Support/Resistance Linesgreenspun.com : LUSENET : XOCharts.com : 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 (email@example.com), 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 (firstname.lastname@example.org), August 08, 2000.