Sqwii
160 posts
msg #68382
- Ignore Sqwii |
10/13/2008 4:06:57 PM
Hi
I am trying to use this support filter but is it possible to tweak it ?
Its like price near Support Line(45,15,2) ...
And is it POSSIBLE to filter so the price is MINIMUM hitting the support line 2 times or 3 times ?
Is it possible to make something on that a MINIMUM hits on support line ?
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chetron
2,817 posts
msg #68387
- Ignore chetron |
10/13/2008 5:32:34 PM
Sqwii
- Ignore Sqwii 10/13/2008 4:06:57 PM
Hi
I am trying to use this support filter but is it possible to tweak it ?
Its like price near Support Line(45,15,2) ...
And is it POSSIBLE to filter so the price is MINIMUM hitting the support line 2 times or 3 times ?
Is it possible to make something on that a MINIMUM hits on support line ?
**************************************
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wprice88
2 posts
msg #68472
- Ignore wprice88
modified |
10/15/2008 10:36:57 PM
I've been messing around with a possible support filter, what looks good with this is when it reaches a new 4 week low or closes near the 4 week low you wait and see if the the next day gaps down and closes above close 4 week low...if it does then set a buy limit at a price that equals or is above open 1 day ago...if it does work then aim for moving average(50) as your profit stop...
close between 5 and 22
and draw atr(3)
add column atr(3)
and draw moving average(50)
average volume(30) is above 5000
close 4 week low 1 day ago is equal to close 4 week low 6 days ago
close 4 week high is equal to close 4 week high 4 days ago
add column close to open gap
close is near close 4 week low
usually does not indicate a trend reversal, rather a small correction
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chetron
2,817 posts
msg #68477
- Ignore chetron
modified |
10/16/2008 8:09:08 AM
clickable...
hey tomb, why does "moving average(50)" affect volume average?
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