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| Discuss support & resistance formula at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; is there any set formula to know support and resistance level for day trading . ... |
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#2
9th December 2006, 08:21 PM
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Re: support & resistance formula
Quote:
 ATB, Fibo. 
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#3
9th December 2006, 08:51 PM
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Re: support & resistance formula
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CV 
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#4
9th December 2006, 09:06 PM
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Re: support & resistance formula
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Tnx CV.Hope you are well. I really enjoy reading your posts and I look forward to more interactions with you. Regards, Fibo. 
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#5
10th December 2006, 10:40 AM
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Re: support & resistance formula
Hi sunil,
There is definetely a formula named "Pivot Point calculator" a small utility which gives you R1 R2 R3 PP S1 S2 S3. Just Fill Previous Day's H,L&C and you Get Pivot.For ready Made Pivot levels see the Networth stock site. Enjoy Anand
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#6
10th December 2006, 11:50 AM
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Re: support & resistance formula
Quote:
Yes,there is a formula for pivot points. Here it is : Pivot point (P) = (H + L + C) / 3 First resistance level (R1) = (2 * P) - L First support level (S1) = (2 * P) - H Second resistance level (R2) = P + (R1 - S1) Second support level (S2) = P - (R1 - S1) (* is multiplication) ATB, Fibo. 
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#7
10th December 2006, 12:58 PM
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Re: support & resistance formula
Quote:
Thanks
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