Trend lines

A trend line is a line among a number of so-called pivot points on a stock chart. As the name suggests, the line's trend portrays the trend of the price development. In the past, traders drew trend lines on paper; but, nowadays, we can let a computer draw it for us. In this tutorial, we shall resort to a very simple approach that is probably not very useful in real life, but it should clarify the principle well.

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