Moved: Support Resistance Finder

Optuma Forums Optuma Scripting Moved: Support Resistance Finder

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • #59275
    AvatarTrevor R
    • Topics: 95
    • Replies: 276
    • Posts: 371

    Hi Mathew,

    I’m running v.16, Bld 75 and the “Support and Resistance Finder” is not listed in “Tools > Levels” (also as mentioned in the KB article). I found it by searching for “Support” and subsequently found it listed under “Gann”.

    I then tried it with Pivot Min = 5 (with backwards or both) and and 5% tolerance on CLVolSpot but it did not show any S&R levels☹ I finally had R bands (no S bands) with Tolerance at 10% and 15%. The other calculation options all produced S&R bands. Maybe it’s just this market, so I tried SBVolSpot with Pivot MIN =5 and stepped up the Tolerance in 5% increment s to 100% – no S&R Bands☹  Here’s a screenshot of SBVolSpot with Pivot Min = 5 and Tolerance = 20% which I’d expect to show a band where I’ve placed the Horizontal Line:

    20200810 S&R Finder with Pivot Labels

    Am I missing something here or is it not quite working as it should☹

    Aside from those potential issues, this looks like it will be a very useful tool. Many thanks.

    Cheers

    Trevor

    #59279
    MathewMathew
    • Topics: 32
    • Replies: 1,601
    • Posts: 1,633

    Hi Trevor,

    I moved this into a new thread as I did not want multiple topics in the PPO thread.

    Re Group: Doh! I forgot to specify the group where I wanted this. It will move to “Levels” in an update soon.

    I always use Gann Swings – I can not see anything on the pivot labels selection so I’ll get that looked at.

    All the best

    Mathewsrf

    1 user thanked author for this post.
    #59281
    AvatarTrevor R
    • Topics: 95
    • Replies: 276
    • Posts: 371

    Hi Mathew,

    I too tend to use Gann swings all the time but decided to try the options to see how it all worked.

    I’d tossed up on starting a new thread but what I found arose from following the PPO thread and your comments there. All the same, your moving  to a new thread is the appropriate action.

    Cheers

    Trevor

     

    #60141
    AvatarJeffrey A.
    • Topics: 23
    • Replies: 31
    • Posts: 54

    Hi guys, just wanted to add an idea/suggestion for the Support/Resistance tool. Its a neat and handy tool actually and can reveal some good detail.

    I’ve noticed when a new price bar enters into a shaded region, the zone will disappear.  Would it make sense to have the zone change to a different color when price first enters the zone to suggest a caution that the zone may get recalculated and readjust? I find myself having to use training mode to backtrack to look at prior shaded regions to remind myself what it was showing.

    Jeff

    #60143
    AvatarJeffrey A.
    • Topics: 23
    • Replies: 31
    • Posts: 54

    Here is a potential work around and/or reference idea for the tool:

    I added a Volume at Price and made the bars transparent to display a visual column with added horizontal lines that could keep track of ranges of zones, including a region that is not showing on the screen because price is inside. See attached.

    Jeff

    Attachments:
    #60165
    MathewMathew
    • Topics: 32
    • Replies: 1,601
    • Posts: 1,633

    Hi Jeff,

    Yes, I can see the value in that. It is not trivial as we wrote the tool as a “snap shot” rather than as a calculation for each bar on the chart. We’ll have to add some more work to it.

    All the best

    Mathew

    1 user thanked author for this post.
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.

Pin It on Pinterest

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close