Software that shows distance to next resistance??

Quote from Math_Wiz:

Does anyone know of real-time software that can show the distance a stock has to go to the next resistance/support level?

For example, while looking at a chart for HET, I would like to see something like a statement saying

Next resistance 70.02, which was yesterdays high, 17-cents away.
Next support 69.21, the low from two days ago, 64-cents away.

Or something like that. (I just made up the figures, but you get the idea).

Anyone have any suggestions for software that can do something like this in real-time, while I'm looking at a chart?

Thanks,
+-*/ Math_Wiz
More...

Do you mean something like this.
 

Attachments

Yes, I have trade-ideas also, which kind of led me to the idea. I'm not interested in support/resistance being told to me from an alert format however. Instead, I want to have daily support/resistance given to me in a quotesheet format, perhaps like this.


Last Next Daily Next Daily
Resistanc Distance Support Distanc

CAT 80.00 81.05 1.05 79.90 0.10
UPS 81.95 82.50 0.55 81.40 0.55
FDX 74.00 74.99 0.99 73.00 1.00



Well, you get the idea. Then, I can sort the list by the distance to next resistance, for example, and then glance down that list for stocks that are already up on the day (perhaps more than they "should" be), and by this time I will be suspecting that certain stocks in this list may be targeting the next resistance, and I can click on certain symbols in order to then check out the charts to see if I want to play them.

Well, it's just my idea anyways. Not sure if there is software out there that supports this.

+-*/ Math_Wiz
 
You must log in or register to reply here.
Back
Top