any idea how do I create support and resistance on commodity instrument in PI for a 5 minutes chart?
Support and resistance levels can be seen by just right clicking on the chart and enabling 'Pivot Point'. This will automatically display the support and resistance levels for your contract.
Since the formulae for deriving these levels is pre coded, it's a piece of cake.
I've attached a screenshot for your reference.
what commodity future chart that is Nikhil? I can’t see properly. I don’t think for commodities the Pivot table and S&R option is yet available in PI…for equity futures I can see that…
In the latest release Pivot points available for commodities also( latest version released yestaurday)
Thanks Guys! Much Appreciated! I just downloaded the updated Pi version and now see this!