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Old 09-14-2010, 04:01 AM   #97

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Re: Drummond Geometry

Code:
var: dot11(0);
begin
  dot11 = (H+L+C)/3;
  plot [-1] ((dot11+dot11[1]+dot11[2])/3);
end;
Typed this straight into the forum but should work. It will plot the forming live dot too so you need to ensure you have a couple of bars spacing to the right in your chart.
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Old 09-14-2010, 07:01 AM   #98

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Re: Drummond Geometry

Thanks BlowFish,

It's much appreciated.
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Old 10-02-2011, 03:34 PM   #99

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Re: Drummond Geometry

Hello,

I would like to return this thread to life.
I have been trading Drummond Geometry for some time and I have a question for all of you who knows it.
In the course they use a term "hold". Support a resistance can hold or break. There are two ways a level can hold:
  1. "hold" - price never reaches the level
  2. "hold on close" - price reaches and trades above/below the level, but closes below/above, so holding on close.
From your experience, is there any difference between the two ways? For instance if support holds on close and resistance just holds, does it tell that the both levels are strong equally?

Wookey
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