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Re: Support & Resistance?



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I think that you've got an error in your syntax
in   If(Ref(HIGH,-4)=HHV(HIGH,9),Ref(HIGH,-4),PREVIOUS)
shouldn't the "=" sign be either ">=" or "<="?

The way you have it will only plot a straight line, unless in the rare event
that (H,-4) =HHV(HIGH,9),

Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Gerald Novak" <gnovak@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, November 27, 2001 7:54 AM
Subject: RE: Support & Resistance?


> Maybe a dumb question Frans, but when I place the formula for R1 -
> If(Ref(HIGH,-4)=HHV(HIGH,9),Ref(HIGH,-4),PREVIOUS)
> in an indicator, I get a continuous line.  Did you manually alter the line
> at all?
>
>
> I tried putting the resistance formulas in an exploration to look for
> crossings but it was tremendously slow.
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Frans Derksen
> Sent: Tuesday, November 27, 2001 12:46 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: Support & Resistance?
>
>
>
> Gerald,John,Lionel et all.
>
> See attachement.
>  Blue= support
>  White is= resistance
>
> This is for the S1 and R1 formula's.
>
> I use MS EOD 7.02 and just copied and pasted the formula's from the
> Equis-site.
>
> I don't know how to put these into the Explorer but there must be a (easy)
> way........
>
> Regards,
> Frans
>
> At 10:09 AM 11/25/2001 -0600, you wrote:
> >Frans -
> >Thanks for the help.
> >Am I to assume that I would make an indicator for each: S1, S2,
> >...WSO,...R1...etc and then reference those in explorer in a filter (as
in
> >the Enter Long)?
> >
> >
> >-----Original Message-----
> >From: owner-metastock@xxxxxxxxxxxxx
> >[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Frans Derksen
> >Sent: Saturday, November 24, 2001 2:49 PM
> >To: metastock@xxxxxxxxxxxxx
> >Subject: Re: Support & Resistance?
> >
> >
> >
> >Gerald et all,
> >
> >My suggestion:
> >
> >Go here: http://www.equis.com/customer/support/formulas/cf00090.html
> >
> >Put those in the explorer and off you go.
> >
> >Enjoy your weekend.
> >Frans
> >
> >At 04:42 PM 11/23/2001 -0600, you wrote:
> >>Gerald:
> >>You have a valid point. You have to decide how far back you want to
look.
> >>Lionel Issen
> >>lissen@xxxxxxxxxxxxxx
> >>----- Original Message -----
> >>From: "Gerald Novak" <gnovak@xxxxxxxxx>
> >>To: <metastock@xxxxxxxxxxxxx>
> >>Sent: Friday, November 23, 2001 2:46 PM
> >>Subject: RE: Support & Resistance?
> >>
> >>
> >>> Price Channel is OK, but it doesn't have any "smarts" behind it. You
> >can't
> >>> really use LowestSince because you don't know how far back to go to
get
> >>the
> >>> lowest, or, in the case of upper, the peaks...
> >>>
> >>>
> >>> -----Original Message-----
> >>> From: owner-metastock@xxxxxxxxxxxxx
> >>> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
> >>> Sent: Friday, November 23, 2001 1:10 PM
> >>> To: metastock@xxxxxxxxxxxxx
> >>> Subject: Re: Support & Resistance?
> >>>
> >>>
> >>> Metastock has a price channel indicator. This might be of help
> >>> Lionel Issen
> >>> lissen@xxxxxxxxxxxxxx
> >>> ----- Original Message -----
> >>> From: "Gerald Novak" <gnovak@xxxxxxxxx>
> >>> To: "list Group Metastock (E-mail)" <metastock@xxxxxxxxxxxxx>
> >>> Sent: Friday, November 23, 2001 11:24 AM
> >>> Subject: Support & Resistance?
> >>>
> >>>
> >>> > Does anyone use Metastock Explorations to determine
> Support/Resistance?
> >>> > I know that I can visually determine a line over the past X months,
> but
> >>> I'm
> >>> > wondering if there is an approximate formula that can be applied to
an
> >>> > exploration to determine those stocks hitting up against support  or
> >>those
> >>> > stocks hitting up against resistance.
> >>> >
> >>> > Jerry
> >>> >
> >>>
> >>
> >>
> >
> >
>