i wanted to know, which all are the methods used to calculate S&R for intraday ? (crudeoil).
one method i found was to take swing high as R and swing low as S, but for this we need 4-6 months of data and in crudeoil only the active month data is possible, rest of the month there is no activity.
i have seen that people go long if the prices crosses a price determined by R, vice versa for S.
i would be really grateful if you could help me.