Momentum price patterns

tradewiser · #1 (**permalink**) 08-05-2006, 11:42 AM

Hi,

I am trying to program an indicator but I cannot do it so I am hoping somebody can help me her.

The idea is very simple. It is a momentum indicator based on the following price patterns:

1) If today’s high & low above yesterday’s +25
2) If todays high & low below yesterday’s -25
3) If todays close above todays open +25
4) If todays close below todays open -25
5) If todays close is above yesterday’s close +25
6) If todays close is below yesterday’s close -25

So you add the numbers above depending on which conditions are satisfied. You can then apply a moving average to it to smooth it.

If anyone can program this for me I would be very grateful.

Thanks
Naj

renefx · #2 (**permalink**) 09-28-2007, 04:13 AM

Quote:

Originally Posted by tradewiser

Hi,

I am trying to program an indicator but I cannot do it so I am hoping somebody can help me her.

The idea is very simple. It is a momentum indicator based on the following price patterns:

1) If today’s high & low above yesterday’s +25
2) If todays high & low below yesterday’s -25
3) If todays close above todays open +25
4) If todays close below todays open -25
5) If todays close is above yesterday’s close +25
6) If todays close is below yesterday’s close -25

So you add the numbers above depending on which conditions are satisfied. You can then apply a moving average to it to smooth it.

If anyone can program this for me I would be very grateful.

Thanks
Naj

Hay Tradewiser,

On the other forum you're asking for support and resistance formed
by highs and lows.

May I ask, Do you now have that indicator?

I look for same indicator, It's my pray if you could share it to me.

Thank You,

Rene

Attached related charts.