Re: [Metastockusers] More Clayburg - One question

[Vinit Bolinjkar <v_bolinjkar@xxxxxxxxxxx>]

HI kevin does metastock make c,+1 days in the
indicator formations


Vinit
--- Kevin <kevin_barry@xxxxxxxxxxxxxx> wrote: 
---------------------------------
A little while ago, I posted an indicator that
highlighted candlestick 
formations as they were forming on realtime charts.
Here is a variation 
that will highlight Clayburg's support and resistance
points as they are 
developing:

Create a new indicator called Clayburg S/R Histogram
(or whatever). Paste 
in the following formula:

{Category 1 High}
Cat1H:=
If(Ref(H,-1) < H AND
    Ref(H,+1) < H,
    1, 0);

{Category 1 Low}
Cat1L:=
If(Ref(L,-1) > L AND
    Ref(L,+1) > L,
    -1, 0);

{Category 2 High}
Cat2H:=
If(Ref(H,-2) < H AND
    Ref(H,-1) < H AND
    Ref(H,+1) < H AND
    Ref(H,+2) < H,
    2, 0);

{Category 2 Low}
Cat2L:=
If(Ref(L,-2) > L AND
    Ref(L,-1) > L AND
    Ref(L,+1) > L AND
    Ref(L,+2) > L,
    -2, 0);

{Category 3 High}
Cat3H:=
If(Ref(H,-3) < H AND
    Ref(H,-2) < H AND
    Ref(H,-1) < H AND
    Ref(H,+1) < H AND
    Ref(H,+2) < H AND
    Ref(H,+3) < H,
    3, 0);

{Category 3 Low}
Cat3L:=
If(Ref(L,-3) > L AND
    Ref(L,-2) > L AND
    Ref(L,-1) > L AND
    Ref(L,+1) > L AND
    Ref(L,+2) > L AND
    Ref(L,+3) > L,
    -3, 0);

Cat1H;
Cat1L;
Cat2H;
Cat2L;
Cat3H;
Cat3L;

When you have finished, plot the indicator on any
chart. Click on one 
example of each of the six plots and change the style
to histogram and, if 
you prefer, the high plots to green and the low plots
to red. Add one 
horizontal line with a value of zero for aesthetic
reasons. Save as a 
template. The height of each line will indicate which
category has been 
identified corresponding to the Y-axis scale.

Cat 3 S/R points are more significant than Cat 2,
which, in turn, are more 
significant than Cat 1. The indicator will
automatically upgrade the 
category as and when the need arises.

Enjoy,
Kevin



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