Description
The Taylor Trading Zone Calculator – Daily Support, Resistance, & Trading Range
For markets where daily price movement is generally greater than 10 points (ES, MES)
Excel spreadsheet for calculating the daily trading zone using Taylor’s Trading Technique. Taylor’s trading technique is a mathematical model predicting where a market is likely to trade. Taylor’s calculations have a 75-year history of accuracy for determining support, resistance, and trading range. Taylor based his calculations on his 1950’s studies of grain markets. In 2002, S&P futures trader and author George Angel backtested Taylor’s calculations for 20 years, applying various modifications to find the one that best-modeled market prices over that timeframe. The model works for virtually every tradeable market. This is what you’re getting!
To learn how to calculate Taylor’s formulas, you can buy Taylor’s book, but the book is extremely difficult to understand and the calculations are not provided. Angel didn’t provide the calculations either, but simply an explanation of the modifications to Taylor’s original work. To actually figure out the calculations is extremely difficult. In addition, the calculations must be updated daily with the most recent prices, so the calculations must be “baked fresh” each day. For this reason, the calculations need to be performed each day to find the range for the next session.
Taylor’s model has proven invaluable to professional traders. Now, you can have the same tool the pros have relied on for years.
So why hasn’t Taylor been adopted by casual and novice traders? That’s a good question, and the reason is that the mathematical formulas are difficult to calculate. Traders who want to try Taylor Trading Technique for themselves can purchase his book – but the book doesn’t provide clarity on how the calculations are expressed.
Over the years, Taylor’s model has been adopted by almost all professional traders because it’s the next best thing to having a crystal ball of where support and resistance are likely to be, and the zone where prices should trade. The Taylor Trading Calculator can be purchased right here. The calculations are built into this Excel spreadsheet. To refresh the calculations, simply enter the most recent open, high, low, and close. The calculations are performed for you automatically.
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