Swing Low – Line Break Pattern

Developed at Definedge.

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

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

Prashant Shah introduced this concept in a research paper, and his book on the Line-break charts can be found on the Definedge 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.