Re: Support & Resistance?

["Roy Larsen" <rlarsen@xxxxxxxxxxxxx>]

Jerry

These formulas came from as issue of TASC some time back and offer one method of estimating S&R
areas with MetaStock.

  {Support}
LookBack:=Input("Look Back Periods",1,1000,10);
ValueWhen(1,Cross(C,Mov(C,LookBack,S)),LLV(L,LookBack));

  {Resistance}
LookBack:=Input("Look Back Periods",1,1000,10);
ValueWhen(1,Cross(Mov(C,LookBack,S),C),HHV(H,LookBack));

Roy

----- Original Message -----
From: "Gerald Novak" <gnovak@xxxxxxxxx>
To: "list Group Metastock (E-mail)" <metastock@xxxxxxxxxxxxx>
Sent: Saturday, 24 November 2001 06:24
Subject: Support & Resistance?


> Does anyone use Metastock Explorations to determine Support/Resistance?
> I know that I can visually determine a line over the past X months, but I'm
> wondering if there is an approximate formula that can be applied to an
> exploration to determine those stocks hitting up against support  or those
> stocks hitting up against resistance.
>
> Jerry
>
>
>