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henry1224  
#1 Posted : Saturday, April 16, 2005 2:25:11 PM(UTC)
henry1224

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Joined: 10/29/2004(UTC)
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Location: Glastonbury, CT

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This formula plotted on the price chart shows where you might find price support & Resistance if the equity gaps up or down A:=If(GapUp()=true,(L-Ref(H,-1))*.5+Ref(H,-1),If( GapDown()=true,(Ref(L,-1)-H)*.5+H,PREV)); A; This formula help in eliminating small gaps rng:=Abs(H-L); GS:=If(GapUp(),L-Ref(H,-1),If(GapDown(),Ref(L,-1)-H,PREV)); A:=If(GapUp()=true AND GS>rng*.75,(L-Ref(H,-1))*.5+Ref(H,-1),If( GapDown()=true AND GS>rng*.75,(Ref(L,-1)-H)*.5+H,PREV)); A;
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