Trend lines, rays, extended and arrowed lines

Die Idee in einfachen Worten

In an uptrend each pullback tends to stop a little higher than the last. Joining those lows with a line shows the trend's path; as long as the price stays above it, the trend is intact. A ray extends the line into the future, an extended line both ways, and an arrowed line simply points.

So wird gerechnet

Click two points. For an uptrend, connect two rising lows; for a downtrend, two falling highs. A third touch makes the line more meaningful.

Price on the line at any time = price at point A + slope × (time − time at point A)
slope = (price B − price A) ÷ (time B − time A)

Anwendung

• Buy near a rising trend line in an uptrend; sell near a falling one in a downtrend.
• A clear break and close through the line warns the trend may be over.
• Use the Extend setting to project the line into the future as a ray.

Schlüsse ziehen

• Steeper lines break sooner; gentle lines last longer.
• After a break, the old line often becomes resistance (or support) on a retest.

Worauf man achten sollte

• Lines drawn through candle bodies versus wicks give different results; be consistent.
• Two points always make a line; three touches make it significant.

Ein wenig Geschichte

Trend lines are among the oldest chart tools, drawn by chart readers for more than a century.