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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Support - Resistance Level for Amibroker (AFL)
Support and Resistance Daily Trading
By graham Kavanagh May 2003
Similar Indicators / Formulas
Indicator / Formula
_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();
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