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mambo
Posted : Monday, July 24, 2006 8:23:48 PM
Registered User
Joined: 3/9/2006
Posts: 25
 Hi to all.My qestion is how do you calculate support and resistance level.Daily chart? weekly,or monthly?
Thank you.
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diceman
Posted : Monday, July 24, 2006 11:40:07 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
 mambo

This is a complicated issue that typically depends on a traders time-frame and style.

Typical areas of support and resistance are recent lows and recent highs.

"Measured" areas of support would involve moving averages, bollinger bands, envelope channels, H-L channels, and linear regression channels.

Also fibonacci levels.

You may be interested in these videos:


Fibonacci Retracement Levels

Scan for stocks bouncing in a lateral channel

Spotting trend changes using linear regression channel sorts


Thanks
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JohnGault
Posted : Tuesday, July 25, 2006 9:54:49 AM

Registered User
Joined: 3/25/2005
Posts: 67
 I use these 3 factors to visually determine s&r. Not sure how to "calculate" it.

1. Obvious price congestion
2&3. Momentum and/or volume spikes

JL
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mambo
Posted : Tuesday, July 25, 2006 5:28:16 PM
Registered User
Joined: 3/9/2006
Posts: 25
 Thank you for the help,i will check the videos.
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