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.ela for automatic support/resistance lines ?


  • To: "Omega List" <omega-list@xxxxxxxxxx>
  • Subject: .ela for automatic support/resistance lines ?
  • From: "Kent Shaw" <kshaw@xxxxxxxxxxxx>
  • Date: Thu, 23 Mar 2000 21:33:55 -0800
  • In-reply-to: <Pine.SUN.4.21.0003232002380.24903-100000@xxxxxxxxxxxxxxxxxx>

PureBytes Links

Trading Reference Links

This is a great idea (I think) for intraday traders and even position
traders may find it useful :
I want to code horizontal lines (like the drawing objects you can add from
the icon) that are located at the 3 most
recent swinglows of a particular strength and then do the same for
swinghighs. And then right the code so that  when a new line is created the
oldest one is deleted. I think this would be great so you don't have to keep
doing this by hand during the trading day
and I think it makes you more aware of upcoming levels that you might not
see right away.
The problem with this is I have absolutely NO experience coding trendlines.
I have written millions of show me studies but
no trendline code. The .ela help is completely useless as expected.

ANY help at all in this area would be VERY VERY welcome and I think other
traders here may appreciate it as well.
If someone can help , other perks would be to have the lines above the
current price turn red and the lines below the price
turn green.

many THANKS in advance !!!!


        Kent Shaw