support and resistance lines

["Igor Devisscher" <igor.devisscher@xxxxxxxxxx>]

<span
style='font-size:10.0pt;font-family:Arial'>Hy<font size=2
face=Arial> list,

<span style='font-size:10.0pt;
font-family:Arial'> 

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>I got the following support
and resistance formula: 

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'> 

<span lang=EN-GB
style='font-size:10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>AVd<font
size=2 face=Arial><span lang=EN-GB style='font-size:10.0pt;font-family:Arial;
mso-ansi-language:EN-GB'>:=If(CLOSE>Ref(Peak(1,H,1) ,-1),{then}1,{else}If(CLOSE<Ref(Trough(1,L,1),-1),{then}-1,{else}0));

<span lang=EN-GB
style='font-size:10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>ANv<span
class=GramE><span lang=EN-GB style='font-size:10.0pt;
font-family:Arial;mso-ansi-language:EN-GB'>:=<span
class=SpellE><span lang=EN-GB style='font-size:10.0pt;
font-family:Arial;mso-ansi-language:EN-GB'>ValueWhen<font
size=2 face=Arial><span lang=EN-GB style='font-size:10.0pt;font-family:Arial;
mso-ansi-language:EN-GB'>(1,AVd<>0,AVd);

<span lang=EN-GB
style='font-size:10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>SuRe<font
size=2 face=Arial><span lang=EN-GB style='font-size:10.0pt;font-family:Arial;
mso-ansi-language:EN-GB'>:=If(ANv=-1,{then}Peak(1,H,1),{else}Trough(1,L,1));

<span lang=EN-GB
style='font-size:10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>SuRe<font
size=2 face=Arial><span lang=EN-GB style='font-size:10.0pt;font-family:Arial;
mso-ansi-language:EN-GB'>;

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>I don&#8217;t remember where I
got this formula, but I like it very much. But I find it misses something. 

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>When you look closely to your
chart you will see that when de price is above the indicator it gives (shows) only
support.

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>When the price is under de
indicator the indicator it gives (shows) only resistance. 

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>Is there someone <span
class=GramE>( based on the same principal of this formula) who could ad
a second line that you see constantly support and resistance ad the same time ?

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>I tried to turn everything
around in the formula but I did not succeed or maybe it is not <span
class=SpellE>mossible??...

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>Or is there someone who has <span
class=GramE>an other support and resistance formula where you could see
constantly support and resistance at the same time&#8230;??

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>Many thanks and greetings

<span lang=EN-GB style='font-size:
10.0pt;font-family:Arial;mso-ansi-language:EN-GB'> 

<span lang=EN-GB
style='font-size:10.0pt;font-family:Arial;mso-ansi-language:EN-GB'>igor<font
size=2 face=Arial><span lang=EN-GB style='font-size:10.0pt;font-family:Arial;
mso-ansi-language:EN-GB'>