JOINT PURCHASES LOGIK THREE LINE BREAK NINJATRADER 8

LOGIK THREE LINE BREAK NINJATRADER 8

Three Line Break charts display a series of vertical boxes that are based on changes in prices. This chart type ignores the passage of time.

The following are three basic trading rules for a three line break chart:

• Buy when a green bar emerges after three adjacent red bars.
• Sell when a red bar emerges after three adjacent green bars.
• Avoid the market when the bars are alternating between red and green

What makes the LogikLineBreak different from the traditional LineBreak chart type? Perhaps the most noteworthy is the ability to backtest accurately.