How To Compute Support and Resistance levels in Groovy?

@bria_metz 

To compute support and resistance levels in Groovy, you can use historical price data to identify key levels where the price tends to fluctuate or reverse direction. Here's a simple example of how you can calculate support and resistance levels in Groovy:

1. Retrieve historical price data for a particular asset or security.
2. Define a time frame that you want to analyze (e.g. daily, weekly, monthly).
3. Calculate the highest high and lowest low prices within the defined time frame.
4. Identify key levels where the price has previously bounced off or struggled to break through.
5. Use these key levels as support and resistance levels for future price movements.

Here's an example of a Groovy script that calculates support and resistance levels based on historical price data:

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def prices = [100, 105, 110, 95, 120, 115, 90, 125] // Example historical price data
def highestHigh = prices.max()
def lowestLow = prices.min()

def supportLevel = lowestLow
def resistanceLevel = highestHigh

println "Support Level: $supportLevel"
println "Resistance Level: $resistanceLevel"

In this example, we define a list of historical price data and calculate the highest high and lowest low prices. The highest high is used as the resistance level, while the lowest low is used as the support level. You can refine this calculation further by using more complex algorithms or incorporating additional technical indicators.