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Re: Support & Resistance?



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Hello Lionel,

Well they are not "my" formula's that's too great an honnor <G>

No error here as I just copied it from the equis-link.

I think it means : if the first statement {Ref(HIGH,-4)=HHV(HIGH,9} is true
than start to draw a line (style: points) at the Ref(HIGH, -4) level,
otherwise (if not true) than use the previous line.

Rgds
Frans


At 12:58 PM 11/27/2001 -0600, you wrote:
>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
>> >>> >
>> >>>
>> >>
>> >>
>> >
>> >
>>
>
>