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

Folks

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

Thanks
Johny

karennma
6,386 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

--------------------------------------------------------------------------------
Parameters
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.

Description
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 <<




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

Thanks

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

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus