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Calculating Support Resistance Levels based on custom formula
I came across a S/R levels (4), which catches H/L of the session on pretty consistent basis. The calculation is based on previous day O/H/L/C and current day open. The function is locked.
Attaching the data for the past 5 years and wondering if anyone knows/interested in uncovering the formula for these calculations?
Can you help answer these questions from other members on NexusFi?
There is no definition for price to "hold the daily pivot" or to "break the daily pivot" or for support or resistance. Why worry about how they are calculated?
