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-".