StockFetcher Forums · General Discussion · Parameter Values for Support/Resistance<< >>Post Follow-up
57 posts
msg #51535
Ignore JohnyYuma
5/11/2007 1:06:38 PM


Can you let me know what are the most ideal values for the 3 parameters for Support and Resistance ?
- I am not day-trading but doing swing-trading (holding period is in days)

Appreciate your help in advance


6,764 posts
msg #51537
Ignore karennma
5/11/2007 5:27:17 PM

I was just fooling w/ sup. & resis. this morning.
I can't make heads or tails of it in terms of usefulness.
This is straight from the manual.
Good luck!

Suppport / Resistance

Period - Amount of time to search for support or resistance.
Min Distance - Minimum number of days required between two points making up support or resistance.
Open Period - Number of days at the end of the chart to allow for breaking of support or resistance.

This indicator is used to search for stocks that have broken or are testing their support/resistance lines.
A few examples showing how to use this new feature:

Fetcher[show stocks where high is below support(65,10,1)]

Fetcher[show stocks where close 1 day ago crossed above resistance(45,15,2)
and close is below resistance(45,15,2)
and resistance slope(45,15,2) is below 0

Fetcher[show stocks where high is less than 0.01% below resistance(65,10)
and resistance(65,10) is above 0

You can also access the support or resistance slope through the phrases support slope or resistance slope. The slope can further refine whether you want an increasing or decreasing line for the support or resistance.

StockFetcher Forums Indicators and Measures Support and Resistance <<

57 posts
msg #51544
Ignore JohnyYuma
5/12/2007 9:50:34 AM


StockFetcher Forums · General Discussion · Parameter Values for Support/Resistance<< >>Post Follow-up

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