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[amibroker] Targets-sup/res



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Title: Silent Beauty: Art of Jonathon Earl Bowser, Stationery by Cloudeight
Hello,
          Simple mathematical formula for calculation of
basic support and resistance values using zig to identify Tpoints.
Any improvement upon this is most welcome.Thanks.
 
-- N !!
 
+++++++++++++++++++++++++++++++++++++

// Simple Math Targets -Supports/Resistances - Natasha !!

Sen=Param("Zig",5,1,20,1) ;

PeakVal = Peak( H, Sen ) ;

TroughVal = Trough( L, Sen ) ;

Plot(Zig(C,Sen)," Zig " , colorBlue,styleLine) ;

Plot(C," close",colorBlack,64) ;

PivotTop = sqrt (PeakVal);

PivotBottom= sqrt (TroughVal);

ResA = (PivotTop + 1.618) ^ 2 ; //Fib golden ratio(1.618)

ResB = (PivotBottom + 1.618) ^ 2 ;

SupportA = (PivotTop - 1.618) ^ 2 ;

SupportB = (PivotBottom - 1.618) ^ 2 ;

Plot(ResA,"ResTop",colorRed,1);

Plot(ResB,"ResBottom",colorPink,1);

Plot(SupportA,"SupTop",colorBrightGreen,1);

Plot(SupportB,"SupBottom",colorDarkGreen,1);

Filter=1;

AddColumn(PeakVal,"peak",1.2,colorGreen);

AddColumn(TroughVal,"Trough",1.2,colorRed);

AddColumn(ResA,"ResTop",1.2,colorRed);

AddColumn(ResB,"ResBot",1.2,colorPlum);

AddColumn(SupportA,"SupTop",1.2,colorGreen);

AddColumn(SupportB,"SupBottom",1.2,colorDarkGreen);

graphxspace = 8;

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