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No Metastock cannot present straight (forward) Horizontal Support/Resistance Lines.
Workaround is the TAS program or the OMEGA or TechniFilter(?) program(s).
Much like (automaticaly drawing of) Diamonds & other patterns, support&resistance
lines are considered to be minor, eg not of much value, by the MS-program-makers, while
everywhere else these are everywhere standard used: in Trading Rooms and in TA-analysts'
headquarters, so except for the, in this, very un-professional MetaStock TA-program.
Regards,
Ton Maas
ms-irb@xxxxxx
----- Original Message -----
From: fbg <fbg@xxxxxxxxxxxxxx>
To: *Cyberspace EQUIS User Group <metastock@xxxxxxxxxxxxx>
Sent: donderdag 18 februari 1999 5:24
Subject: Support/Resistance
>
> Does anyone have the formulas or workaround to allow the (Indicator)
>Support/Resistance Lines, either auto or manual, to display only one
>straight Horizontal line, which is located, respectively, near the level
>of low or high for whatever time period used, be that anywhere from a
>few weeks to a few years?
> Actually an even better outcome to this, for me, would be if an
>Indicator would look back in time and use multiple lows or highs,
>depending on Support/Resistance, for its calculations.
> Could it be that I am missing something in 6.52, maybe what I seek
>is already there?
>
>-- Frank :-)
>
>
>
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