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Hi Franco,
Indeed ... very clever set of lines ! These lines are of help for the 'visual
investors'.
Question - I already have the Price chart with a few 'studies' of them and I want to
merge these into what I have rather than creating a seperate window for it. Any
inputs about how to do it ?
Regards,
- Salil V Gangal
--- ffpsi <ffpsi@xxxx> wrote:
> Hello Ken,
>
> yes, at present I'm using 2.5 for "change". Optimization doesn't
> supply affordable indications, in this case, therefore I made a
> choice looking at a lot of charts.
> My purpose, however, is to use peaks and troughs as support or
> resistance alternatively, depending on last closing price, as I
> explained (and showed) to Tomasz in my previous message (14877).
> Unfortunately, I still haven't able to find a good solution. Let's
> hope in T.J..
> Thanks for your appreciation and best regards
>
> Franco
>
> --- In amibroker@xxxx, "Ken Close" <closeks@xxxx> wrote:
> > Franco:
> >
> >
> > What a clever set of indicator lines!! Nice idea.
> >
> > I modified the code as follows:
> >
> > Chg = 5;
> > res = Ref(Peak(H, Chg, 1), -1);
> > sup = Ref(Trough(L, Chg, 1), -1);
> > Plot(res,"res",6,1);
> > Plot(sup,"sup",4,1);
> >
> > What is the change percent (Chg) that you think is "best"?? I see
> you used
> > 2.5.
> >
> > Ken
> >
> > -----Original Message-----
> > From: franco fornari [mailto:ffpsi@x...]
> > Sent: Friday, April 19, 2002 9:33 AM
> > To: amibroker@xxxx
> > Subject: [amibroker] Peaks and Troughs detection
> >
> >
> > Tomasz,
> >
> > look, please, at the attached chart. You will see two
> > lines wich represent resistance and support
> > respectively. They are obtained by the formulas:
> >
> > res = ref(Peak(H, 2.5, 1), -1);
> > sup = ref(Trough(L, 2.5, 1), -1);
> >
> > My purpose is to use them depending on level of the
> > last closing price. Since a support, once broken,
> > became a resistance and vice versa, I need a formula
> > wich is able to find the lowest (and nearest) peak or
> > trough, but higher than the last closing price.
> > On the attached chart, the nearest resistance is,
> > actually, as you can see, an old support previously
> > broken (yellow line).
> > All that is for long trades, the opposite for short,
> > obviously.
> > Hoping to have been more clear,
> >
> > best regards and thanks in advance
> >
> > Franco
> >
> >
> ______________________________________________________________________
> > Vinci i Mondiali - La Grande Sfida dei Mondiali FIFA
> > http://it.yahoo.com/mail_it/foot/?http://lasfida.yahoo.net/
> >
> >
> >
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>
>
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