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I noticed that although Cole has a different way of doing the math the
results are exactly the same as the Support and Resistance levels posted on
the list recently.
You did not say what version of TS you are using so here are Cole's Range
for Daily Data ela's.
The ones ending in _Q are for the Quickeditor in case you have Supercharts
EOD.
Neville
{ Indicator Cole's Pivot Daily }
{ Uses yesterdays prices to plot todays Support - Resistance levels using
Daily Data }
Vars: Pivot(0);
Pivot = ((H+L+C)/3);
Plot1(Pivot[1],"Cole'sPivot");
*********************************
{ Indicator Cole's Range Daily }
Vars: CalcR2(0), CalcR1(0), CalcS1(0), CalcS2(0);
CalcR2 = ((H+L+C)/3) + (High - Low);
CalcR1 = ((H+L+C)/3) + (((H+L+C)/3) - Low);
CalcS1 = ((H+L+C)/3) - (High - ((H+L+C)/3));
CalcS2 = ((H+L+C)/3) - (High - Low);
Plot1(CalcR2[1],"R2");
Plot2(CalcR1[1],"R1");
Plot3(CalcS1[1],"S1");
Plot4(CalcS2[1],"S2");
************************
{ Indicator Cole's Pivot Daily_Q }
Plot1(((H+L+C)/3)[1],"Pivot");
*************************
{ Indicator Cole's Range Daily_Q }
Plot1((((H+L+C)/3) + (High - Low))[1],"R2");
Plot2((((H+L+C)/3) + (((H+L+C)/3)-Low))[1],"R1");
Plot3((((H+L+C)/3) - (High - ((H+L+C)/3)))[1],"S1");
Plot4((((H+L+C)/3) - (High - Low))[1],"S2");
*************************
-----Original Message-----
From: Luis Mota <luis.mota@xxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Wednesday, January 31, 2001 2:29 PM
Subject: Cole's Range
>Hello list,
>
>Could someone send me an ELA for Cole's Range for daily and/or weekly
>charts?
>
>The formula is as follows:
>
>R2 Resistance --- 2 K + (H - L)
>R1 Resistance --- 1 K + (K - L)
>K Key --- (H + L + C)/3
>S1 Support 1 --- K - (H - K)
>S2 Support 2 --- K - (H - L)
>
>Also, since i don't know squat about EL, my trading system has the
following
>(among onther stuff):
>I have this combo of indicators one upon another: An MME, Keltner Channels
>and RSI (this one, i just use the support/resistance lines). What i'd like
>to do say is, when the MME crosses over the Channels I want to paint an up
>arrow on the corresponding bar on the chart; and when the MME crosses under
>the Channels i want to paint a down arrow on the corresponding bar on the
>chart. I's also like to have an alert for this crossovers.
>
>Thanks in advance,
>LMM
>
>
Attachment:
Description: "Sup-res.ela"
Attachment:
Description: "Cole's.ela"
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