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michael.arnoldi@xxxxxxxx wrote:
>
> in user's manual of ms 6.0 on page 211 there is a formula for support &
> resistance. has anyone tried it ?
> i ploted it as a drop on indicator on top of a chart with out a scale &
> all i get is a horizontal line with a few spikes here & there, when
> dropped with integrating with scale, i get a flat line at zero - any
> ideas ?
>
> mike
There is a formula refering to support and resistance on page 211 in the
MS 6.5 manual. Try plotting it in a separate window above the chart. It
is a binary indicator. It plots a 1 (TRUE) if the price is inside a
channel defined by the support and resistance variables. Otherwise, it
plots a zero (FALSE). It is not designed to draw support and resistance
lines on a chart.
Hope this helps,
David.
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