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Trend Factors™

Trend Factor Indicator study is designed to project upside resistance levels and downside support levels by multiplying qualified highs, lows, or closes by a series of prescribed ratios.

Once the market has moved up approximately 1.0556 in price from a low, a reference high is identified. Place the study cross-reference on that high or high day's close. The Trend Factor Indicator projects down to the support area of .9444, as well as secondary levels. Conversely, once a market has moved down to approximately .9444 in price from a high, a reference low is identified. Place the study cross-reference on that low or low day's close. The Trend Factor Indicator will project up to the resistance area of 1.0556, as well as secondary levels.

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