Is there a long-Term Support & Resistance in forex or stocks algorithm

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    OlivierLarue
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    I’m looking for an algorithm, or a study to get historic, major, long-Term Support & Resistance for any supplied forex or stocks ticker.
    If possible it will tell their level of strength (strong, medium…).

    Example

     +---------------+-------------+------------------------------+  
    | PRICE LEVEL   | IMPACT      | YEAR                         |
    +---------------+-------------+------------------------------+  
    | 1.6000-1.6040 | VERY STRONG | 2008                         |
    | 1.5151        | STRONG      | 2009                         |
    | 1.4941-1.4971 | STRONG      | 2011                         |
    | 1.2425-1.2426 | STRONG      | Several years                |
    | 1.2310-1.2370 | STRONG      | Several years                |
    | 1.2100-1.2140 | STRONG+     | PERIODIC PIVOT (H/L) 1.21305 |
    | 1.2035-1.2040 | AVERAGE     | 2012                         |
    | 1.1603-1.1604 | STRONG-     | 1992                         |
    | 0.8200-0.8230 | VERY STRONG | 2000                         |
    +---------------+-------------+------------------------------+

    As well, would you know any tools/program to calculate them automatically ?
    Eg : EURUSD in weekly timeframe ?
    Thank you.

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Is there a long-Term Support & Resistance in forex or stocks algorithm


General Trading: Market Analysis & Manual Trading

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Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 06/18/2018
Status: Active
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