need help on formula

#4
Traderji said:
How do you identify/define the support price? If you clarify this I can probably help you.
RESPECTED TRADERJI,

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.
 

Traderji

Super Moderator
#5
sachin divase said:
RESPECTED TRADERJI,

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.
From the attached chart you have provided it seems that what you need is a trendline breakout exploration.

You can try Metastock Automatic Trendline Add-in 1.0
 

Traderji

Super Moderator
#6
cmlee said:
i have an indicator that calculates the support price, but it is password protected.
how can i make use of this indicator?
If the current price is below the support indicator use this:

cross(c,ref(support indicator,-1)))

If the current price is above the support indicator use this:

L <= support indicator
 
#8
what does L means?

Traderji said:
If the current price is below the support indicator use this:

cross(c,ref(support indicator,-1)))

If the current price is above the support indicator use this:

L <= support indicator
 

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