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What comes to mind further is to make the 'Chg' related to the volatility of the
security rather than keeping it constant at 2.5 or 5 or some other value.
One additional question. How do you get the display of the values of Sup/Res on the
Y-Axis, (23.25/19.63) in the chart below ? (I guess it's some setting.)
Actually what I was inquiring about was, if have some studies (say simple
trend-lines) drawn on my Price chart already, and then if I plot a different chart
with 'Sup/Res' study, then I don't see my earlier studies and 'Sup/Res' chart within
a single Price chart. Of course I'll be able to re-draw the trend-lines, but don't
want to re-draw them if I can avoid it. And it I've got EMAs, BBs also on the Price
chart, then re-doing it all will be a time-consuming task ...
Regards,
- Salil V Gangal
--- ffpsi <ffpsi@xxxx> wrote:
> Hello Salil,
>
> thanks for your appreciation; If I correctly undestand your question,
> you only have to add few code lines to any project. For example you
> can take those ones proposed by Ken. You can find them below and are
> very simple. Instead, if you wish to plot your formulas on the Price
> chart, that's not possible in AB, at present.
>
> Best regards,
>
> Franco
>
>
> --- In amibroker@xxxx, Salil V Gangal <salil_gangal@xxxx> wrote:
> > 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
> > > >
> > > >
> > >
> ______________________________________________________________________
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