Technical Analysis- Indicators & Systems Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis- Indicators & Systems

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CynicalTruth who wrote (1164)	5/18/1997 12:51:00 PM
From: Claud B	of 3325

Hi John, I came across an article recently that discussed a way to find Support/Resistance areas. If you can, and have the time, I'd love to get the MS code for this indicator. 1) Add up the true ranges for the last five days and divide by five. This is the 5ATR. 2) Calculate a three-day simple moving average of the highs and a three-day moving average of the lows. 3) To calculate the 3x5ATR for potential resistance, add the 5ATR to the three-day moving average of the lows. To calculate the 3x5ATR for support, subtract the 5ATR from the three-day average of the highs. Like I said, if you have the time it would be appreciated. Claud

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next