Download Support - Resistance Level For Amibroker (AFL)

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex

EOD and Realtime

Dividends and Trust Distributions

And Much More ....

For Portfolio Manager Click Here

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators

Advanced Pattern Exploration

Neural Networks

And Much More ....

Find Out More Here

3 / 5 (Votes 2)

amibroker, support, resistance

Submitted by vishalsbharati about 13 years ago

Submitted by shyam242 almost 14 years ago

Submitted by yancedolly about 14 years ago

Submitted by kaiji over 15 years ago

Submitted by dkeleher about 14 years ago

Submitted by kaiji about 15 years ago

Indicator

Copy & Paste Friendly

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

_SECTION_BEGIN("Support Resistance levels");
//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) ; 
_SECTION_END();

Stock Portfolio Organizer

WiseTrader Toolbox

Support - Resistance Level for Amibroker (AFL)
tanujaya
over 14 years ago
Amibroker (AFL)

Similar Indicators / Formulas

Indicator / Formula

0 comments

Leave Comment