EdgeWare FastBreak Standard Version 6.5 - Manual (Page 98)

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The trendline algorithm in FastBreak makes a determination if the low price point dip (in
an upward trend) is significant and should be considered as a trendline anchor point. The
exact method used to make this determination is proprietary. It is also quite technical and
the vast majority of users would not be interested in a multiple page explanation filled
with equations.
Another aspect of trendlines is that they can be drawn for the short term or the long term.
This is driven by the degree or significance of the dips that form the low points used to
anchor the trendline. See the two examples in the following chart. In one case the trend-
line is capturing a very long term move, in the other case the trendline is anchored with
less significant low points.