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Starting with a base number of Nb=12^2 and subsequent
number can be calculated using Nb*(1+n*0.5) or in Excel:
I
don't understand the connection to real prices...why the "12"? did they explain
the significance of that number?
herman
And that spreadsheet that I missed attaching
:)
Martin Cooney wrote:
> Hi,
>
> I was wondering
whether anyone could help with some code assistance please ?
>
>
It's to set Support and Resistance lines based on the Square of 12
>
numbers as per the attached spreadsheet. From a recent course I
>
attended, these numbers are solid S/R levels as well as potential future
> Highs and Lows.
>
> I'd like to somehow plot these on my
price charts to also include 2 or 4
> levels above and below current
pricing but I'm not sure of the best way
> to go about it. Further, a
base Square of 12 number of 144 can mean a
> price level of $1.44,
$14.40 or $144.00 so this presents another situation.
>
> Does
anyone have any ideas on this? (I've already searched the archives
>
but didn't find anything useful)
>
> Cheers
>
Martin
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