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How can you encode a MA that comes within 2% of it Support
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Does anyone know how to encode a 10 period MA that comes within 2 percent of it support or resistence level?
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What type of average are we talking about ? ( exponential, simple, variable , ... )
How do you calculate the support and resistance values?
Patrick :mrgreen:
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Rank: Advanced Member
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Joined: 4/27/2005(UTC)
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I wanted to use a exponential moving avg. I'm really just interested in how you write the formule so it is within 2% of another varible. The support is going to be the normal formula of
Resistance 3 = High + 2*(Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)
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Rank: Advanced Member
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It's easy :D
Cross(Variable1,Variable2*.98)
or the opposite
Cross(Variable2*1.02,Variable1)
Patrick :mrgreen:
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There is a difference between the 2% of Variable*1.02 and the 2% of variable*.98
for a true 2% difference
A:=Mov(C,10,S);
Upper:=A*1.02;
Lower:=(2*A)-Upper;
Upper;A;Lower;
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How can you encode a MA that comes within 2% of it Support
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