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Line Break

32 bytes removed, 12:35, 10 May 2013
==Understanding Line Break Chart Type==
[[File:LBChartLBChart1.png|right|LB]]The concept of the Line Break chart is similar to Point and Figure charts. It is made up of a series of vertical blocks called lines that use close prices to indicate market direction. The Line Break chart looks like a series of rising and falling lines of varying heights. Each new line, like the X's and O's of a point and figure chart, constitutes a new column. Using close prices (or highs and lows), a new rising line is drawn if the previous high is exceeded. A new falling line is drawn if the price hits a new low.
==Selecting Line Break Chart Type==
| Buy next bar at market
| Order is placed on the first tick of the new bar, i.e. on the Open of the next bar.
| [[File:LineBreak1.PNG|right|LB]] Order is placed at the price of the first received tick, this tick may not be a part of a box, in this case the order is displayed not on OHLC of the box but on the price level of the first received tick.
|-
| Buy this bar at close