THE CHL/LLF METHOD SPREADSHEET by Technical Analysis, Inc.
Recall that the "concurrent highest low" filter (CHL) is a condition set up for the "largest low to low fall"
trigger (LLF) and that the two are true/false situations. Therefore, the CHL filter can be presented with
either a 1 for true or a zero for false readings. The LLF indicator can be presented as a 2 for true and a
zero for false. In this manner, both the CHL and the LLF can be plotted simultaneously as in sidebar Figure
1, December Treasury bonds, 5/13/93 to 9/13/93. The sell signal is used as an exit from a long position
that may be established from another trading system.