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Here is code for a very good dynamic Support/Resistance line from the
Winmidas program, adjustable as to starting point.
This code is in Metastock but WOW available.
cum(if(cum(1)<"days",0,mp0*v))/
cum(if(cum(1)=1,1,if(cum(1)< "days",0,v)))
the mp0 is the Mean Price Function, previously written as
.5*(H+L)
I find Easy Language impossible to understand and would appreciate it if
someone could covert this code to an .ELA to suit SC4.0, and of course TS,
and we could all use it.
thanks in advance keith
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