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Re: [amibroker] Re: resistance and support



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stephan;

Could you explain the abbreviations in the title bar,
Thank you
Anthony.

tradeshark@xxxx wrote:

> Hi,
>
> first, the formula is not from me but from Anthony Faragasso and
> downloadable from the AB AFL site.
>
> The chart shows the various S/R and Pivot points as small dots above,
> below and in the middle of each barchart - the values are for the
> next trading day.
>
> This formula is mainly to be used as Guru Expert, where you can see
> the number in writing.
>
> If you want to have candles and Levels as lines rather than dots, try
> this modified version :
>
> 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 =
> 1;
> Graph0Color = 2;
> Graph1Color = Graph2Color = 8;
> Graph3Color = Graph4Color = 6;
>
> Graph5 = Close;
> Graph5Color = 3;
> Graph5Style = 64;
>
> Title = Name() + ", PP: " + WriteVal(Graph0) + ", R1: "+ WriteVal
> (Graph1) + ", S1: "+ WriteVal(Graph2) + ", R2: " + WriteVal(Graph3)
> + ",S2: " + WriteVal(Graph4);
>
> I personaly don't use the graphs at all. I use only the values as
> indicator and let the values display in an indicator window without
> any graphs ( together with my money-management systems values for
> each stock )
>
> You'll probably have to customize accountsize value and the risk
> tolerance per position( 2% in my case ).
> I used standard 10K account size ( see graph4 )
> Positionsize is determined based on underlyings volatility, risk
> tolerance and accountsize.
>
> If you want to try it, here it is :
>
> MaxGraph = 10;
> Graph1 = EMA(Close,5)-(EMA(ATR(1),10)*1.50);
> Graph1Style = 16;
> Graph2 = EMA(Close,5)+(EMA(ATR(1),10)*2.5);
> Graph2Style = 16;
> Graph3 = EMA(Close,5)+(EMA(ATR(1),10)/4);
> Graph3Style = 16;
> Graph4= ((10000)*2/100)/(EMA(Close,5)+ (EMA(ATR(1),10)/4)-(EMA
> (Close,5)-(EMA(ATR(1),10)*1.25)));
> Graph4Style = 16;
> p = (H+L+C)/3;
> r1 = (2*p)-L;
> s1 = (2*p)-H;
> r2 = p +(r1 - s1);
> s2 = p -(r1 - s1);
>
> Graph5=p;
> Graph6=r1;
> Graph7 = s1;
> Graph8= r2;
> Graph9 = s2;
>
> Graph5Style = Graph6Style = Graph7Style = Graph8Style = Graph9Style =
> 16;
>
> Title = Name() + "- EntL:" + WriteVal(Graph3) + ", Stop:"+ WriteVal
> (Graph1) + ", PT: "+ WriteVal(Graph2) + ", MaxPos:" + WriteVal
> (Graph4)+ ", PP:" + WriteVal(Graph5) + ", R1:"+ WriteVal(Graph6)
> + ", S1:"+ WriteVal(Graph7) + ", R2:" + WriteVal(Graph8) + ",S2:"
> + WriteVal(Graph9);
>
> regards
> Stefan
>
> --- In amibroker@xxxx, "Dr. S. Nathan Berger" <snberger@xxxx> wrote:
> > Hello, Stefan,
> >
> > Would you please post a picture of how the graph appears? I am not
> sure
> > what comes from my computer argees with what you have in your mind.
> >
> > Thanks,
> >
> > Nate
> >
> >
> >
> > At 11:29 AM 11/2/01 -0000, you wrote:
> > >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 */
>
>
>
>
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