You know that these charts are not recommendations, right? I don't have to say this every post?
30 minutes has always been my favorite 'slice' of time.
The 'set' does not have to be 3, it can be highest to lowest close in 2, 3, 4, 6, or . . .;
just remember that you're trying to capture movement, not simulate a price bar.
This chart uses a 4 period set:
does it look all that different from a 3 period set? Not really.
- MULN_M30.png (62.22 KiB) Viewed 5980 times