Statistical Range and Daily Range - MaePla Pakkakeaw
Support & Resistance Box (MaePla Pakkakeaw)
Daily Range
(Start the Day on H4 Timeframe)
- Major support and resistance levels are drawn approximately 500 points apart.
- These are called Statistical Lines.
- Statistical support and resistance levels are drawn at price levels ending in 0 and 5.
Daily Range
(Start the Day on H4 Timeframe)
- At 7:00 AM, check the H4 candle close.
- Identify the price level closest to a statistical line as the minor support or resistance.
- The next statistical line 500 points above becomes the upper price range.
- The next statistical line 500 points below becomes the lower price range.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.