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

To: Ron Russell who wrote (2395)	10/30/1998 9:10:00 AM
From: Vic	Read Replies (1) \| Respond to of 4056

My metastock 6.5 will not accept this formula as it is written,can someone figure out whats wrong with it? 1998 September TASC Trader's Tip - Simple Moving Average with Resistance and Support In this issue, Dennis L.Tilley uses support and resistance to confirm price and SMA crossover signals in his article "Simple Moving Average with Resistance and Support". In MetaStock for Windows, you can easily recreate the SMARS Indicators discussed in Tilley's article. First, choose Indicator Builder from the Tools menu in MetaStock 6.5. Next, choose New and enter the following formulas: Resistance and Support LookBack := Input("Look Back Periods",1,1000,10); Resistance :=ValueWhen (1,Cross(Mov(C, LookBack, S),C),HHV(H, LookBack)); Support :=ValueWhen (1,Cross(C,Mov(C, LookBack, S)),LLV(L, LookBack)); Resistance; Support; Resistance and Support * F PrCnt:=Input("Percentage",0,100,10); LookBack:= Input("Look Back Periods",1,1000,10); Resistance:=ValueWhen(1,Cross(Mov(C,LookBack,S),C),HHV(H,LookBack)); Support:=ValueWhen(1,Cross(C,Mov(C,LookBack,S)),LLV(L,LookBack)); Resistance * ((100-prcnt)/100); Support * ((prcnt/100)+1); Note* It is much easier to see the difference between the actual "Resistance and Support" lines and the "Resistance and Support * F " lines if you change the color and/or style of one of them. * To Display the Indicators in MetaStock 6.5 Drag the "Moving Average" indicator from the Indicator QuickList into the price window. Choose Simple as the method, enter the time periods and then click OK. Now, drag the "Resistance and Support" indicator from the QuickList into the price window. You will be prompted to enter the "Look Back" periods. You should select the same time periods you used with the "Moving Average". Finally, drag the "Resistance and Support * F" indicator into the price window. You will be prompted to enter the "Percentage" and the "Look Back" periods. If you would like the indicator to be a 10% difference from the "Resistance and Support" line, you would enter 10. You should select the same time periods you used with the "Moving Average". Allan McNichol Equis International