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Pivot Support & Resistance

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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
Notes de version
Removed opening candle criteria.

*added closing confirmation to avoid false breakdown breakouts

*showing indicator for last 75 bars only

*
Notes de version
  • Trailing stoploss
  • New trend vs trend continuation based on pivot-point
  • Entry point added
  • Maximum profit point is also added
Notes de version
added further explanation on the chart.

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