StockFetcher Forums · General Discussion · Support and Resistance Lines<< >>Post Follow-up
chessnut1
58 posts
msg #31863
- Ignore chessnut1		 4/25/2004 6:21:15 PM

Anyone know of a way to have the resistance lines calculated from the close instead of the high, and the support lines calculated from the open instead of the low?

Many technical analysts consider the top of the highest candlestick's body (for resistance) and the bottom of the lowest candlestick's body (for support) to be the more appropriate points through which to draw trendlines. The idea being that the tips of the shadows represent extremes rather than wider-based consensus points of support and resistance.

--BJ
StockFetcher Forums · General Discussion · Support and Resistance Lines<< >>Post Follow-up

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