Support Board
Date/Time: Thu, 09 Jan 2025 08:52:43 +0000
Post From: Suggest Horizontal Sup/Resist Lines Trade Study
| [2016-07-16 16:40:43] |
| User791263 - Posts: 151 |
|
It's a summation of (lines near & above x wgts.) minus (lines below x wgts): Support lines below subtract from Resist lines above & near. ie: IF 3 Big Resist lines very near above Price,& No Support lines below = entering Sell Range. Define "near" distance of Price in Study Setting. (A later version might make closer within that distance a higher value) Output is Oscillator: High Resistance when subgraph near top Sell range High Support= SG at bottom (Buy area). An early version might set weight defaults in the Line Study by type: Historical, Intraday, Drawing, Study. (ie: Historical typically heavier weight- more controlling). Later version might allow override of such defaults via source: Drawing Alert settings, Chart settings, VbP, Hi-Lo for # Bars weight settings. |