[EquisMetaStock Group] Supp. and Resi. Lines on Intraday Chart

[amit 2007 <amita_investor@xxxxxxxxx>]

Hi All,

 

I am using metastock for intraday trading.(5min and 15min chart, can compress to daily). I would like to have support and resistance lines (Indicator) plot on intraday
chart based on last days High, Low, Close. Lines must be static.

 

The formula for supp. and Resi. is given below:-

 

  Support 3  ROUND(Pivot-(High-Low)*2,2)

  Support 2  (Pivot-(High-Low),2)

  Support 1  ((2*Pivot)-High,2)

  Pivot   (High+Low+Close)/3

  Resistance 1   ((2*Pivot)-Low,2)

  Resistance 2  (Pivot+(High-Low),2)

  Resistance 3  (Pivot+(High-Low)*2,2)

 

I am attaching  a picture shows supp. and resi. lines.( done it manually). Do  anyone have the formula for Metastock Indicator for this automatically?

Thanks in advance

Amita

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