Calculate Resistance and Pivot Points | Python For Finance Episode 6

Finding resistance levels is hard for new traders. This program will automatically plot resistance levels for you on a chart. I walk through the entire process step by step. Pair this with my email program and you have a lucrative combination.

Have a good one!

-Richard
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything

[tech]

Unlike so many videos involving python yours actually works! Great job!

[martorella]

Richard,

Thank you for this ! I recently started at a new firm where all the automated trading is done in Python. Thus far the extent of my programming experience has been with Easy Language in TradeStation and MultiCharts.

These videos are extremely helpful!

John

[pavansshanbhag]

I came to this video through a medium post and i must say, you have done something powerful with very few lines of code. God bless you for sharing this peice of knowledge!

[alexblagojevic]

Hey man. I watched one of your videos like 8 months ago and now im making a GUI for my trading system. Just wanted to say thanks and youre the man.

[toddroloff]

Nicely done!!! I like your logic and the way you break down the coding so rookies like myself can grasp it is great..Your passion for both programming and finance shines through..Keep up the great work..Thank you

[hishamashour]

This is by far the best explanation, I'd really like to thank you a lot for this, you've earned a subscriber. Keep up the great work man!

[mlk]

Thanks Richard. I always look forward to your videos.

[chaitanyapai]

Building an algo trading system and this is exactly what I needed! Amazing logic man, this video deserves a lot more views. Thanks a lot and God bless you!

[efueyo]

Once again, thank you for your excellent work. For those of us who do not understand spoken English well, but if we defend ourselves quite well with written English, it would be very useful to be able to access the transcripts.

[benjamintreitz]

Moglen, you are the coolest dude ever. Great series

[nkrish]

The videos are awesome. Haven't programmed in a while - you Richard are inspiring me to go back to what I started doing out of college!!

[SamiSabirIdrissi]

Dude! Super dope video ! Good job. Keep killin it!

[enzanto]

Great tutorial. I created a script like this. And one for checking if they break pivot point. And reporting straight to my discord. Will run it in a container in my kubernetes cluster :D

[LatinoWebStudio]

Thanks so much for the video! Is there an episode to calculate a pivot point for support? Once it starts running back up? I'm thinking of using it with the email alert, one for resistance and one for support, if possible.

[blakedavis]

Great video Richard, this series has been super helpful!

[michelemeloni]

Thanks man, you're a genius 🤜
Please go on with other videos !!

[PavelSumik]

Absolutely amazing, you are a complete magician

[alokeranjan]

Very nicely explain the code, I was searching the exact code. You are awesome. keep it up.

[skybat]

great stuff Richard--love it---helps so much for support and resistance and we can write extra MA strategies on top---helps a lot for newcomers especially squinting their eyes to draw support/resistance....
could you please explain how to apply to 50week calculations? i see your example goes back to 1 year back...but where are you defining this... trying to map 10 days out to 50 weeks..

[matthewrenegar]

If you try the reverse (currentMin, min instead of currentMax, max), it will fail due to a dates == 0 will occur and fail when timeD is added to it in the final for loop. The below code will fix that.


if counter==5:
if currentMin == 0:
pass
else:
lastPivot=currentMin

lastDate=dateRange[dateloc]
pivots.append(lastPivot)
dates.append(lastDate)