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

版本注释:

• 
  

Removed opening candle criteria.

added closing confirmation to avoid false breakdown breakouts

showing indicator for last 75 bars only

版本注释:

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

版本注释:

added further explanation on the chart.