Support/Resistance EFS

[cpatte7372]

Hi All,

This may be a silly request, however can someone let me know if there is an efs that will help determine support and resistance levels.

Cheers

Carlton

[FibbGann]

True S/R or floor trader pivot S/R?

[cpatte7372]

Fibbgann,

I think I would like true S/R, however, can you please explain the difference between the two?

Cheers

Carlton

[FibbGann]

True support is known from actual areas that can be seen on the chart. Where floor trader pivots is just another formula that was put together by I don't know who.

As far as getting an efs that can get true support and resistance. There are some that work ok, but I have yet to find one that works as good as it should.

The best I can assume to do, would be to get one of the elliot wave efs's built for esignal and modify it to your S/R guidlines.

This is the best way I have seen it done, although I don't use AGET anymore.

Sorry, I know it was not as helpful as I would have hoped, just have not seen a good one put together.

[cpatte7372]

Fibbgann,

Thanks for your feedback. Like you I'm also rather adept at determining support and resistance, I guess I'm just being lazy.

Thanks anyway, mate.

Cheers

Carlton