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Robert,
Sounds like support/resistance lines to me. See if this helps:
http://trader.online.pl/MSZ/e-w-Support_and_Resistance_Levels.html
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "robcpettit" <robcpettit@xxxx>
wrote:
> Is it possible to draw horizontal lines using an indicator. What Id
> like to be able to do is, when the close is rising draw a horizontal
> line say 5 bars wide under that close. When the close is not rising do
> nothing. I want to be able to draw these lines over the whole history
> of the chart and not ust at todays value. Basically its a stop loss
> signal if I can draw lines I can offset a certain percentage from the
> close. The reason for drawing them over the history of the stock is so
> I can test past sell signals. Thankyou for any advice
> Regards Robert
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