SoftKill21

Pivot Points LSMA Forex Strategy

A pivot point is a is a technical indicator used by forex traders as a price level gauge for potential future market movements. The pivot point indicator is used to determine trend bias as well as levels of support and resistance , which in turn can be used as profit targets, stop losses, entries and exits.

The least square moving average ( LSMA ) calculates the least squares regression line for the preceding time periods, thus leading to forward projections from the current period.


I find out that combining them both can make a nice strategy adapted for major pairs like GBPUSD , EURUSD and others on 1h time frames.

For calculations I am using 1 day previous high and low (24 candles of 1h) and 50 candles for moving average(in my opinion one of the best moving averages length)

Rules :

For long : Actual low pivot is higher than previous pivot and previous pivot is lower than second previous pivot
At the same time I am lookling that current close price is above the moving average

For short: Actual high pivot is low than previous pivot and previous pivot is higher than second previous pivot
At the same time I am lookling that current close price is below the moving average


This strategy has no risk management inside, so use it with caution.
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。

想在图表上使用此脚本?
My website: https://www.atraderlife.com/

Telegram group: https://t.me/atrader_life

DONATION
BTC: 347p8NNwnHmAUfyJXWaeLUgrpHwthmr5UP

TV
https://www.tradingview.com/gopro/?share_your_love=SoftKill21

评论