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Explorer Indicator To Find Shares Using Support and Breakouts
 
        
            
            
    
        
Rank: Newbie
  Groups: Registered, Registered Users Joined: 9/20/2009(UTC) Posts: 6 Location: Australia
  
 
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                Hi all,
  I am relatively new to Metastock (using v11) and would like some advice. I want to find stocks that have either recently rebounded off a support level or have recently broken through a resistance level on high volume. I am hoping that the Explorer might have ready made indicators to do this for me. Does anyone know if this is the case and if so which ones they are?
  Thanks Shaun
  
            
  
         
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Rank: Advanced Member
  Groups: Registered, Registered Users Joined: 11/7/2005(UTC) Posts: 602
  
 
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                 You really have to start off by defining what you mean as support level and resistance level.   The two are different for a lot of traders. 
 
  
            
  
         
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Rank: Newbie
  Groups: Registered Users, Subscribers Joined: 1/15/2015(UTC) Posts: 1
  
 
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                Hi
I have a newbie question, does anyone know what the 9 would represent in the below parameter please?
S&R(9) Price Touched Support 
Much appreciated 
            
  
         
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Explorer Indicator To Find Shares Using Support and Breakouts
 
    
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