Support and Resistance Calculation Formula in Streak SR Scanner?

Streak - backtesting
1

Hi,

I wanted to know how does Streak S/R scanner calculates the R1,R2,R3 and similarly S1,S2,S3, which is visible on the dashboard of streak v3.

Thanks.

2

@Streak

3

Hi Aaditya,

S/R values are calcuated by using pivot points, same as what your would see if you open chart and plot pivot points on different time frames.

4

How strong or valid are those level?

5

It depends on multiple factors.

But works very well if you combine these levels with any indicator, which you have worked with.

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