What is a TerraLine Bounce BUY and a Break BUY?
Quick answerWhen a candle touches the newest line, TerraLine watches the next few. Four closes in a row holding an up line is a Bounce BUY; four closes past a down line by a quarter ATR is a Break BUY. The deciding candle has to close clearly past the line.
The details
- Bounce BUY: an up line held.
- Break BUY: a down line gave way.
- The deciding candle: its body on that side, a wick of at most 60% of the candle, and a real range. The bar is tinted.
Called on the daily (both buys) and the 4-hour (Break BUYs) (the trade).
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