support and resistance

link

3/17/2004 12:22:47 PM

We have added a new feature that automatically finds support and resistance lines. This will allow you to search for stocks that have either broken or testing these levels.

A couple examples showing how to use this new feature:


Fetcher[show stocks where high is below support(65,10,1)]



Fetcher[show stocks where close 1 day ago crossed above resistance(45,15,2)
and close is below resistance(45,15,2)
and resistance slope(45,15,2) is below 0]



Fetcher[show stocks where high is less than 0.01% below resistance(65,10)
and resistance(65,10) is above 0]


There are 3 parameters to the support and resistance feature. Below is an explanation of the parameters:


Period - Amount of time to search for support or resistance.

Min Distance - Minimum number of days required between two points making up support or resistance.

Open Period - Number of days at the end of the chart to allow for breaking of support or resistance.

You can also access the support or resistance slope through the phrases support slope or resistance slope. The slope can further refine whether you want an increasing or decreasing line for the support or resistance.

As with all new features, please let us know if you run into any bugs, have any questions, or would like to see any enhancements with this feature.

Thank you,

StockFetcher.com Support