Tutorial 13 | Support and resistance lines based on historical pivots.It also functions by altering the opacity of lines based on age, rather than grouping lines by level. Tutorial 106 is different from the following programs and tutorials both in programming technique (it uses vectors rather than arrays, and doesn’t use the legacy drawing objects). Tutorial 106 applied to a daily IBM three line break chart. I am also making the two programs available for download. This program is available as a free download for Gold Pass members, who will also receive a more advanced program that draws lines at both high and low pivots. Notice how the transparency of the lines vary. Tutorial 106 applied too a 1 minute EURUSD chart. The tutorial hard codes the number of bars that it looks at to 255, although this could be fairly easily increased. After a number of bars the lines are deleted completely. These lines gradually fade out as the length of time since the pivot occurred increases. The tutorial only uses low pivots although I have created another version that uses low and high pivots. The objective of the program is to draw horizontal lines at the level of every pivot that forms. Tutorial 106 is a TradeStation EasyLanguage programming tutorial that demonstrates how to draw horizontal lines at historical pivot levels (pivot lines) on a chart using the HorizontalLine drawing object. Using the TradeStation EasyLanguage HorizontalLine object
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