Hey guys, I'm looking for a free webiste or tool that will give me daily techincal numbers for the S&P 500 index furtures. The pivot, support, resistance numbers helps me alot when I trade. I was using the website alaron.com to get the numbers every morning, but lately they have not been updating the numbers...hmmm...can anyone help? Thanks alot!
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Need technical #'s for S&P 500
- Thread starter akim119
- Start date
Barchart.com
We e-mail the daily numbers. Moving Averages, Support/Resist, Fib numbers, and Volitility. S&P/Nasdaq. Free
e-mail at jbarry@proedgeonline.com if you'd like them.
e-mail at jbarry@proedgeonline.com if you'd like them.
Quote from akim119:
Hey guys, I'm looking for a free webiste or tool that will give me daily techincal numbers for the S&P 500 index furtures. The pivot, support, resistance numbers helps me alot when I trade. I was using the website alaron.com to get the numbers every morning, but lately they have not been updating the numbers...hmmm...can anyone help? Thanks alot!
akim - it's not free, but I routinely find the support/resistance this software computes much more accurate than ordinary pivots - but if you're determined to still use pivots, you can compute them yourself in a spreadsheet or calculator:
(P) = (H + L + C)/3
(R1) = 2P - L
(S1) = 2P - H
(R2) = P - S1 + R1
(S2) = P - R2 - S1
(P) = (H + L + C)/3
(R1) = 2P - L
(S1) = 2P - H
(R2) = P - S1 + R1
(S2) = P - R2 - S1
Attachments
ArchAngel
I use the same formulas you use, but R2=P+H-L and S2=P-H+L
Am I right?
I use the same formulas you use, but R2=P+H-L and S2=P-H+L
Am I right?
Quote from ArchAngel:
akim - it's not free, but I routinely find the support/resistance this software computes much more accurate than ordinary pivots - but if you're determined to still use pivots, you can compute them yourself in a spreadsheet or calculator:
(P) = (H + L + C)/3
(R1) = 2P - L
(S1) = 2P - H
(R2) = P - S1 + R1
(S2) = P - R2 - S1
So, S2=P - R2 - S1 =P-(P - S1 + R1)-S1=P-P+S1-R1-S1=-R1.
Nonsense, S2 is a negative number, if R1 is a positive number, which it obviously is!
ArchAngel,
I think S2 = P - R1 + S1.
Pls double-check me.
day,
It looks like your derivation is correct.
I think S2 = P - R1 + S1.
Pls double-check me.
day,
It looks like your derivation is correct.
Quote from daydreaming:
ArchAngel
I use the same formulas you use, but R2=P+H-L and S2=P-H+L
Am I right?
If you use basic algebra, you can answer this question yourself. Your formula for R2 agrees with his formula for R2, his formula for S2 is wrong as I just pointed out. I believe your formula for S2 is correct, but did not verify it, it just looks like that.
Oops, sorry, I copied the formulas from a website for expediency and didn't check them (personally don't use pivots because they're wrong so often).
Looks like their formulas should have had parenthesis:
R2 = (P - S1) + R1 which for simplicity is P + (H - L)
S2 = P - (R1 - S1) also for simplicity is P - (H - L)
Looks like their formulas should have had parenthesis:
R2 = (P - S1) + R1 which for simplicity is P + (H - L)
S2 = P - (R1 - S1) also for simplicity is P - (H - L)
Here's a free calculator akim.
Quote from akim119:
Hey guys, I'm looking for a free webiste or tool that will give me daily techincal numbers for the S&P 500 index furtures. The pivot, support, resistance numbers helps me alot when I trade. I was using the website alaron.com to get the numbers every morning, but lately they have not been updating the numbers...hmmm...can anyone help? Thanks alot!