- 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) | ||||||||
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Enter long positions on either building support or sustained uptrend and exit position using stops. No short positions. | ||||||||
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| Automatic Support and Resistance Trading System Enter Long: Fml("WSO") > Mov(Fml("WSO") , 4 , S ) OR Mov( Fml("WRO") , 30 , S ) > 95 Stop Out: Breakeven stop: Floor level at 2% Trailing stop: Profit risk of 10 Percent, ignoring 10 periods Maximum loss stop: Maximum loss of 7% Other Conditions: Initial equity = 1000, Long positions only, Trade price = close, Trade delay = 0, Entry commission = 0%, Exit commission = 0%, Interest rate = 5%, Margin req. 100%
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