Support/Resistance Lines : LUSENET : : One Thread

Very good site for p and f. Am relatively new to p and f and would like some advice on how to draw the support and resistance lines. Are they adjustable as the price moves, or are they set at a high/low and then extended over the chart?. Where do they start or how often are they re-drawn? Thanks for your help.

-- S.Hernon (, August 07, 2000


Are you talking about the red and blue + lines one the charts? If so, they are set at a high/low and then extended until there is a break. At least, that is the simple explanation, the actual explanation is more complicated. I'm writing a tutorial that should explain how it is done.

I know -- I've been talking about this tutorial for a while, I am working on it, honest!


-- Atin Malaviya (, August 08, 2000.

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