Realtime Data

Dear fellow users,

Can someone suggest me some good techniques to calculate intrady support and resistance? I am using a realtime data service from StoxEdge (www.stoxedge.com) Along with the data these people also provide intraday supports and resistances for Nifty Futures. The levels are simply great. I also go through the pages provided on Valuenotes. But this stuff is far better. Someone please suggest me techniques for calculating the same.

Thanks.

If these level are really that gr88, why you need to know other techniques. you may end up moving to a not so good technique from the great technique.

Good Marketing Ploy. ain't so?

Regards,
--Ashish

Dear Ashish,

These levels are ONLY for Nifty Futures and NOT for any other stocks. I am interested in others as well. Any suggestions.

Thanks.

Dear Asish,
one of our member praised the product of Stoxedge RT. I am also using the same product from january 06.There product and service is really good.They provide TIPS for support and resistance in Nifty future only and that works really very good.
if any one want to know about better Support Resistance mechanism what is the harm in it? Search of betterment is the first step of improvement. If you know better mechnism for support and resistance you may share with us .
Can you plese explain the logic how you come close to conclusion that this is a 'Good Marketing Ploy ' !!!
Why don't you take a free 5 day demo and test the product as well as Nifty intraday levels.

Dear Friends,

I do beg pardon for hurting so many sentiments. By the way, I did download the product and it did not work at all. It did not work in the sense that software was not giving any data. Besides, it's not possible for me to test products always. When will I trade, if I go on experimenting in the realtime. I use only a couple of indicators and till the time they are working for me, I don't want to go into experimentation mode.

About the marketing ploy, well the cloassical divergence was at play .
You see, some1 is saying "excellent thing". Now, one does not look for replacing/enhancing excellent things. Secondly, there was no mention of requirement of S/R for stocks.

Sorry once again.

Thanks & Regards,
--Ashish

No harm really if you are really looking for mechanism / logic that have offer better support and resistance . But if you are just using tips /signal for S & R how u can know logic / mechanism behind it ?? If you are looking really for SR mech then post a model SR u employ then ask for improvement /tweaks . If not ppls here in general feel that u r simply promoting some thing and as market ploy simply.

5 day of demo testing is simply insufficent time to pool sufficient datas for some stastical analysis over it . sample size of past data is more important to determine its strength and weakness over long term . So professional traders can't waste 5 days of time in wasting @ demo and testing useless stuffs for them .


1st you need to understand wat is support and resistance really then u need to do home work to develop a model that works better for u atleast .

You can get a camerillia calculator that offers S R based on previous day data here just like this traders do employ model tht suits their system and style . Hope it helps and good lucks good trading to all

Amarnath Ji,

Thank you for providing the calculator. It would also be very kind of you if you could guide me with a write up regarding the same.

You were right that 5 days is not enough to backtest. By default they give one months data. I requested them for historical data that these people obliged. I have done some backtesting on it.

Regards.

You can find more information here about camerilla calculator i provided

As far as i am aware the data provided by Yahoo is not REAL-TIME Data. Correct me if I am wrong.

I have been using Eagle eye for 15 days now and I assure you that its real time data. Its Faster than Speedtrade. I will post a live snapshot during trading hours.