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With a 1Y then 5m chart, I am able to look back over three days.
As I place Support and Resistance Lines at certain prices within this three-day time period, I am wondering if I need to check "Save position by screen position" in order to preserve lines at the selected prices.
Bruce, I've thought about what you've said and redesigned my Resistance and Support Plots explained below.
On my RESISTANCE PLOT, I've placed H1=H on a Custom PCF% True plot along with XAvgC9>XAvgC12 for an UPTREND. On a TC chart, EQUAL HIGHS are not limited to two consecutive bars, but one can look back to see EARLIER EQUAL HIGHS.
Also, on my SUPPORT PLOT, I've placed L1=L on a Custom PCF% True plot along with XAvgC9<XAvgC12 for a DOWNTREND. On a TC chart, EQUAL LOWS are not limited to two consecutive bars, but one can look back to see EALIER EQUAL LOWS.
From what you've said, I realize the CountTrue capability work differently than what I see on my Plots and Charts.
If you can work out a CountTrue formula for identifying the number of either Resistance Lines or Support Lines that occur, say in the last hour before the end of the day -- to be used in preparation for the next day's Open.
At the end of day, I am interested in seeing how many of 12 five-minute bars might show a numerical count.
How about trying the capability below for Resistance Lines:
CountTrue(b, x) ->
Where b = XAvgC9>XAvgC12 and H1=H
And x = 63
Not sure what -> (a numerical value indicating how many)
And, for Support Lines:
Where b = XAvgC9>XAvgC12 and L1=L
Also, on my SUPPORT PLOT, I've placed L1=L on a Custom PCF% True plot along with XAvgC9<XAvgC12 for a DOWNTREND. On a TC chart, EQUAL LOWS are not limited to two consecutive bars, but one can look back to see EALIER EQUAL HIGHS.
Let's consider the stock ALDR on a 5 minute chart for where to place Intraday Support Lines.
Looking before the Close Yesterday, we see SIGNIFICANT SUPPORT involving EIGHT CANDLES at $10.14.
After today's Open, the first Support Line printed by TWO CANDLES at $10.50.
And, a second Support Line was printed by FOUR CANDLES at $10.94.
Each of these was found these with this Custom % True Indicator using my inputs below:
L1=L or L1=O or O1=L or L1=C or C1=L
My thinking is that Support involving a greater number of candles is more important to a trader than that involving as few as two candles.
Would you agree, Bruce?
If so, is there a way to use the new Count capabilities to find how many candles are involved in a Support Line? My thinking is that this value could be used as a column.
Looking forward to your thoughts...
(which should be renamed "% True Condition" to distinguish it from the "Custom PCF Indicator")
How simple it looks now with the modulized capabilities!
Bruce, please pass along C>Top Line of 21-Period Bollinger Bands with 3.0 Std Dev.
Also, C<Bottom Line of 21-Period Bollinger Bands with 3.0 Std Dev.
Now it's working per your instructions. Thanks, again.
It appears when I click on the stock Symbol, but not when I click on Ema13.
I've clicked on Ema13, then "Add Plot Here", then search for "Custom PCF Channel Indicator", but it is not on the list.
I am using V17 ending in .28927.