Mikula Forecasting Company
MarketWarrior Study Line
A MarketWarrior Study Line is a special line which links to line
drawn by an indicator. Below is a 5 minute chart. There is a standard trendline
connecting two pivot bottoms on the price bars. In the subgraph there is a
Study Line linked to the indicator Smoothed Stochastic. The Study Line has been
moved so it connects the corresponding two pivot bottoms in the indicator. By
comparing the two lines you can see that bottom pivots in the price bars and
the bottom pivots in the indicator are diverging. The trendline on the price
bars is sloping down and the Study Line on the indicator is sloping up.

In the subgraph on the chart below there is a Moving Average
Oscillator. A Study Line has been drawn in the subgraph and linked to the
Moving Average Oscillator. The Study Line has been positioned so that it
connects two pivot bottoms on the indicator. The Study Line can show labels at
each end and in the middle. The middle label on the Study Line below is showing
the point difference between the start and end of the line. In this case the
difference between the two pivot bottoms is "4.597".

The final chart below shows the ADX indicator in the subgraph. A study
line has been drawn in the subgraph and linked to the DI- line. The DI- is the
second of three lines drawn for the ADX indicator. The Study Line below shows
the indicator value at each end of the line. The middle label has been set to
show the indicator name that the Study Line is linked to. In this case the
label is "ADX:DI-".

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Mikula Forecasting Company
P.O. Box
152672
Austin, TX 78715-2672
USA
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1994-2008 by Patrick Mikula All Rights Reserved.