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RobW  
#1 Posted : Sunday, March 16, 2008 9:51:15 AM(UTC)
RobW

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Joined: 10/27/2007(UTC)
Posts: 11

Is there an indicator to plot support and resistance based on the closing price?

Thanks

mahen1602  
#2 Posted : Monday, March 17, 2008 8:57:39 AM(UTC)
mahen1602

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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;
RobW  
#3 Posted : Wednesday, March 19, 2008 5:57:48 AM(UTC)
RobW

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Joined: 10/27/2007(UTC)
Posts: 11

Thank you for the indicator. How do I determin how many periods to go back? I have attached a link to a chart for APH.V and using your indicator, gone back two periods. Tell me if I am wrong, but the support and resistance displayed by this indicator is not correct.

Thanks

http://charts.skunkwerkz.ca/aph3.gif

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