Tirone Levels

Tirone Levels are used to identify possible areas of support and resistance for the price of an asset.

Tirone Levels

Tirone Levels are used to identify possible areas of support and resistance for the price of an asset.

 


Identification of Tirone Levels

Tirone Levels are a series of three sequentially higher horizontal lines.The position of the center line is plotted by calculating the difference between the highest high and the lowest low for the asset price over a period of time and dividing it by 2.



The top and bottom line are drawn 1/3 and 2/3 of the difference, respectively, between the same high and low that are used to calculate the center line.

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