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#1
29th May 2007, 10:08 PM
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Please Help with these pivots
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 day’s 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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