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Joined: 10/29/2004(UTC)
Posts: 1,394
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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