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

RE: [AmiBroker] graham Kavanagh Support and resistance levels using RSI.



PureBytes Links

Trading Reference Links

Grover,

It actually uses several functions that relay on the Zig – Peak, Trough and Zig. I am not a great programmer, so I do not totally understand why Graham Kavanagh was using those functions.  I just got involved on this one by answering a question on how to  set up the formula as an exploration. I can’t understand the code, so I will not use the indicator.  You might drop Graham a note and ask him to explain it to you. He is usually very helpful.

 

 

Donald F Lindberg


From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of Grover Yowell
Sent: Saturday, November 10, 2007 7:41 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [AmiBroker] graham Kavanagh Support and resistance levels using RSI.

 

Don,

 

I got your code to work by changing the filter, as you said.

 

But what is your take on the fact that the Zig function is involved so the code can look into the future?

 

Grover

 

From: amibroker@xxxxxxxxxps.com [mailto:amibroker@yahoogroups.com] On Behalf Of Don Lindberg
Sent: Saturday, November 10, 2007 10:12 AM
To: amibroker@xxxxxxxxxps.com
Subject: RE: [AmiBroker] graham Kavanagh Support and resistance levels using RSI.

 

That probably is due to the fact that I set some filters within the code. Check the line Filter= and set it to what you want. Read the code.

 

Donald F Lindberg


From: amibroker@xxxxxxxxxps.com [mailto:amibroker@yahoogroups.com] On Behalf Of Rasheed Momoh
Sent: Friday, November 09, 2007 6:53 PM
To: amibroker@xxxxxxxxxps.com
Cc: dlindber@xxxxxxxxxxnet
Subject: RE: [amibroker] graham Kavanagh Support and resistance levels using RSI.

 

hi
just wanted to confirm
1 when i run the code and click explore. it does not pick the support resistance of all the stocks.
out of 205 stocks it only shows 45.
kindly assist


--- On Tue, 11/6/07, Rasheed Momoh wrote:

From: Rasheed Momoh
Subject: RE: [amibroker] graham Kavanagh Support and resistance levels using RSI.
To: amibroker@xxxxxxxxxps.com
Cc: dlindber@xxxxxxxxxxnet
Date: Tuesday, November 6, 2007, 3:14 PM


I have sent an attachment to show u want the support resistance figures r generating.
for example UAC-PROP on the chart is showing a range of 19-21. the formula you sent me is showing 42.81-37.73.
pls what do i do.

abdulrasheed


--- On Tue, 11/6/07, Don Lindberg wrote:

From: Don Lindberg
Subject: RE: [amibroker] graham Kavanagh Support and resistance levels using RSI.
To: amibroker@xxxxxxxxx ps.com
Date: Tuesday, November 6, 2007, 2:19 PM

I have put in basic code to allow you to run as exploration. You can narrow your search by changing the criteria in the Filter Statement.

 

------------ --------- ------ Begin Code ------------ --------- ---

_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) ;

Filter=C>10 AND C75 AND ResBase>=1 AND SupBase >=1;

Buy=Sell=Short=Cover=0;

AddColumn(C,"Close",1.2);

AddColumn(ResBase,"Resistance",1.2);

AddColumn(SupBase,"Support",1.2);

 

_SECTION_END();

 

------------ --------- ---- End Code ------------ ---------

 

Donald F Lindberg


From: amibroker@xxxxxxxxx ps.com [mailto: amibroker@xxxxxxxxx ps.com ] On Behalf Of rashmo_70
Sent: Tuesday, November 06, 2007 1:16 PM
To: amibroker@xxxxxxxxx ps.com
Subject: [amibroker] graham Kavanagh Support and resistance levels using RSI.

 

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,"",colorBlac k,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( );


____________ _________ _________ _________ _________ __
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around
http://mail. yahoo.com


__________________________________________________
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around
http://mail.yahoo.com

__._,_.___

Please note that this group is for discussion between users only.

To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com

For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/

For other support material please check also:
http://www.amibroker.com/support.html




Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___