Metastock Indicator Formula |
nifty |
| Formula: |
Mc1:=BarsSince(DayOfWeek()=1);
Fc1:=BarsSince(DayOfWeek()=5);
Fc2:=Ref(BarsSince(DayOfWeek()=5),-1)-1;
WRC:=If(Mc1=0 AND Fc1>2,
{then}Ref(HHV(H,LastValue(mc1)),-1)-
Ref(LLV(L,LastValue(Mc1)),-1),
{else}If(Fc1=0 AND Mc1>5,
{then}HHV(H,LastValue(Fc2))-
LLV(L,LastValue(Fc2)),
{else}If(Fc1=0,
{then}HHV(H,LastValue(Mc1))-
LLV(L,LastValue(Mc1)),
{else}0)));
WRP:=ValueWhen(1,WRC>0,WRC);
{Resistance Range}
RR1:= FmlVar("FT-FBP","FBP")+(WRP*.5);
RR2:= FmlVar("FT-FBP","FBP")+(WRP*.618);
{Support Range}
SR1:= FmlVar("FT-FBP","FBP")-(WRP*.5);
SR2:= FmlVar("FT-FBP","FBP")-(WRP*.618);
{Plot Ranges}
RR1;
RR2;
SR1;
SR2; |
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