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Countback Lines
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BullCharts is designed to provide the tools needed for you to implement your trading strategy.

It is for this reason that the large range of indicators and line studies have been included. We have reviewed a large number of strategies published in many technical analysis books and provided the tools needed to use these strategies.

One such example is the countback lines, described in Trading Tactics by Daryl Guppy, which may be used to determine an appropriate stop price. Click on the picture to the right to see a larger image of the countback lines in use.