Sar

Discussion in 'Strategy Development' started by Genesis, Jan 31, 2003.

  1. Genesis

    Genesis

    Where can you get daily support and resistance #'s for ES and NQ, and other important point S&P cash #'s? Thanks, Tony!
     
  2. from Niel Weintraub:-

    Pivot points and resistance lines are calculated at the end of the day based on the high, low, and close of the day's trading. The formulas are as follows:
    · Pivot Point (P) = (H + L + C)/3
    · First Resistance (R1) = (2 * P) – L
    · First Support (S1) = (2 * P) - H
    · Second Resistance (R2) = P + (H - L)
    · Second Support (S2) = P - (H - L)
    · Third Resistance (R3) = (P - S1) + R2
    · Third Support (S3) = P - (R2 - S1)
     
  3. Genesis

    Genesis

    Thanks,Wappers2!
     
  4. nkhoi

    nkhoi Moderator