3 bar pivot stop

Discussion in 'Technical Analysis' started by andrasnm, Dec 21, 2002.

  1. what does this mean? and I quote
    "3-bar as a pivot stop..."

    I guess 3-bar is a same as 3-day....

    I wish tech analyst would write in English...
     
  2. nkhoi

    nkhoi Moderator

    where do you see it.
     
  3. It might be last three bars( or any other consecutive three bars ) pivot as a stop. (H + L + C ( range + close ) of last threee bars ) divided by 3 = 3 bar pivot.
    Walter
     
  4. prox

    prox

    example:

    bar 1: low $1 , high $1.10
    bar 2: low $1.20, high $1.40
    bar 3: low $1.10, high $1.20

    basically it signals a pullback or end to an existing trend, people often use a break of the previous low to enter a counter trade or exit the previous trend trade.
     
  5. cheeks

    cheeks