Support and Resistance in Amibroker
Budget: ₹1,500 – ₹12,500 INR
I need to identify 4 different highs and lows
first high is when
HIGH POINT =
VALUEWHEN
HIGH < REF (HIGH ,-1) AND REF (HIGH, -1) > REF(HIGH, -2)
REF(HIGH,-1) IS "HIGHPOINT"
we call above condition as "High Point"
Second High
HIGH =
VALUEWHEN
HIGH POINT < REF ( HIGH POINT, -1) AND REF ( HIGH POINT, -1) > REF ( HIGH POINT, -2)
REF(HIGH POINT, -1) IS "HIGH"
Third High
RESISTANCE =
VALUEWHEN
HIGH < REF (HIGH,-1) AND REF (HIGH,-1) > REF (HIGH,-2)
REF(HIGH, -1) IS "RESISTANCE"
Fourth and Final high
TOP =
VALUEWHN
RESISTANCE > REF ( RESISTANCE ,-1) AND REF ( RESISTANCE ,-1) > REF ( RESISTANCE ,-2)
REF(RESISTANCE,-1) IS "TOP"
_______________________________
First Low
LOW POINT =
VALUEWHEN
LOW > REF ( LOW , -1) AND REF ( LOW , -1) < REF ( LOW, -2);
REF(LOW,-1) IS "LOW POINT"
Second Low
LOW =
VALUEWHN
LOW POINT > REF ( LOW POINT, -1) AND REF ( LOW POINT, -1) < REF ( LOW POINT, -2)
REF (LOW POINT,-1) IS "LOW"
Third Low
SUPPORT =
VALUEWHEN
LOW > REF ( LOW ,-1) AND REF (LOW ,-1 ) < REF ( LOW , -2)
REF( LOW,-1) IS "SUPPORT"
Fourth Low
BOTTOM =
VALUEWHEN
SUPPORT > REF ( SUPPORT, -1) AND REF( SUPPORT ,-1) < REF ( SUPPORT ,-2)
REF( SUPPORT, -1) IS "BOTTOM"
THAT IS THE GENERAL IDEA
I COULD ABLE TO PLOT HIGHPOINT, LOWPOINT
AND HIGH LOW VALUES
BUT NOT ABLE TO FETCH RESISTANCE / SUPPORT AND TOP BOTTOM LINES
first high is when
HIGH POINT =
VALUEWHEN
HIGH < REF (HIGH ,-1) AND REF (HIGH, -1) > REF(HIGH, -2)
REF(HIGH,-1) IS "HIGHPOINT"
we call above condition as "High Point"
Second High
HIGH =
VALUEWHEN
HIGH POINT < REF ( HIGH POINT, -1) AND REF ( HIGH POINT, -1) > REF ( HIGH POINT, -2)
REF(HIGH POINT, -1) IS "HIGH"
Third High
RESISTANCE =
VALUEWHEN
HIGH < REF (HIGH,-1) AND REF (HIGH,-1) > REF (HIGH,-2)
REF(HIGH, -1) IS "RESISTANCE"
Fourth and Final high
TOP =
VALUEWHN
RESISTANCE > REF ( RESISTANCE ,-1) AND REF ( RESISTANCE ,-1) > REF ( RESISTANCE ,-2)
REF(RESISTANCE,-1) IS "TOP"
_______________________________
First Low
LOW POINT =
VALUEWHEN
LOW > REF ( LOW , -1) AND REF ( LOW , -1) < REF ( LOW, -2);
REF(LOW,-1) IS "LOW POINT"
Second Low
LOW =
VALUEWHN
LOW POINT > REF ( LOW POINT, -1) AND REF ( LOW POINT, -1) < REF ( LOW POINT, -2)
REF (LOW POINT,-1) IS "LOW"
Third Low
SUPPORT =
VALUEWHEN
LOW > REF ( LOW ,-1) AND REF (LOW ,-1 ) < REF ( LOW , -2)
REF( LOW,-1) IS "SUPPORT"
Fourth Low
BOTTOM =
VALUEWHEN
SUPPORT > REF ( SUPPORT, -1) AND REF( SUPPORT ,-1) < REF ( SUPPORT ,-2)
REF( SUPPORT, -1) IS "BOTTOM"
THAT IS THE GENERAL IDEA
I COULD ABLE TO PLOT HIGHPOINT, LOWPOINT
AND HIGH LOW VALUES
BUT NOT ABLE TO FETCH RESISTANCE / SUPPORT AND TOP BOTTOM LINES