SUPPORT & RESISTANCE

gpacker
gpacker
Jan 15, 2015 at 21:29
755 Views
6 Replies
gpacker
gpacker
Member Since Jan 12, 2015   6 posts
Jan 15, 2015 at 21:29
hI,

Is anyone able to tell me what the 9 in the below parameter means please? it is on a screener i use but im not sure how it is calculating the S & R levels?

S&R(9) Price Touched Support

Thanks
Gary
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gpacker
gpacker
Member Since Jan 12, 2015   6 posts
Jan 18, 2015 at 08:36
hi any help with this would be appreciated.

S&R (9) Im keen to understand what the 9 represents i.e is it days? if it is days what is it trying to understand during these 9 days.

Thanks
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gpacker
gpacker
Member Since Jan 12, 2015   6 posts
Jan 18, 2015 at 10:53
im wondering if they are calculating the support/resistance using a pivot calculation and the number 9 is used in the calculation?
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jotekfinance
jotekfinance
Member Since Jun 09, 2014   134 posts
Jan 18, 2015 at 15:58
I don't think so about the pivot calculation, but otherwise I am not sure. I will direct some others here who may be able to answer...
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gpacker
gpacker
Member Since Jan 12, 2015   6 posts
Jan 18, 2015 at 20:49
See attached diagram showing the S & R levels, perhaps this will shed some light on how they are calculated?

Attachments:

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gpacker
gpacker
Member Since Jan 12, 2015   6 posts
Jan 18, 2015 at 20:51
ok thanks jote
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benjebutje
benjebutje
Member Since Jul 06, 2015   8 posts
Jul 07, 2015 at 05:42
meh, same question, anyone can help?
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