Fatness of a range

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Trader Question
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Joined: Thu Oct 09, 2008 7:31 am

Fatness of a range

Post by Trader Question »

Should the "fatness" of the range of the Nearby Support or resistance be treated as 1-1 zones in that the greater the distance or area between the top and bottom of a Nearby Support range mean the stronger the support and is as long as it is in close proximatety to the close price and vice versa for resistance?

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pldot
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Re: Fatness of a range

Post by pldot »

I don't think the size of the nearbys have any special significance in and of themselves. Note that they are constructed out of individual tools grouped together; when very large you might take note of the tools individually...
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