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Forex Pivot Point Calculator
Forex Pivot Point Calculator.
To calculate the Pivot point, two Resistance and two Support points based on the previous period High, Low and Close prices. |
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S/R is the key to trading success. I have found fibonacci pivots to be very good predictors of S/R.
http://www.livecharts.co.uk/Members/...rency_data.php I also have been using shi channels and linear regression channels but there is not much info about them. |
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I use Fibo S/R in my trading. They are one of the most commanly used S/R levels. Recently I came across a trader who was trading another form of this S/R called Super-kluster Fibonacci which are much better than the normal Fib levels. I dont have any literature on this nor have I seen any indicator programmed for this. Can anyone code SK levels ( as they are popularly called)? They work like magnets for price levels and can be used very successfully for exits?
Meanwhile I will try and search for any literature for this indicator. It is somewhat like the Dinapoli Fib levels. I dont have much knowledge of how they are constructed, but would be interested in any indicator such as the one I have mentioned. Any of you have any experience with SK levels?? Thanks guys |
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Ref: Super-kluster Fibonacci
Hello, radicalmoses: A DogPile.com search of the term took me to a FibMarkets.com 2003 weblog. Quote from that page: "SK = SuperKluster! It is an area of stronger support." I suspect someone at FibMarkets coined the term. I am not sure if all the other stuff on the page is related to 'SK' but the following question and answer found there is noteworthy: "Do older Fib Levels carry more 'weight' as Support/Resist then current ones...are they stronger then those based on todays prices action or yesterdays?" "... yes they can be stronger, if they come from a higher time-frame. For example, weekly levels are much stronger than 5-minute levels.. So the further back they originate from, the better in general." |
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