New price feet is a technical index for judging the turning point of the market.
The new price fee is based on the closing price, and when the price rises above the previous high price in the rising market price, in the falling market it will fill in the new feet when it falls below the previous low price.
Therefore, when you update the high value in the upward phase, the positive line is entered, and when you update the low price at the descent price, the negative line will be filled in.
New value legs have non-time series new value feet and time series new value feet. In the case of non-time series new value feet, feet are not displayed unless there is a high price or low price update, but time series new price feet In the case of, it has the feature of changing the foot width or continuing to display by drawing the same foot until updating.
In figure 1, the number of feet increases over time (even without updating the price), so it will be a time series new value feet.
There are various kinds of new value feet, but "commonly used three times" is commonly used in general. In the medium and long term, "new value five legs" "new value 10 legs" may be used.
New value Three legs do not add foot until the high value of the most recent three positive lines or the low value of the hidden line is updated, and lower the possibility of becoming a damascene to surely capture the turning point It is aiming.
Buy signal
If a new positive line appears (positive), or if another positive line appears, it will be a buy signal. Also, it can be judged that the higher the number of hidden lines immediately before the positive run, the stronger the price increase.
Sell signal
If new hidden lines appear (negative), or if one more hidden line appears, it becomes a selling signal. Also, it can be judged that the possibility of the ceiling is higher as the number of positive lines just before the reversion is larger.
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