I have put in basic code to allow you to
run as exploration. You can narrow your search by changing the criteria in the
Filter Statement.
--------------------------- Begin Code
------------------------
_SECTION_BEGIN("support
and resistant");
//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) ;
Filter=C>10 AND
C<75 AND ResBase>=1 AND
SupBase >=1;
Buy=Sell=Short=Cover=0;
AddColumn(C,"Close",1.2);
AddColumn(ResBase,"Resistance",1.2);
AddColumn(SupBase,"Support",1.2);
_SECTION_END();
------------------------- End Code
---------------------
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of rashmo_70
Sent: Tuesday, November 06, 2007
1:16 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] graham
Kavanagh Support and resistance levels using RSI.
Please is it possible to do a scan on the formula below to generate
support & resistance prices other than browsing each chart?.
thanks.
_SECTION_BEGIN("support and resistant");
//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)
;
_SECTION_END();
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