- Katılım
- 23 Eki 2020
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Copied from Technical Analysis of Stocks and Commodities Magazine. This is in regards to an article on page 51 of the May 1998 issue. In my article "Automatic support and resistance" in thisissue, I present a computerized approach to finding support and resistance levels on achart. To recreatethe indicators and system described in my article using MetaStock for Windows, enter the following formulas: Indicators: |
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S1 IF(Ref(LOW,-4)=LLV(LOW,9),Ref(LOW,-4),PREVIOUS) |
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S2 IF(Fml("S1")=Ref(Fml("S1"),-1),PREVIOUS,Ref(Fml("S1"),-1)) |
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S3 IF(Fml("S1")=Ref(Fml("S1"),-1),PREVIOUS,Ref(Fml("S2"),-1)) |
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S4 IF(Fml("S1")=Ref(Fml("S1"),-1),PREVIOUS,Ref(Fml("S3"),-1)) |
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S5 IF(Fml("S1")=Ref(Fml("S1"),-1),PREVIOUS,Ref(Fml("S4"),-1)) |
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S6 IF(Fml("S1")=Ref(Fml("S1"),-1),PREVIOUS,Ref(Fml("S5"),-1)) |
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WSO 100*(1( Int(Fml("S1")/CLOSE) + Int(Fml("S2")/CLOSE) + Int(Fml("S3")/CLOSE) + Int(Fml("S4")/CLOSE) + Int(Fml("S5")/CLOSE) + Int(Fml("S6")/CLOSE)) / 6) |
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R1 IF(Ref(HIGH,-4)=HHV(HIGH,9),Ref(HIGH,-4),PREVIOUS) |
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R2 IF(Fml("R1")=Ref(Fml("R1"),-1),PREVIOUS,Ref(Fml("R1"),-1)) |
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R3 IF(Fml("R1")=Ref(Fml("R1"),-1),PREVIOUS,Ref(Fml("R2"),-1)) |
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R4 IF(Fml("R1")=Ref(Fml("R1"),-1),PREVIOUS,Ref(Fml("R3"),-1)) |
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R5 IF(Fml("R1")=Ref(Fml("R1"),-1),PREVIOUS,Ref(Fml("R4"),-1)) |
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R6 IF(Fml("R1")=Ref(Fml("R1"),-1),PREVIOUS,Ref(Fml("R5"),-1)) |
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WRO 100*(1-( Int(Fml("R1")/CLOSE) + Int(Fml("R2")/CLOSE) + Int(Fml("R3")/CLOSE) + Int(Fml("R4")/CLOSE) + Int(Fml("R5")/CLOSE) + Int(Fml("R6")/CLOSE)) / 6) |
The indicators S1 through S6 and R1 through R6 should be plotted as points and not as a continuous line. The WRO and WSO oscillators are generally plotted together on a separatescale from the price plot.It is helpful to add horizontal lines at zero and 100 on this samescale. Horizontal lines can be added by clicking on the indicator and selecting "horizontal lines" fromthe Indicator Properties menu. -- Mel Widner, Ph.D., 703 791-5910These formulas run much faster (by 40 times) than the earlier formulas, and the y've been tested successfully with both end-of-day data and real-time data using MetaStock Professional Version 6.51. E-mail techstrategies@msn.com. | |
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