How To Calculate Support and Resistance levels using Ruby?

by georgiana.senger , in category: General Help , 2 months ago

How To Calculate Support and Resistance levels using Ruby?

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1 answer

Member

by adelia , 2 months ago

@georgiana.senger 

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

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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.