How do you draw your support and resistance lines ?

[kilotrader]

The process of drawing support and resistance line is subjective. Many different traders have different ways of determining these lines. How do you draw them?

The one that I use most often is to look at the 20-day high and the 20-day low to get my support and resistance lines.

 

[Black Swan]

The process of drawing support and resistance line is subjective. Many different traders have different ways of determining these lines. How do you draw them?

The one that I use most often is to look at the 20-day high and the 20-day low to get my support and resistance lines.

Doesn't everyone just use the software that comes on their charts for the various S&R levels and the daily pivot?

 

[kilotrader]

On the platform that I am using (Wealth-Lab), I have the ability to write custom code to define whatever indicator that I choose. And I am trying to figure out what is the most effective way to do it

 

[alyssataylor1962]

For me to go first cards every day and draw lines on highs and lows so obvious scale to 4H and 1H charts to compare multiple times in a couple hits on the line most likely true. The best trades are when a couple has already taken in a major newspaper and is on an S / R level.I have the ability to write custom code to define the indicator that I choose. And I want to know what is the most effective way to do so.

 

[pboyles]

The process of drawing support and resistance line is subjective. Many different traders have different ways of determining these lines. How do you draw them?

The one that I use most often is to look at the 20-day high and the 20-day low to get my support and resistance lines.

I use weekly pivot points and also look at 4 hour and 1 hour charts to determine S&R. I'm also currently experimenting with weekly Camirilla pivots as well.