Download: suppres.ela
File Includes:
Strategy - Support-Resistance
Function - WRO
Function - WSO
Indicator - Support-Resistance
Category: Strategy > Support-Resistance
Description:
Inputs:
Signal Support-Resistance ELA Code:
INPUTS: STRENGTH(4), LENGTH(6), AVGLEN(30), BUYLEN(4), BUYLEV(95);
IF MRO(WSO(STRENGTH, LENGTH) > AVERAGE(WSO(STRENGTH, LENGTH), AVGLEN), BUYLEN, 1) <> -1 THEN
BUY THIS BAR ON CLOSE;
IF AVERAGE(WRO(STRENGTH, LENGTH), AVGLEN) CROSSES ABOVE BUYLEV THEN
BUY THIS BAR ON CLOSE;
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