PROTECTED SOURCE SCRIPT
Adjustable Pivot Points-Highlights Important Price Bars
The Adjustable Pivot Point script highlights important price bars that are moving out of short-term consolidation.
What can you do with it:
An example:
You could highlight price bars that are up 3% on the day, within 5% of a new 40-day closing high, at a new 5-day closing high after moving less than 5% over the previous 5 days. Pivot point bars can offer good entries for both swing traders and traders looking to own a stock over several months.
A key is to have a long enough lookback period so that you don't have a lot of false price highlights and at the same time set the % fluctuation over 5 days low enough to see valid consolidations.
Best of luck!
What can you do with it:
- Set the % the price bar should be up on the day
- Set the longer-term lookback period
- Set the % that the current price needs to be within the longer-term lookback period
- Set the short-term new high period
- Set the % of price fluctuation of a 5-day period
An example:
You could highlight price bars that are up 3% on the day, within 5% of a new 40-day closing high, at a new 5-day closing high after moving less than 5% over the previous 5 days. Pivot point bars can offer good entries for both swing traders and traders looking to own a stock over several months.
A key is to have a long enough lookback period so that you don't have a lot of false price highlights and at the same time set the % fluctuation over 5 days low enough to see valid consolidations.
Best of luck!
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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 dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.