Yin line

The Kagi charts indicate whether the trend is down or just a correction and change the color of the line accordingly.

After a waist breakout pattern or after a bearish breakout, the trend is down and strong, and the line will be red in that case, which is known as a Yin line.

Traditionally, there used to be a method to make it a thick line. However, the most common approach currently is to change the color of the line instead of making it thick or thin.

Red line in a downtrend is a Yin line. This pattern identifies stocks on the Yin line.

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.

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