TRO_Dashboard_SupResPct
Posted: Fri May 30, 2008 11:14 pm
TRO_Dashboard_SupResPct
TRO_Dashboard_SupResPct shows where the price is as a percentage of the dynamic support/resistance range.
100 is at resistance
0 is at support.
That's the way it is because price could be heading south on one timeframe but north on the other and seeing 25 you wouldn't know which what it is moving unless it was color coded or directional arrows were added... that would just make it harder to interpret.
The colors can be changed by the user.
As of now, the levels are set at 0 - 20, 20 - 40, 40 - 60, 60 - 80, and 80 - 100.
This indicator (along with 100+ other indicators) is sent out, as a THANK YOU, to people who have made a donation to my PayPal account.
TRO_Dashboard_SupResPct shows where the price is as a percentage of the dynamic support/resistance range.
100 is at resistance
0 is at support.
That's the way it is because price could be heading south on one timeframe but north on the other and seeing 25 you wouldn't know which what it is moving unless it was color coded or directional arrows were added... that would just make it harder to interpret.
The colors can be changed by the user.
As of now, the levels are set at 0 - 20, 20 - 40, 40 - 60, 60 - 80, and 80 - 100.
This indicator (along with 100+ other indicators) is sent out, as a THANK YOU, to people who have made a donation to my PayPal account.