Hello
On Daily Chart you can use Price Channel
of 240. Generally in India we have approx 240 trading days.
Chart – NIFTY attached with Price
Channel 240 day for Daily
-----Original Message-----
From: pumrysh
[mailto:no_reply@xxxxxxxxxxxxxxx]
Sent: Wednesday, November 24, 2004 12:03 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group]
Re: plotting indicator in future
Hormuz,
Try this:
LLV(L,228);
It will plot the lowest low value of the low for
the last 228 days
which I believe is the number of trading days in a
year(may need to
be adjusted though).
To get anything plotted beyond the hard right
edge...last day of
data, you would need to plug in some ficticious
data beyond the
current valid data.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, hormuz
maloo
<hormuzmaloo@xxxx> wrote:
>
> Preston,
>
> What I meant was, assuming future price does
not move
> lower than the current 52 wk low.
>
> To make things clearer:
> A 52 wk low will change if
> a) a new low is made or
> b) due to the oldest weekly low being
dropped.
> What I want is a depiction of how the 52 wk
low would
> look in the future if a new low is not made.
>
> In still other words:
> We plot a 52 wk low by starting from current
date
> (say 19-11-2004) and looking 52 weeks
backwards.
>
> Now start from next friday (26-11-2004), look 52 wk
> backwards and plot the lowest point. The week
after
> that (3-12-2004), start from that
date, look 52 wk
> backwards and plot the lowest point.
>
> Can this be done?
> The formula for the indicator is not
difficult. What I
> do not know is whether it is possible to plot
values
> to the right of the current date in the
metastock
> chart.
>
> Thanks for your patience,
>
> regards,
> Hormuz
>
>
>
>
> ---------------------------------
> Message:
7
> Date: Mon, 22 Nov 2004 18:33:15 -0000
> From: pumrysh
> Subject: Re: plotting indicator in future
>
>
> Hormuz,
>
> IF you can provide price data for the future
I am sure
> there are a
> lot of people who would very much like to
talk with
> you...bottomline...it does not exist, yet!
>
> In Metastock you can plot data that exist,
therefore
> we can plot a
> weekly chart and the weekly lowest low for 52
weeks
> but this
> information is based on data that exist to
the
> present.
>
>
>
> Preston
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, hormuz
maloo
> <hormuzmaloo@xxxx> wrote:
> >
> > Hi everybody,
> > Is there any way to plot an indicator
for future
> dates
> > in metastock.
> > For eg, I want to view a 52 wk low for
the next
> three
> > months. (Nov 2004 to Feb 2005).
> > Thanks,
> > Hormuz
> >
> >
>
>
>
>
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