[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: support/resistance lines



PureBytes Links

Trading Reference Links

I am not sure if the support/resistance lines are the same basic calculation
as the supp/resis lines I posted a couple of months ago, if they are this
may help.
Ultimately though you are probably going to have to avoid using omega's code
and rely entirely on your own code.

Some of you may have noticed there is sometimes a glitch in the resis2 plot
on the last bar of the day, when written as Resis2 = ((Resis1-Supp1)+Pivot);
At the beginning of this month while working on a daily version of this
indicator called Cole's Range I found by changing the formula to Resis2 =
(Pivot+ (MyHighD - MyLowD)); the indicator now plots correctly.
The Cole's way of doing the math is simpler yet it yields the same end
result.
Remember MyHighD and MyLowD are Yesterdays High and Low

Neville

-----Original Message-----
From: Bob Carlin <carlin7300@xxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Monday, February 12, 2001 1:26 PM
Subject: support/resistance lines


>This is my first few days with Tradestation Pro. Lo
>and behold, the first custom study I've tried has a
>strange result. I wonder if anyone has this problem,
>or perhaps is approaching this study in a more
>intelligent way.
>
>I formatted the support/resistance lines for the line
>percentages I wanted. On some calculations, the
>percentages are correct. On others they aren't. You
>can see exactly what's happening in the attached gif.
>
>If anyone has any suggestions, I'd certainly be
>delighted.
>
>Best,
>Peter Zetlin
>
>
>
>
>=====
>Bob Carlin
>