Replies to post #5943 on The TradingEdge

[GLENO34]

Really easy..I just look at Schwab's Streetsmart pro and they give them to me each day...I think they are pretty accurate..

[Qone0]

RCKS,

Street smart pro S lines and R lines are this.

Uses the previous day high, low, and close price to generate a pivot line, two support levels (S1 & S2), and two resistance levels (R1 & R2). This study is only displayed on Intraday charts. In the Studies window, you may check the lines you wish to view: R2, R1, Pivot, S1, S2

Pivot Points are calculated:



Pivot = ( YesterdaysHigh + YesterdaysLow + YesterdaysClose ) / 3.0;

S1 = 2.0 * Pivot - YesterdaysHigh;

R1 = 2.0 * Pivot - YesterdaysLow;

S2 = Pivot - ( R1 - S1 );

R2 = Pivot + ( R1 - S1 );