How to draw support and resistance lines for next day.
Pivot = (Previous High + Previous Low + Previous Close) / 3 โ Central reference level
R1 = 2 ร Pivot - Previous Low โ First resistance level
S1 = 2 ร Pivot - Previous High โ First support level
Previous High = High[1] โ High of the previous day
Previous Low = Low[1] โ Low of the previous day
Camarilla R3 = Close + (High - Low) ร 1.1 / 4 โ Short-term intraday resistance
Camarilla S3 = Close - (High - Low) ร 1.1 / 4 โ Short-term intraday support
Resistance Zone Box = Area between R1 and Previous High (Green shaded box)
Support Zone Box = Area between S1 and Previous Low (Red shaded box)
avgLine_next = Average of max(Previous High, R1) and min(Previous Low, S1) โ Central guide between support and resistance
highLowAvg_next = (Previous High + Previous Low) / 2 โ Simple midpoint of the previous dayโs range
Pivot = (Previous High + Previous Low + Previous Close) / 3 โ Central reference level
R1 = 2 ร Pivot - Previous Low โ First resistance level
S1 = 2 ร Pivot - Previous High โ First support level
Previous High = High[1] โ High of the previous day
Previous Low = Low[1] โ Low of the previous day
Camarilla R3 = Close + (High - Low) ร 1.1 / 4 โ Short-term intraday resistance
Camarilla S3 = Close - (High - Low) ร 1.1 / 4 โ Short-term intraday support
Resistance Zone Box = Area between R1 and Previous High (Green shaded box)
Support Zone Box = Area between S1 and Previous Low (Red shaded box)
avgLine_next = Average of max(Previous High, R1) and min(Previous Low, S1) โ Central guide between support and resistance
highLowAvg_next = (Previous High + Previous Low) / 2 โ Simple midpoint of the previous dayโs range
