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A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance, the trend is said to be broken and there is a "breakout".Murphy, pages 400-401
A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance, the trend is said to be broken and there is a "breakout".Murphy, pages 400-401
References
* John J. Murphy, ''Technical Analysis of the Financial Markets'', New York Institute of Finance, 1999,See also
* Bollinger bands *Control chart
Control charts is a graph used in production control to determine whether quality and manufacturing processes are being controlled under stable conditions. (ISO 7870-1)
The hourly status is arranged on the graph, and the occurrence of abnormalit ...
* Donchian channel
* Richard Donchian
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Chart overlays