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(Back to the Ocean Theory or Ocean Software main pages.)
The Component 4-Line is part of the Ocean Pro library. It is a most beautiful and revealing indicator. It is composed of four market components based on STX technology—the Component 1-line, 2-line, 3-line and 4-line. The interplay of these four lines tells you just about everything you need to know about a market.
In the screen photos (below) of the Component 4-Line, in the first sub-graph of each photo, the zero line in white is the 1-line; the cyan line is the 2-line, the orange line is the 3-line, the blue line is the 4-line. You can also see the Triple STX on price itself and the BTX 2-Line in the second subgraph.
(Brief explanation of Fan Analysis, which uses the Component 4-Line.)
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