How To Compute Support and Resistance levels using F#?

@aaliyah 

To compute support and resistance levels using F#, you can follow these steps:

Step 1: Obtain historical price data for the security or instrument you are analyzing. Historical price data can be obtained from various sources, including financial websites, APIs, or databases.

Step 2: Define a function to calculate support and resistance levels based on the historical price data. You can use various methods to calculate support and resistance levels, such as the pivot points method, the Fibonacci retracement levels, or the moving averages method. Here is an example function to calculate support and resistance levels using the pivot points method:

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let calculateSupportResistanceLevels (highs: float list) (lows: float list) (closes: float list) =
    let pivot = (List.head highs + List.head lows + List.head closes) / 3.0
    let resistance1 = 2.0 * pivot - List.head lows
    let resistance2 = pivot + List.head highs - List.head lows
    let support1 = 2.0 * pivot - List.head highs
    let support2 = pivot - List.head highs + List.head lows
    (pivot, resistance1, resistance2, support1, support2)

Step 3: Call the function with the historical price data to calculate the support and resistance levels. For example:

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let highs = [100.0; 105.0; 110.0; 115.0; 120.0]
let lows = [90.0; 95.0; 100.0; 105.0; 110.0]
let closes = [95.0; 100.0; 105.0; 110.0; 115.0]

let supportResistanceLevels = calculateSupportResistanceLevels highs lows closes
printfn "Pivot: %f" (fst supportResistanceLevels)
printfn "Resistance 1: %f" (snd supportResistanceLevels)
printfn "Resistance 2: %f" (snd3 supportResistanceLevels)
printfn "Support 1: %f" (snd4 supportResistanceLevels)
printfn "Support 2: %f" (snd5 supportResistanceLevels)

This code will calculate the support and resistance levels based on the pivot points method for the given historical price data and print the results.

You can further enhance the function to include additional levels or use different methods to calculate support and resistance levels based on your requirements.