[amibroker] graham Kavanagh Support and resistance levels using RSI.

["rashmo_70" <rashmo_70@xxxxxxxxx>]

Please is it possible to do a scan on the formula below to generate
support & resistance prices other than browsing each chart?.

thanks.
_SECTION_BEGIN("support and resistant");
//Support and resistance levels using RSI.
//graham Kavanagh May 2003
//Load into Indicator Builder
//Sensitivity of the levels can be changed with the variables
//Can test different numbers live with the Param function ctrl-R with
open pane
RSIperiod	= 5;	// Param("RSI p",3,14,30,1);
Percent 		= 5;	//	Param("ZIG %",8,9,15,1);
EMAperiod 	= 5;	//Param("EMA p",4,5,10,1);
HHVperiod 	= 5;	//Param("HHV p",3,5,10,1);
NumLine 		= 1;	//Param("Num Lines",3,1,20,1);

Base = DEMA(RSI(RSIperiod),EMAperiod);

GraphXSpace=0.5;
Plot(C,"",colorBlack,styleCandle);

for( i = 1; i <= numline; i++ )
{
ResBase = LastValue(Peak(Base,Percent,i));
SupBase = LastValue(Trough(Base,Percent,i));
Plot(ValueWhen( ResBase==Base, HHV(H,HHVperiod) ), "Resist Level",
colorRed, styleLine);
Plot(ValueWhen( supbase==Base, LLV(L,HHVperiod) ), "Support Level",
colorGreen, styleLine);
}
Title = Name() + "; " + Date() + ": Support & Resistance Levels using
RSI: " + /*EncodeColor(colorGreen)+ "Support Levels are Green;
"+EncodeColor(colorRed)+ "Resistance Levels are Red:
"+EncodeColor(colorBlack)+*/ "Num lines ="+WriteVal(numline,1) ; 
_SECTION_END();



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