How To Calculate Support and Resistance levels using Ruby?

by georgiana.senger , in category: General Help , a year ago

How To Calculate Support and Resistance levels using Ruby?

Facebook Twitter LinkedIn Telegram Whatsapp

1 answer

Member

by adelia , a year ago

@georgiana.senger 

To calculate support and resistance levels in Ruby, you can use the following code snippet:

 1
 2
 3
 4
 5
 6
 7
 8
 9
10
11
12
13
14
15
16
17
18
19
20
def calculate_support_and_resistance(data_points)
  lows = data_points.map { |point| point[:low] }
  highs = data_points.map { |point| point[:high] }

  support_level = lows.min
  resistance_level = highs.max

  return support_level, resistance_level
end

# Example usage
data_points = [
  { low: 100, high: 120 },
  { low: 110, high: 130 },
  { low: 90, high: 115 }
]

support, resistance = calculate_support_and_resistance(data_points)
puts "Support level: #{support}"
puts "Resistance level: #{resistance}"


In this code, we calculate the support level as the minimum of all low prices in the data points, and the resistance level as the maximum of all high prices. You can adjust the calculation method based on your specific requirements or indicators.

Related Threads:

How To Calculate Support and Resistance levels using JavaScript?
How To Compute Support and Resistance levels using Kotlin?
How To Calculate On-Balance Volume (OBV) using Ruby?
How To Calculate Fibonacci Extensions in Ruby?
How To Calculate On-Balance Volume (OBV) in Ruby?
How To Calculate Fibonacci Extensions using TypeScript?