StockFetcher Forums · General Discussion · How to detect break out from support/resistance line?<< >>Post Follow-up
mikes2010
16 posts
msg #97594
Ignore mikes2010
11/23/2010 8:16:56 PM

Hi,

What formula to use to detect break out from support/resistance line and going up/down and then touching the support/resistance line again?

Any ideas of formulas to use?

Thanks

mdl060374
91 posts
msg #97601
Ignore mdl060374
11/24/2010 1:18:46 PM

Great idea, but the issue is determining what exactly support/resistsance "is" from a formula standpoint. From what I have seen here, the technical patterns dont really work that well when being scanned for.

StockFetcher Forums · General Discussion · How to detect break out from support/resistance line?<< >>Post Follow-up

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