Registered User
Joined: 10/7/2004
Posts: 21
|
Hello. I'm a TCPlatinum user and am considering using Blocks on an end-of-day basis. I'm especially interested in knowing whether Blocks can:
1) identify levels of support and resistance, and
2) identify trendlines.
In the case of 1) I'd be looking for 2 or more pivot lows or highs occurring at roughly the same price over a specified period of time and with a specified minimum/maximum amount of time between the pivots. In the case of 2), I'd be looking for straight lines that connect 2 or more points that occur very close to a set of pivot highs or lows (the user would set how how close those points would have to be to the pivots), again over a specified period of time and with a specified minimum/maximum amount of time between the points.
Can Blocks be used to do this and, if so, how?
Look forward to hearing from someone on this soon and many thanks in advance for any help that anyone may be able to offer here...
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Once you hammered out vagueness like "at roughly the same price", "that occur very close to a set" you could create indicators that identified your points. I don't know of a way to have Blocks draw trendlines, though. You can draw them manually, of course.
- Craig
Here to Help!
|