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Hello
I found this S & R indicator on the Ami website. However, when I copy it
into the Indicator builder and try to plot it, I get a window which
contains only the price series represented as candlesticks, just like I
have in my main window.
Can anyone tell me where the Red and Green S & R lines are, or how I go
about displaying them?
Thanks a lot for any help, Nik
//Support and resistance levels using RSI.
//graham Kavanagh May 2003
//Load into Indicator Builder
//Sensitivity of the levels can be changed with the variables
//Can test different numbers live with the Param function ctrl-R with open pane
_______________________________________________________________________________________________________
RSIperiod = 5; // Param("RSI p",3,14,30,1);
Percent = 5; // Param("ZIG %",8,9,15,1);
EMAperiod = 5; //Param("EMA p",4,5,10,1);
HHVperiod = 5; //Param("HHV p",3,5,10,1);
NumLine = 1; //Param("Num Lines",3,1,20,1);
Base = DEMA(RSI(RSIperiod),EMAperiod);
GraphXSpace=0.5;
Plot(C,"",colorBlack,styleCandle);
for( i = 1; i <= numline; i++ )
{
ResBase = LastValue(Peak(Base,Percent,i));
SupBase = LastValue(Trough(Base,Percent,i));
Plot(ValueWhen( ResBase==Base, HHV(H,HHVperiod) ), "Resist Level",
colorRed, styleLine);
Plot(ValueWhen( supbase==Base, LLV(L,HHVperiod) ), "Support Level",
colorGreen, styleLine);
}
Title = Name() + "; " + Date() + ": Support & Resistance Levels using
RSI: " + /*EncodeColor(colorGreen)+ "Support Levels are Green;
"+EncodeColor(colorRed)+ "Resistance Levels are Red:
"+EncodeColor(colorBlack)+*/ "Num lines ="+WriteVal(numline,1) ;
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