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#2
27th September 2005, 04:44 PM
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Re: need help on formula
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#4
27th September 2005, 05:16 PM
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Re: need help on formula
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I WOULD LIKE TO DEFINE WITH HELP OF IMAGE ATTACHED. SUPPORT MEANS 1)PRICE AT WHICH INVESTORS ARE WILLING TO PAY SAY RS 40/- ACCORDING TO CHART. 2)PRICE HESITATE TO FALL THAT LEVEL . 3)ACCUMULATION TAKES PLACE. 4)MOST OF THE TRADING TAKES PLACE AT THAT LEVEL. SIR , I AM ALSO TRYING TO EXPLORE SUPPORT LEVELS WITH HELP OF METASTOCK BUT YET NOT SUCCEED. I AM ALSO INTERESTED TO EXPLORE FOR BREAKING OF RESISTANCE LINE AS SHOWN IN CHART. WAITING FOR YOUR REPLY.
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#5
27th September 2005, 05:51 PM
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Re: need help on formula
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You can try Metastock Automatic Trendline Add-in 1.0
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#6
27th September 2005, 05:54 PM
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Re: need help on formula
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cross(c,ref(support indicator,-1))) If the current price is above the support indicator use this: L <= support indicator
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#7
27th September 2005, 06:03 PM
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Re: need help on formula
Respected Traderji,
Lot of thanks.
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#8
27th September 2005, 06:13 PM
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Re: need help on formula
what does L means?
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#9
27th September 2005, 06:19 PM
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Re: need help on formula
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