Support/Resistance Formula, page-11

Beg pardon why try to invent the wheel

You can buy any amount of trading software priced from $0 to $10k all will show strong support and resistance levels in lots of different formats

As Rembrandt said you need a lot more than s/r ,he uses Fibbonacci often ,

Yogi uses Gann's theories time and price etc,

If you are looking for the Holy Grail you will need to incorporate all of that, and move beyond as well ?,

But then top traders do not rely on software alone .