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Strategies & Market Trends : Metastock 6.0 for Window -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (2060)5/21/1998 7:25:00 PM
From: Craig DeHaan  Read Replies (1) | Respond to of 4056
 
David,

You have to insert := for variable calls.
Check out this modified version. It works w/ a copy/paste as is.

Message 4213949

Craig



To: Magnatizer who wrote (2060)5/21/1998 8:49:00 PM
From: TechTrader42  Respond to of 4056
 
Oops: I left out a parenthesis at the end of S1. It should be:

S1: If(Ref(LOW,-4)=LLV(LOW,9),Ref(LOW,-4),PREVIOUS)

And you have to enter each formula in one at a time.

Create an indicator called S1 and put in the formula, then create one called S2, etc. Then plot S1 through 6 over the close, and R1 through 6 over the close. Then plot WSO and WRO in a separate window. I use S1 and R1 a lot, but don't find all the other support and resistance indicators to be as useful. Plus, a chart with all of them in it takes forever to load.

Have a look at how DELL broke over resistance over the past few months. And look at how T broke down through support recently. As for more recent move, look at F breaking through resistance yesterday. Also ASND. When I say resistance and support, I mean R1 and S1. Those are the most recent levels. As I said, you might want to dispense with the rest for most charts.

Brooke