Support and Resistance Code for TradeStation

[sukhsan]

Hi Alex

Can you help me to find out Code of Support and Resistance(Pivots points) for trade station. If you have can you pl. post it ?


Thanks

[ACM]

sukh
Here is a ShowMe script for Pivots that I found a while back on some other list
Alex

Var:  Hi(0),
  Lo(99999),
  YHi(0),
  YLo(99999),
  YCl(0),
  Pivot(0),
  R1(0),
  S1(0),
  R2(0),
  S2(0);

IF BarNumber = 1 OR Date[1] < Date THEN BEGIN
 YHi = Hi;
 YLo = Lo;
 YCl = C[1];
 Hi = H;
 Lo = L;
END ELSE BEGIN
 IF H > Hi THEN Hi = H;
 IF L < Lo THEN Lo = L;
END;

{ Formulae for "Support & Resistance" }

Pivot = (YHi + YLo + YCl) / 3;
R1 = (2 * Pivot) - YLo;
S1 = (2 * Pivot) - YHi;
R2 = (Pivot - S1) + R1;
S2 = Pivot - (R1 - S1);

{ Note method to make 5 plots with 3 Plot statements: gains extra plots
at a cost of resolution }

IF Mod(BarNumber,2) = 0 THEN Plot1(R1,"1st") ELSE Plot1(S1,"1st");
IF Mod(BarNumber,2) = 0 THEN Plot2(R2,"2nd") ELSE Plot2(S2,"2nd");
Plot3(Pivot,"Pivot");

{ Note: Plot1 & Plot2 must be plotted as "Points" and not as "Lines" }

[sukhsan]

Thanks for the reply Alex

Let me try.

[sukhsan]

Hi Alex
sorry to bother u again
code is working fine but it squeeze the chart, I mean in chart window shows all pivots and bars become short.

Is there any way that either I may wide the chart or i may see 1 or 2 pivot levels.

Thanks

[ACM]

sukh
Other than commenting out R2/S2 I can't see what else could be done.
To comment those out insert { at the beginning and } at the end of the following line of code
IF Mod(BarNumber,2) = 0 THEN Plot2(R2,"2nd") ELSE Plot2(S2,"2nd");
Alex

[sukhsan]

Hi Alex

I got it.

Thank You very much for your precious time