karennma
8,057 posts
msg #51537
- Ignore karennma |
5/11/2007 5:27:17 PM
I was just fooling w/ sup. & resis. this morning.
I can't make heads or tails of it in terms of usefulness.
This is straight from the manual.
Good luck!
Suppport / Resistance
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Parameters
Period - Amount of time to search for support or resistance.
Min Distance - Minimum number of days required between two points making up support or resistance.
Open Period - Number of days at the end of the chart to allow for breaking of support or resistance.
Description
This indicator is used to search for stocks that have broken or are testing their support/resistance lines.
A few examples showing how to use this new feature:
You can also access the support or resistance slope through the phrases support slope or resistance slope. The slope can further refine whether you want an increasing or decreasing line for the support or resistance.
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