Re: resistance and support

[tradeshark@xxxx]

Hello Tom,

for which time frame ?

Here's the formula ( expert ) for the next trading day :

/* Pivot points and Support and Resistance Points*/
/* for next day trading*/
/* coded by Anthony Faragasso */


MaxGraph =8;

p = (H+L+C)/3;
r1 = (2*p)-L;
s1 = (2*p)-H;
r2 = p +(r1 - s1);
s2 = p -(r1 - s1);

Graph0=p;
Graph1=r1;
Graph2 = s1;
Graph3= r2;
Graph4 = s2;

Graph0Style = Graph1Style = Graph2Style = Graph3Style = Graph4Style = 
16 + 8;
Graph0Color = 2;
Graph1Color = Graph2Color = 8;
Graph3Color = Graph4Color = 6;

Graph5 = Close;
Graph5Color = 3;
Graph5Style = 128;
"";
"---------------------------------------------------------------------
---------------------------------------";
" PIVOT POINTS AND SUPPORT AND RESISTANCE POINTS ";
"---------------------------------------------------------------------
---------------------------------------";
"";
"MARKET BEING EVALUATED : " + Title = Name() + " DATE : " + 
Date();
"";
"TODAY'S CLOSE WAS : "+"( " +WriteVal(Close,format=1.2)+" )";
"---------------------------------------------------------------------
-------------------------------------------------";
" ******* THESE POINTS ARE VALID FOR NEXT TRADING DAY ******";
"---------------------------------------------------------------------
--------------------------------------------------";
"RESISTENCE POINT 2 : ----------------" +WriteVal(Graph3,format=1.2);
"";
"RESISTENCE POINT 1 : ----------------" +WriteVal(Graph1,format=1.2);
"";
" --------------------------------------------------------"+
"("+WriteVal(Graph0,format=1.2)+")" +" PIVOT POINT--------";
"";
"SUPPORT POINT 1 : ----------------------" +WriteVal
(Graph2,format=1.2);
"";
"SUPPORT POINT 2 : ----------------------" +WriteVal
(Graph4,format=1.2);


regards
Stefan


--- In amibroker@xxxx, "Tom Supera" <tom_supera@xxxx> wrote:
> Hello,
> 
> Has anyone a formula to find resistance and support .
> 
> Thanks
> Tom Supera