LINEBREAK

Line break charts appear as vertical bars that ascend and descend. These charts are independent of time and are determined only by price action. Ascending bars are colored green and indicate upward price action. Descending bars are colored red, and indicate downward price action.

Line break charts are constructed by looking at the close of a bar and comparing it to a previous bar’s close (which bar to compare is determined by the user, see below). If the current bar’s close is higher than the one it is being compared to, a green ascending bar is drawn. If the current bar’s close is lower than the one that it is being compared to, a red descending bar is drawn. If the current close is the same, or if the price does not move enough in one direction or the other to signify a reversal, then no bar is drawn.