| tvcollnn |
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Gold User, Member, TeleChart
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| Registered User |
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| Friday, September 23, 2005 |
| Tuesday, December 29, 2009 5:35:30 PM |
9
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Thanks StockGuy -- That did the trick!
Toni
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Hello to Craig and Bruce,
I normally run Telechart with a white background. Is it possible to make the background in the Blocks Player charts white?
Thanks!
Toni
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Hi Craig,
Great presentation yesterday. And, as my husband told you, we really appreciated your time management of the class. Beginning and ending on time are rare things to see in the seminar business.
The Blocks Player is the most elegant application of object oriented programming we've seen. Ironically, our alma mater was just down the hall trying to recruit new students, and we stopped in at the Computer Science presentation to say hello. It was just so appropriate to be gaining new programming skills from you on the same day.
We're definitely looking forward to "Playing with Blocks"!
Toni Collins
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Thanks, Craig. I appreciate the help.
Toni Collins
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QUOTE (Craig_S) Do you have SnapSheets installed and loaded?
I am not clear the value of having this as a straight line. Are you sure you want the most recent value and not the lowest value over X days?
Thanks, Craig. I do have SnapSheets installed and loaded.
You're right, of course, that this number plotted as a resistance line is not very useful on its own. What I'm really looking for is the Pivot Point convergence of three resistance lines: today's, this week's, and this month's. When these three lines converge, you have a high likelihood of a stock about to go into a decline. (Similarly, the convergence of today's, this week's, and this month's Pivot Point support levels indicates a high probability of a stock ready for a bounce.)
The formulas get more complicated as the time frames get longer, but they are fairly straightforward to calculate. I gave this single formula just to keep the problem simple.
Thanks,
Toni Collins
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QUOTE (Craig_S) The value of this formula:
2*((H+L+C)/3)-L
Changes every day. In TeleChart it will plot every day's value.
We can force plot a straight line in SnapSheets but I am not sure what value you want plotted as a straight line.... the last/most recent value for the condition (so the line value changes every day)?
Exactly -- I'd like to see the most recent value of this formula plotted as a straight, horizontal line, representing resistance based upon today's prices.
Thanks,
Toni Collins
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Still hoping that a trainer will let me know if this is possible or not.
Thank you,
Toni Collins
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Thanks, diceman. I appreciate the input. I especially like your precision in speaking of a smoothing average of 1. You're absolutely right, that's no moving average, is it?
What I'm looking for is a way to automatically see the resistance (and support) generated from Pivot Point analysis. It's certainly possible to manually calculate those numbers and draw them individually on the chart. Unfortunately, that's pretty time consuming and doesn't lend itself to quickly scanning charts for buying and selling opportunities.
So if anyone knows how to have Telechart automatically draw a horizontal line based on a single calculation from price data, I'd love to hear about it.
Thanks again,
Toni Collins
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In Pivot Point Analysis, resistance and support levels are determined as a function of the Pivot Point. Can I add these lines so that they appear as a horizontal resistance (or support) line, rather than as a moving average?
Let's take a single example. The Pivot Point is calculated as
(H+L+C)/3.
I've created a chart template that plots the pivot points as a moving average with a one day smoothing factor.
The first pivot point resistance level can be calculated as
2*((H+L+C)/3)-L
When I add this as an indicator on the same chart template, can Telechart display a horizontal resistance line at that price level instead of a moving average?
Thanks for your help,
Toni Collins
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