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Arun,
Here is your code. Let me warn you though that using peak/trough is
DANGEROUS because of its dynamic character...meaning the signals
will change in the same way that the zigzag changes.
Just to make sure you understand even Spyros Raftopoulos when
writing about the ZigZag indicator had to use a validity indicator
inorder to verify his signals.
Periods := Input("Number of volume periods",5,120,60);
n := Input("Number of times average volume",2,10,2);
Event:= V>=(n*Mov(V,Periods,S));
Pk:=If(event,Peak(1,H,0.05),0);
Tr:=If(event,Trough(1,L,0.05),0);
Pk;
Tr{end}
enjoy,
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, Arun Singh <arun103@xxx>
wrote:
>
> Hi Preston
>
> I'm interested in identifying Pks/Tr formed at more than double
volume to find levels of strong resistance/support. Therefore:
>
> 1) If the condition is not met then I want a zero to be plotted.
>
> 2) The actual Pk/Tr values -- as support/resistance.
>
> I realize that this cannot be overlaid on a price chart but it
can be plotted in a separate inner window.
>
> Regards.
>
> Arun
>
>
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