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Dear Sir,
I want to find out a develop a neckline breakout explorer.
My logic is that the neckline in case of a downtrend to be drawn by the joining line between the highest high of the previous 5 days and the highest high of the previous 15 days and some more logic to find out the downward trend automatically (like bigger moving average above smaller moving average).
I n case of an upward movement (which is to be found out by smaller moving average crossing over larger moving average), the neckline to be drawn by joining the points between the lowest low of the previous 5 days and the lowest low of the previous 15 days.
After drawing the necklines I want to find out the break out of the neckline.
This system would be for a fractal wave trader too.
In this regard if you can help me I will be very much grateful to you.
A lot of thanks in advance.
Bhabani Shankar
bhabani@xxxxxxxxxxxxxx
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