two day low"
cond := if((ref(high,2)>ref(high,1)) & (ref(high,1)>high) & (ref(low,2)<ref(low,1)) & (ref(low,1)<low),1,0);
FILLRGN(1,cond,0),Brush#D000000F0;
Regards
-Brian