Support / Resistance through frequency tables

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DiaperCoder

Hey,

I'm thinking of using a basic frequency table to determine support / resistance levels. The bulk of the work would involve grouping the results into classes that represent a support / resistance's range, while disregarding any frequencies that are too small to be statistically significant.

I'm aware that this will only give me "obvious" horizontal S/R levels.

Anyone had success with this approach ?
 
Yeah I'm mostly using them as part of the various "anomalies" I'd be including in the final decision process. By themselves they might not mean much (as you said 50/50), but I'm hoping to find relationships that could increase their significance.
 
Someone must be really idiotic to believe that entering a discussion, leaving nothing of value and going on with their life is a good use of their time. It reminds me of my daughter wasting her life watching useless cartoons - adults can truly act like children even with a generic name like HurricaneUS ;)

Clearly your attitude is not childish. Allow me to continue walking on your lawn and enjoying doing so.
 
Last edited:
Anyhoo - I got a first prototype working, just need to polish it up.
 

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