Support and Resistance Levels

dbphoenix...

Do you have software that calculates the S/R...or do you rely on visuals...?

I have only been using the visuals...it is partly a guess and check game for me...
 
Quote from SumJurk:

Not trying to nit-pick here, but you didn't use the word. You said pivots. That's why I asked you if you meant the S/R levels to be included in pivots.

And, you said yes, if that's what I call them. And I said most traders call them S/R levels...
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From your post:

[Formula 1] (H+L+C)/3=P

[2] (2)(P)-L=R1

[3] (2)(P)-H=S1

[4] (P-S1)+R1=R2

[5] P-(R1-S1)=S2

P=Pivot___ R1=Resistance Level 1

H=High(previous day)___ S1=Support Level 1

L=Low (previous day)___ R2=Resistance Level 2

C=Close (previous day)___ S2=Support Level 2

And, yes, "pivot" is the word I used. What's the problem?
 
Thank you for your responses...

I have not seen a clean way to produce what I am looking for...I do not know if it exists...or that there is a way to produce it...but have been successful for the last 2 years...

Always looking.....

Thank you again for your responses and enjoy your weekend...
 
Quote from libertad:

Thank you for your responses...

I have not seen a clean way to produce what I am looking for...I do not know if it exists...or that there is a way to produce it...but have been successful for the last 2 years...

Always looking.....

Thank you again for your responses and enjoy your weekend...
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You could save yourself a lot of trouble by doing a search of the site, as was suggested in the first few posts of the thread.

If you do, you will find gobs of spread sheets to help you calculate and study the subject.
 
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