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Re: EL support or resistance functions



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Don't you remember Bill's movie about systems?  He said they had never
seen a support and resistance system that works.  Poor Bill.  I've
used several and they worked for me.  Must be a fluke.

Sorry though I don't have any code anymore.  I gave up systems and
went back to discretionary.


Jimmy


I'm busy writing a function in TS4 to determine the point on a support line for 
tomorrow's bar underneath a range, using the Lows and gradients and a loop over 
the lows to determine the 2 lowest price points from which to extrapolate.

Of course it's proving to be a complicated process and it occurred to me that it 
might have been provided in TS2000i by default.

Plus of course it would also be nice to know if there are hundreds of TS traders 
using support and resistance algorithms in their mechanical trading.

Anyone?

Thanks
Adam