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[amibroker] S and R indicator



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Hi all

I was wondering if there is an indicator that will show Support and Resistance areas based on the frequency of the close/high/low have hit a certain price and provide a rating.  An example from a website:  http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=vlo#ttop

• Support and resistance types vary from Single (S), Double (D), Triple (T) and more than Triple (T+). (S,D,T,and T+ are the labels used on the 6 month chart)
• The type refers to the number times a stock has visited that resistance or support area over the past 6 months (Single=1 time, Double=2 times, Triple=3 times, Triple+= more than 3 times). The more times a stock has visited a particular price area in the past the stronger the resistance or support.
• Also provided is a strength number which varies from 1-10. This number represents the amount of accumulation or distribution used to create that support or resistance.
• Weaker resistance and support levels created with light distribution or accumulation have strength values from 1-3.


Thanks

Tony


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