Grover, It actually uses several functions that relay on the Zig - Peak, Trough and Zig. I am not a great programmer, so I do not totally understand why Graham Kavanagh was using those functions. I just got involved on this one by answering a question on how to set up the formula as an exploration. I can't understand the code, so I will not use the indicator. You might drop Graham a note and ask him to explain it to you. He is usually very helpful.
Donald F Lindberg _____ From: amibroker@yahoogroups.com [mailto:[EMAIL PROTECTED] On Behalf Of Grover Yowell Sent: Saturday, November 10, 2007 7:41 PM To: amibroker@yahoogroups.com Subject: RE: [AmiBroker] graham Kavanagh Support and resistance levels using RSI. Don, I got your code to work by changing the filter, as you said. But what is your take on the fact that the Zig function is involved so the code can look into the future? Grover From: amibroker@yahoogroups.com [mailto:[EMAIL PROTECTED] On Behalf Of Don Lindberg Sent: Saturday, November 10, 2007 10:12 AM To: amibroker@yahoogroups.com Subject: RE: [AmiBroker] graham Kavanagh Support and resistance levels using RSI. That probably is due to the fact that I set some filters within the code. Check the line Filter= and set it to what you want. Read the code. Donald F Lindberg _____ From: amibroker@yahoogroups.com [mailto:[EMAIL PROTECTED] On Behalf Of Rasheed Momoh Sent: Friday, November 09, 2007 6:53 PM To: amibroker@yahoogroups.com Cc: [EMAIL PROTECTED] Subject: RE: [amibroker] graham Kavanagh Support and resistance levels using RSI. hi just wanted to confirm 1 when i run the code and click explore. it does not pick the support resistance of all the stocks. out of 205 stocks it only shows 45. kindly assist --- On Tue, 11/6/07, Rasheed Momoh wrote: From: Rasheed Momoh Subject: RE: [amibroker] graham Kavanagh Support and resistance levels using RSI. To: amibroker@yahoogroups.com Cc: [EMAIL PROTECTED] Date: Tuesday, November 6, 2007, 3:14 PM I have sent an attachment to show u want the support resistance figures r generating. for example UAC-PROP on the chart is showing a range of 19-21. the formula you sent me is showing 42.81-37.73. pls what do i do. abdulrasheed --- On Tue, 11/6/07, Don Lindberg wrote: From: Don Lindberg Subject: RE: [amibroker] graham Kavanagh Support and resistance levels using RSI. To: [EMAIL PROTECTED] ps.com Date: Tuesday, November 6, 2007, 2:19 PM I have put in basic code to allow you to run as exploration. You can narrow your search by changing the criteria in the Filter Statement. ------------ --------- ------ Begin Code ------------ --------- --- _SECTION_BEGIN("support and resistant"); //Support and resistance levels using RSI. //graham Kavanagh May 2003 //Load into Indicator Builder //Sensitivity of the levels can be changed with the variables //Can test different numbers live with the Param function ctrl-R with Open pane RSIperiod = 5; // Param("RSI p",3,14,30,1) ; Percent = 5; // Param("ZIG %",8,9,15,1) ; EMAperiod = 5; //Param("EMA p",4,5,10,1) ; HHVperiod = 5; //Param("HHV p",3,5,10,1) ; NumLine = 1; //Param("Num Lines",3,1,20, 1); Base = DEMA(RSI(RSIperiod), EMAperiod) ; GraphXSpace=0.5; Plot(C,"",colorBlack,styleCandle); for( i = 1; i = numline; i++ ) { ResBase = LastValue(Peak(Base,Percent, i)); SupBase = LastValue(Trough(Base,Percent, i)); Plot(ValueWhen( ResBase==Base, HHV(H,HHVperiod) ), "Resist Level", colorRed, styleLine); Plot(ValueWhen( supbase==Base, LLV(L,HHVperiod) ), "Support Level", colorGreen, styleLine); } Title = Name() + "; " + Date() + ": Support Resistance Levels using RSI: " + /*EncodeColor( colorGreen) + "Support Levels are Green; "+EncodeColor( colorRed) + "Resistance Levels are Red: "+EncodeColor( colorBlack) +*/ "Num lines ="+WriteVal(numline, 1) ; Filter=C>10 AND C75 AND ResBase>=1 AND SupBase >=1; Buy=Sell=Short=Cover=0; AddColumn(C,"Close",1.2); AddColumn(ResBase,"Resistance",1.2); AddColumn(SupBase,"Support",1.2); _SECTION_END(); ------------ --------- ---- End Code ------------ --------- Donald F Lindberg _____ From: [EMAIL PROTECTED] ps.com [mailto: [EMAIL PROTECTED] ps.com ] On Behalf Of rashmo_70 Sent: Tuesday, November 06, 2007 1:16 PM To: [EMAIL PROTECTED] ps.com Subject: [amibroker] graham Kavanagh Support and resistance levels using RSI. Please is it possible to do a scan on the formula below to generate support resistance prices other than browsing each chart?. thanks. _SECTION_BEGIN( "support and resistant"); //Support and resistance levels using RSI. //graham Kavanagh May 2003 //Load into Indicator Builder //Sensitivity of the levels can be changed with the variables //Can test different numbers live with the Param function ctrl-R with open pane RSIperiod = 5; // Param("RSI p",3,14,30,1) ; Percent = 5; // Param("ZIG %",8,9,15,1) ; EMAperiod = 5; //Param("EMA p",4,5,10,1) ; HHVperiod = 5; //Param("HHV p",3,5,10,1) ; NumLine = 1; //Param("Num Lines",3,1,20, 1); Base = DEMA(RSI(RSIperiod) ,EMAperiod) ; GraphXSpace= 0.5; Plot(C,"",colorBlac k,styleCandle) ; for( i = 1; i = numline; i++ ) { ResBase = LastValue(Peak( Base,Percent, i)); SupBase = LastValue(Trough( Base,Percent, i)); Plot(ValueWhen( ResBase==Base, HHV(H,HHVperiod) ), "Resist Level", colorRed, styleLine); Plot(ValueWhen( supbase==Base, LLV(L,HHVperiod) ), "Support Level", colorGreen, styleLine); } Title = Name() + "; " + Date() + ": Support Resistance Levels using RSI: " + /*EncodeColor( colorGreen) + "Support Levels are Green; "+EncodeColor( colorRed) + "Resistance Levels are Red: "+EncodeColor( colorBlack) +*/ "Num lines ="+WriteVal( numline,1) ; _SECTION_END( ); ____________ _________ _________ _________ _________ __ Do You Yahoo!? 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