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Cyatophilum Pivot Consolidation & Breakouts [BACKTEST]

2 906
Intraday Strategy built on Pivot Points Standard and Pivot Range.

The idea is to wait for a consolidation period AND a breakout. This really strong condition allows to set a 1/1 Risk/Reward ratio.

syot kilat

Starting from there we secure the profits with a Trailing Stop loss and/or Take Profit system integrated in the script.

syot kilat

This is the Backtest version and you can see the results below. Default settings work great on the 15m chart.

You can change the timeframe of the pivot points as well as the consolidation band in the settings. The SL/TP system is also configurable. This script includes a DCA feature.

To get the indicator, please use the link below, thanks!
Nota Keluaran
Bug fix
(DCA orders with "allow reverse order option enabled" where triggering more times than expected)
Nota Keluaran
Added info (config) panel
+ take profit alert type

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.