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Below is the EL code for Dr. John's mystic proprietary Support
Resistance Levels. I had to create two Indicators because TS will only
allow 4 plots to each indicator. Thus I made two indicators to plot 3
plot each for a grand total of 6 possibilities. A few more targets and
we would have missed nothing with this type of analysis. Reminds me of
Murrey math ect.
Thanks to Dennis Holverstott for perfecting the code to expose the
well orchestrated plans of the Spam artist DR. and his crew of RT List
rule breakers.
{ the below plots the R Levels
S&P Futures range = high - low (day session only, not the 24 hour numbers)}
var:R3(0),R2(0),R1(0),S1(0),S2(0),S3(0),range99(0);
range99 = high - low;
R3 = close + range;
R2 = close + .55*range;
R1 = close + .27*range;
S1 = close - .27*range;
S2 = close - .55*range;
S3 = close - range;
Plot1(R3,"R3");
Plot2(R2,"R2");
Plot3(R1,"R1");
{ the below plots the S Levels
S&P Futures range = high - low (day session only, not the 24 hour numbers)}
var:R3(0),R2(0),R1(0),S1(0),S2(0),S3(0),range99(0);
range99 = high - low;
R3 = close + range;
R2 = close + .55*range;
R1 = close + .27*range;
S1 = close - .27*range;
S2 = close - .55*range;
S3 = close - range;
Plot1(S1,"S1");
Plot2(S2,"S2");
Plot3(S3,"S3");
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