Hi everyone
Im trying to find an indicator that helps me in a objective way to find support and resistance.
I know that most people are going to say the standard reply of just look at a chart.
What Im trying to do is to find the support and resistance levels in a more objective way and also to find a tool that helps and makes the job easier, I understand that using indicators is not going to be perfcect but I also believe that they would help and many people will appreciated as we do not all see everything with such clarilty
Im currently working with RSI 5 periods and CCI 12 periods, when they are overbought or oversold a look at the chart and see if they are really important levels, I do this in the weekly time frame, Im a swing trader and I use the daily charts that is why I go one time frame up
Would appreciate more sugestions and help
Thanks for the help
Im trying to find an indicator that helps me in a objective way to find support and resistance.
I know that most people are going to say the standard reply of just look at a chart.
What Im trying to do is to find the support and resistance levels in a more objective way and also to find a tool that helps and makes the job easier, I understand that using indicators is not going to be perfcect but I also believe that they would help and many people will appreciated as we do not all see everything with such clarilty
Im currently working with RSI 5 periods and CCI 12 periods, when they are overbought or oversold a look at the chart and see if they are really important levels, I do this in the weekly time frame, Im a swing trader and I use the daily charts that is why I go one time frame up
Would appreciate more sugestions and help
Thanks for the help
Indicators to establish Support & Resistance
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