RPbb2021$$
5 posts
msg #160473
- Ignore RPbb2021$$ |
8/3/2023 9:36:55 AM
Hello gals and guys,
Picture a scenario where a stock has tested a couple of times a Resistance level at let's say $100 and then has pulled down to $95.
I'll like to build a filter that would tell me when the "close" of such stock closes above such a Resistance e.g. above $100.
I have tried and tried, God I have tried to work with the "Resistance" tools offered by SF but I have noticed they would never tell me that the Resistance is at $100 because SF resistances trace not as a horizontal line but as a diagonal line.
In short, can anybody help me to figure out the value of the "next resistance" of a particular stock above the current price?
Thank you in advance for your time and help.
PB
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wantonellis
155 posts
msg #160475
- Ignore wantonellis |
8/3/2023 12:16:21 PM
This may be close to what you're looking for.
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xarlor
562 posts
msg #160478
- Ignore xarlor |
8/4/2023 9:49:12 AM
Threw this together in an attempt to follow your thinking. It may help get your creative juices flowing.
Not too shabby as a swing trade. Buy at the close, sell during the run-up (don't get greedy) or if it closes below 30dh. In my example, I included a suggested target profit of 2% to sell at.
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RPbb2021$$
5 posts
msg #160493
- Ignore RPbb2021$$ |
8/16/2023 10:09:02 AM
Thank you so much xarlor, wantonellis - very interesting; it certainly helps.
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sr7
101 posts
msg #160550
- Ignore sr7 |
9/11/2023 7:43:28 PM
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sr7
101 posts
msg #160551
- Ignore sr7
modified |
9/11/2023 8:39:58 PM
I meant 52 week High line and not 52 day high, sorry
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