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Re: Support & Resistance?



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Lionel,

I haven't the faintest idea. Maybe you can ask the inventor himself:
Mel Widner, Ph.D., 703 791-5910 E-mail: techstrategies@xxxxxxxx

Rgds
Frans


At 07:40 PM 11/27/2001 -0600, you wrote:
>If that is the case, why do you need this if statement? There is only a very
>small probability that High -4 will be equal to HHV(High,9).
>Lionel Issen
>lissen@xxxxxxxxxxxxxx
>----- Original Message -----
>From: "Frans Derksen" <fjderksen@xxxxxxxxx>
>To: <metastock@xxxxxxxxxxxxx>
>Sent: Tuesday, November 27, 2001 3:47 PM
>Subject: Re: Support & Resistance?
>
>
>>
>> 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
>> >> >>> >
>> >> >>>
>> >> >>
>> >> >>
>> >> >
>> >> >
>> >>
>> >
>> >
>>
>
>