Pivot Support & Resistance

Here signals are based on the pivot high and pivot lows. Factors taken into account in understanding the breakout or breakdown are:

volume

*candle bar is not opening candle

*must be near pivot high or low

Recommendation:
Use once candle closes else you might get trapped in certain cases so be careful

Nota Keluaran

Removed opening candle criteria.

*added closing confirmation to avoid false breakdown breakouts

*showing indicator for last 75 bars only

*

Nota Keluaran

Trailing stoploss
New trend vs trend continuation based on pivot-point
Entry point added
Maximum profit point is also added

Nota Keluaran

added further explanation on the chart.

Skrip sumber terbuka

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

iitiantradingsage

Juga pada:

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Skrip sumber terbuka

For quick access on a chart, add this script to your favorites — learn more here.

iitiantradingsage

Juga pada: