Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.
Trendlines Steepnes° :
>60° Strong Trend
>45° Healthy Trend
<30° Weak Trend
<15° Ranging Market
Trendlines Steepnes° :
>60° Strong Trend
>45° Healthy Trend
<30° Weak Trend
<15° Ranging Market
