Swing High – Line break

Line break charts are also a swing charts and they easily display swing points. Swing high or Swing low can be defined easily using the change of line formation of the Line break charts.

When bullish trend changes to bearish trend and forms a bearish change of line pattern, the high point of previous line is marked as Swing high pattern of the Line break chart.

The swing high is made objective using the properties of the Line break chart.

This pattern is developed by Definedge and explained in detail with data testing in the book on the Line-break charts by Prashant Shah in Shelf.

Click here to know more about the pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.