|
PureBytes Links
Trading Reference Links
|
Tony-
If you don't want to do all the calculations yourself:- On the Equis site
they are selling "Dynamic Trading Tools" - Profitting from Support and
Resistance Breakouts. I found this quite usefull. The formulas is not pw.
protected so you could see how it is written/compiled for your own
undestanding/education. It is only available in the Indicator Quiklist and
Expert Advisor. It includes Support, Resistance and Trendlines (upper &
lower)for the longer and shorter periods and for manual and auto modes. It
also comes with a little manual-which is actually not necessary. I hope this
help.
Cheers
Wilhelm
NS. Abovementioned is best used with the Profitunity concept as described by
Bill Williams in his second book NEW TRADING DIMENSIONS. This is included in
the MS 7 s/w. (Plot the AC Red and Green in one window and do the same with
the AO. Change the style of all four to histogram. Change the AC and AO
green to the colour green. The AO is the "MACD-momentum" and by crossing the
zero-line shows a change in trend. The change in colour above or below the
zero-line shows the minor waves/moves. The AC is not zero-line or threshold
based and is only showing the ac/deceleration of the of the AO-momentum.)
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Tony
Sent: 13 August 2000 02:21
To: metastock@xxxxxxxxxxxxx
Subject: Support/Resistance Calculations
Newbie help please.
I have been eyeballing support and resistance levels and using
horizontal lines on pricecharts.
I desire to become more sophisticated and use Metastock formulas to
determine primary and secondary support and resistance levels. Any
hints as to how to go about this.
Thanks.
tony
|