Hi, I wrote some code for Tradestation so my charts auto plot the support & resistances. ( see my attached chart so you could see how my chart looks). I found it a pain to use the exel spreadsheet & whats great is this is used on any stock or index....... Enjoy- Christopher Terry. If you need help, just email me at Chris@LBRcapital.com Since TS allows 4 plots per indicator, there is 2 seperate indicators that need to be made. The Critera for each coding below is. 1. Make a NEW easy language document. 2. Look for INDICATOR name & okay it. 3. Copy & paste the CODE to EL document. VERIFY 4. Right click properties, 5. SCALING - same as symbol 6. Colors. your choice. 7. Type I use a POINT & 2nd weight to get what I have on the chart. verify & intsert indicator, do this for each one....... INDICATOR-1 Name - PIVOT vars: pivot (0), resistance1 (0), resistance2 (0), support1 (0), support2 (0), displace (-10); pivot = ( highd (1) + lowd (1) + closed (1) )/3; if pivot > 0 then begin plot1 [displace]( pivot, "p"); end; INDICATOR -2 NAME - SUPPORT & RESISTANCE vars: pivot (0), resistance1 (0), resistance2 (0), support1 (0), support2 (0), displace (-10); pivot = ( highd (1) + lowd (1) + closed (1) )/3; resistance1 = ( pivot *2 ) - lowd (1); Support1 = ( pivot *2 ) - highd (1); resistance2 = pivot - support1 + resistance1; support2 = pivot - (resistance1 - support1); if pivot > 0 then begin plot1 [displace] (resistance1, "r1"); plot2 [displace](resistance2, "r2"); plot3 [displace] (support1, "s1"); plot4 [displace] (support2, "s2"); end;
Here's a handy little pivot calculator. " Bruce M's most excellent calculator! " www.simple-as-123.net/downloads.html