title: algorithm to determine support/resistance prices
body: <p>I developed an algorithm to determine the support/resistance prices of stocks.But my question is What would be a good metric to measure the efficiency of the algorithm?simply considering the percentage of points outside the support/resistance lines might not be a good metric because then using the minimum/maximum of all points will give 100% accuracy.We would not need an algorithm at all.I am just curious to know what could be a good metric?</p>