OPEN-SOURCE SCRIPT

Isolated Pivots

5 376
This script identifies potential price reversals at pivot high/low points using sets of 3 candles.

Pivot High: The middle candle must have a higher high and a higher low than the two outer candles.
Pivot Low: The middle candle must have a lower low and a lower high than the two outer candles.

Potential usage: When a market is moving higher in an uptrend, if a pivot low is identified then that might be a sign of price weakness.




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.