Please Help with these pivots

mbh

New Member
#1
hi can anybody help me plot these pivots on intra day charts:
There are many way to calculate daily support and resistance levels, but only a few are effective. Two of these techniques are the daily adjusted-symmetrically projected support and
resistance (ASPS/ASPR) .

To calculate ASPS and ASPR, calculate
the average daily range (high - low) for
the last 14 days. Next, divide the 14-day
average range by 2, then subtract (add)
the result to the previous days close for
the ASPS (ASPR).
Or, put more formally:
ASPS = C - (Av e rage DTR, 14 * 0.5)
ASPR = C + (Av e rage DTR, 14 * 0.5)
w h e r e
C = Last closing price
DTR = daily trading range = high - low
Thanks In advance,
mbh
 

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