BullCharts Forum Homepage
Forum Home Forum Home > BullCharts > BullScript
  New Posts New Posts RSS Feed: Intraday trading Support and resistance and trend
  FAQ FAQ  Forum Search   Calendar   Register Register  Login Login

Intraday trading Support and resistance and trend
 Post Reply Post Reply Page  <123>
Author
Message Reverse Sort Order / View First Unread Post
  Share Topic Share Topic  Topic Search Topic Search  Topic Options Topic Options
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 06 Jun 2013 at 7:16am
In first chart above I incorrectly typed "resistance" when I mean "Support". Never was a typist.
BC User since June 2007
Back to Top
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 06 Jun 2013 at 7:13am

The only variation I have done to the previous volume Multiplier indicators is that these ones now colour fill the multiplier range according to whether the price is in a relative up or down trend relative to that support or resistance range.
BC User since June 2007
Back to Top
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 06 Jun 2013 at 7:10am
BC User since June 2007
Back to Top
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 06 Jun 2013 at 7:09am
Paul

I do not use Course of Trades Report from Bull charts but it seems to be just Price level x Volume = Value of trades.

If you look at the Natural Support and Resistance Based on Volume posts in this Forum I think you can find a Volume Multiplier you can use on intraday charts that will save you a lot of time analyzing a course of trades report.

I will post two examples below for a 10 Minute and 30 Minute charts showing that playing around with the Volume Multiplier finds the main Support levels.

BC User since June 2007
Back to Top
paulchow2k View Drop Down
Newbie
Newbie


Joined: 15 Oct 2010
Posts: 7 		Post Options Post Options   Quote paulchow2k Quote  Post ReplyReply Direct Link To This Post Posted: 05 Jun 2013 at 11:50pm
Hi Charles,
Regarding intraday over the weekend or holidays, I find that using course of trades to find where price creates support and resistance levels. So on each bar, I could tell where support and resistance is.

I just don't know if there is a bullcharts script for that.

Regards

Paul
Back to Top
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 28 Dec 2012 at 3:17pm
Sorry forget my short note immediatly above, I am confusing myself with different time periods
The First code is correct with 24 setting for a 15 minute bar chart and 24 bars identified in the Opbar definition
 
Second code is correct for a setting of 72 for 5 minute charts and 72 bars coded in the Opbar definition.
 
 
 
Charles
BC User since June 2007
Back to Top
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 28 Dec 2012 at 2:59pm
On the code posted above change the indicator setting to 72 not 60 (i.e 12 X 5mins per hour X 6 Hours per trading day
Below  is code for 5 minute bars compared to previous hour high or Low
 

[target

=price; author= C MacDonald; ]

　

{ e.g 24 for 15minute charts and 72 for 5 min charts}

n :=

input("Divide 6 hours by intraday time period",72);

{ This is intended to only show indicators at begining of the day so can position for day trading without clutter}

{Identifies first bar of the day See Definition under Hour in Help}

prelimOpBar:=

if(Minute<hist(Minute,1),1,undefined);

OpBar:=

if(Hist(prelimOpBar,1) OR Hist(prelimOpBar,2) OR Hist(prelimOpBar,3) OR Hist(prelimOpBar,4) OR Hist(prelimOpBar,5) OR Hist(prelimOpBar,6) OR Hist(prelimOpBar,7) OR Hist(prelimOpBar,8) OR Hist(prelimOpBar,9) OR Hist(prelimOpBar,10) OR Hist(prelimOpBar,11) OR Hist(prelimOpBar,12) OR Hist(prelimOpBar,13) OR Hist(prelimOpBar,14) OR Hist(prelimOpBar,15) OR Hist(prelimOpBar,16) OR Hist(prelimOpBar,17) OR Hist(prelimOpBar,18) OR Hist(prelimOpBar,19) OR Hist(prelimOpBar,20) OR Hist(prelimOpBar,21) OR Hist(prelimOpBar,22) OR Hist(prelimOpBar,23) OR Hist(prelimOpBar,24) OR Hist(prelimOpBar,25) OR Hist(prelimOpBar,26) OR Hist(prelimOpBar,27) OR Hist(prelimOpBar,28) OR Hist(prelimOpBar,29) OR Hist(prelimOpBar,30) OR Hist(prelimOpBar,31) OR Hist(prelimOpBar,32) OR Hist(prelimOpBar,33) OR Hist(prelimOpBar,34) OR Hist(prelimOpBar,35) OR Hist(prelimOpBar,36) OR Hist(prelimOpBar,37) OR Hist(prelimOpBar,38) OR Hist(prelimOpBar,39) OR Hist(prelimOpBar,40) OR Hist(prelimOpBar,41) OR Hist(prelimOpBar,42) OR Hist(prelimOpBar,43) OR Hist(prelimOpBar,44) OR Hist(prelimOpBar,45) OR Hist(prelimOpBar,46) OR Hist(prelimOpBar,47) OR Hist(prelimOpBar,48) OR Hist(prelimOpBar,49) OR Hist(prelimOpBar,50) OR Hist(prelimOpBar,51) OR Hist(prelimOpBar,52) OR Hist(prelimOpBar,53) OR Hist(prelimOpBar,54) OR Hist(prelimOpBar,55) OR Hist(prelimOpBar,56) OR Hist(prelimOpBar,57) OR Hist(prelimOpBar,58) OR Hist(prelimOpBar,59) OR Hist(prelimOpBar,60) OR Hist(prelimOpBar,61) OR Hist(prelimOpBar,62) OR Hist(prelimOpBar,63) OR Hist(prelimOpBar,64) OR Hist(prelimOpBar,65) OR Hist(prelimOpBar,66) OR Hist(prelimOpBar,67) OR Hist(prelimOpBar,68) OR Hist(prelimOpBar,69) OR Hist(prelimOpBar,70) OR Hist(prelimOpBar,71) OR Hist(prelimOpBar,72), 1,undefined);

　

{Identifies first bar of the day See Definition under Hour in Help}

[name

=Maxed Out Ultra High Vol; Width=1; linestyle=verticalmarker; Color=Black] { Ultra High Volume}

if

(Minute<hist(Minute,1),c,undefined);

　

　

[linestyle

=horz step]

a:=

if(prelimOpBar,highest(Hist(High,1),n),undefined);

a;

b:=

if(prelimOpBar,Lowest(Hist(Low,1),n),undefined);

b;

　

[linestyle

=horz step; color=Black; Width=2;]

G50:=b+0.5*(a-b);

G50;

[linestyle

=dotted step; color=Blue; Width=1;]

G75:=b+0.75*(a-b);

G75;

G25:=b+0.25*(a-b);

G25;

[linestyle

=dotted step; color=red;]

G66:=b+0.666666*(a-b);

G66;

G33:=b+0.333333*(a-b);

G33;

　

　

[name

=Fill; linestyle=fill step;

color

=Cyan;]

a; b;

　

[linestyle

=pricecolor]

　

[color

=Cyan] If (Opbar=1 AND Close>=valuewhen(1,prelimOpBar,a),1,undefined);

　

[color

=Lime] If (Opbar=1 AND Close>=valuewhen(1,prelimOpBar,g50),1,undefined);

　

[color

=Black] If (Opbar=1 AND Close<valuewhen(1,prelimOpBar,b),1,undefined);

　

[color

=Red] If (Opbar=1 AND Close<valuewhen(1,prelimOpBar,g50),1,undefined);

　

　

　

　

　

　

　

[color

=Blue] true;
BC User since June 2007
Back to Top
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 28 Dec 2012 at 2:54pm
Code for 15 minute bars compared to day before High or Low.
 
I forgot to mention I also

[target

=price; author= C MacDonald; ]

　

{ e.g 24 for 15minute charts and 60 for 5 min charts}

n :=

input("Divide 6 hours by intraday time period",24);

{ This is intended to only show indicators at begining of the day so can position for day trading without clutter}

{Identifies first bar of the day See Definition under Hour in Help}

prelimOpBar:=

if(Hour<hist(Hour,1),1,undefined);

OpBar:=

if(Hist(prelimOpBar,1) OR Hist(prelimOpBar,2) OR Hist(prelimOpBar,3) OR Hist(prelimOpBar,4) OR Hist(prelimOpBar,5) OR Hist(prelimOpBar,6) OR Hist(prelimOpBar,7) OR Hist(prelimOpBar,8) OR Hist(prelimOpBar,9) OR Hist(prelimOpBar,10) OR Hist(prelimOpBar,11) OR Hist(prelimOpBar,12) OR Hist(prelimOpBar,13) OR Hist(prelimOpBar,14) OR Hist(prelimOpBar,15) OR Hist(prelimOpBar,16) OR Hist(prelimOpBar,17) OR Hist(prelimOpBar,18) OR Hist(prelimOpBar,19) OR Hist(prelimOpBar,20) OR Hist(prelimOpBar,21) OR Hist(prelimOpBar,22) OR Hist(prelimOpBar,23) OR Hist(prelimOpBar,24), 1,undefined);

{Identifies first bar of the day See Definition under Hour in Help}

[name

=Maxed Out Ultra High Vol; Width=1; linestyle=verticalmarker; Color=Black] { Ultra High Volume}

if

(Hour<hist(Hour,1),c,undefined);

[linestyle

=horz step]

a:=

if(prelimOpBar,highest(Hist(High,1),n),undefined);

a;

b:=

if(prelimOpBar,Lowest(Hist(Low,1),n),undefined);

b;

 

[linestyle

=horz step; color=Black; Width=2;]

G50:=b+0.5*(a-b);

G50;

[linestyle

=dotted step; color=Blue; Width=1;]

G75:=b+0.75*(a-b);

G75;

G25:=b+0.25*(a-b);

G25;

[linestyle

=dotted step; color=red;]

G66:=b+0.666666*(a-b);

G66;

G33:=b+0.333333*(a-b);

G33;

　

[name

=Fill; linestyle=fill step;

color

=Cyan;]

a; b;

[linestyle

=pricecolor]

[color

=Cyan] If (Opbar=1 AND Close>=valuewhen(1,prelimOpBar,a),1,undefined);

　

[color

=Lime] If (Opbar=1 AND Close>=valuewhen(1,prelimOpBar,g50),1,undefined);

　

[color

=Black] If (Opbar=1 AND Close<valuewhen(1,prelimOpBar,b),1,undefined);

　

[color

=Red] If (Opbar=1 AND Close<valuewhen(1,prelimOpBar,g50),1,undefined);

　

[color

=Blue] true;

{This adds single tezxt calc of the daily spread as a %}

Spreadtxt :=

Valuewhen(prelimOpBar,((a/b)-1)*100);

{This part displays the latest daily spread as a percentage}

sptx:=

IF(systemdate=Systemdate ,SpreadTxt, Undefined);

[linestyle

=Text; textalign=Above,Left; target=price; visible=yes]

if

(barnumber=lastvalue(barnumber), Round(sptx,2) + "% Spread

DB4"

, undefined);Low*0.98;

put in a clculation on curent day of teh % price spread of the day before
 
 
BC User since June 2007
Back to Top
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 28 Dec 2012 at 2:50pm
BC User since June 2007
Back to Top
cmacdon View Drop Down
BullCharts Guru
BullCharts Guru


Joined: 09 Sep 2012
Location: Brisbane
Posts: 236 		Post Options Post Options   Quote cmacdon Quote  Post ReplyReply Direct Link To This Post Posted: 28 Dec 2012 at 2:49pm
BC User since June 2007
Back to Top
 Post Reply Post Reply Page  <123>

Forum Jump Forum Permissions View Drop Down

Bulletin Board Software by Web Wiz Forums® version 9.69
Copyright ©2001-2010 Web Wiz