Enjoying the course, however I have a question.
The formula for 1-1 R zone is given as the difference between the last two 1-1 highs. The difference between two numbers results in single value whereas the zone requires a high and low value? Plotting the zone as bounded by the last two 1-1 values dosent look quite right to me. Could you confirm how the high and low of the R & SU zones are calculated?
N.A.
Calculation of the R & SU zones
Re: Calculation of the R & SU zones
The 1-1 resistance zone is distance between the last (yesterday's) 1-1 high and the most recent (today's) 1-1 hi and is charted on the current (today's) bar. Yesterday's 1-1 high is created by the day before yesterday, today's 1-1 high created by yesterday's bar, etc. The 1-1 r zone for tomorrow is created by tomorrow's 1-1 high and today's 1-1 high, charted on tomorrow's bar, etc.