宝塔线应用技巧(国外英文资料).doc

宝塔线应用技巧(国外英文资料) The use of deep excavation of the pagoda line First, the basic principle The pagoda line measures the price (or index) up and down in different color bars. It to close (or close) as a reference, when stock prices, the picture for the red line (or white), when share prices fall, painting for the green line (or black), mainly through bar turn red or green line to study the changes of stock price trend in the future. Heres how to do it: Draw a line between the starting share price and the closing price of the day. When the stock price goes up, draw the red hollow entity. When the stock falls, draw the green solid entity. If the previous session is rose red, and the next fall, prices did not fall below the low of the day before the red line that part of the decline is still painted red, the green line is drawn below part if the previous trading day to drop the green line, and rose the next day, share price the day before has not risen that part of the green line low gains have painted green entity, risen part to draw the red line. Sewing thread on cone and the characteristics of a dot figure, is not recorded in the daily or weekly process of share price movements, but high (or low) innovation in innovation to record, this has certain difference and K line drawing. Practical application: When the pagoda line turns red, the market often has a chance to extend a rally, which is seen as a buying signal. After the pagoda line is turned green, the market usually will extend a decline, which is seen as a selling signal. When the market is in the consolidation stage, there is often a phenomenon of turning red or turning green, which can be ignored. When the stock price is at a high level, it should be resolved decisively when the green comes down. The pagoda line indicator also can set parameters, usually set to three days (or five days), when the closing price is above the previous three (or five) maximum, as a buying signal. When the closing price is below the