TD Lines
TD Lines are drawn by connecting TD Points. A level one TD Point high is
formed once a high is immediately preceded and succeeded by bars with lower highs.
Thus, a level one high requires only three bars to make this determination. TD
Point highs vary in
The converse of these principles governs TD Point lows.
For further information on TD Lines, please refer to Thomas R. DeMark, The New Science of Technical Analysis, New York: John Wiley & Sons, 1994, Chapter 1.
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