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I need the Metastock code of a dynamic support line, represented
through Support-Indicator Investox (German-Program)
By the fact one understands that outgoing from the last support point
of reversal (support), at least e.g. 2 points a course descent takes
place, which is confirmed by following at least e.g. 5 points an
improvement in prices as low (instead of points one often takes %)
thus the new point of reversal (support level) by the 5 points
reaction confirmed.
At the new point of reversal (low) (can be higher or deeper than the
old low) now the CLOSE course determined and exactly these is the new
support level.
In other words: Outgoing from the last point of reversal, bar for
bar e.g. 2 Low and 5 High a point movement is practically constantly
looked for. This is fulfilled, that would be then a hit (a new point
of reversal).
One realizes the whole in Investox (German-Program) with
Indicator Support(Close, 2, 5, P); 2 points for Low movement,
5 points for High movement, P for points (% would be for per cent)
The picture -> see your Link Files -> see mainly forum-bild1.gif (and
also forum-bild2.gif) shows that to 27.6.2000 this new support level
by the CLOSE course of this black candle is determined.
Close=low=49,89 is coincidental. (here Example is Points)
Left one by the way sees the Scala of the EON course, on the right
of which runs along Scala SuppBars indicator only to the assistance
and only measures like for a long time the current (the latter)
support level persists.
Very thanks for possibly help.
Exeuse me my badly Englich. Ich needed a Translator.
Aegonman
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