kate25

Using pivots to determine price strength

FX:NZDCHF   New Zealand Dollar/Swiss Franc
100 0 12
This chart has the scripts for the smaller pivot frames developed by Glaz for myself. This is merely a different take on averages crossing except using pivots. If one trades every 6hr pivot cross on the daily your odds at best are 1/1 win lose. If you trade only the 6hr pivot crosses consistent with the trend the daily pivots are in your odds increase to 3/1 win lose. Now if price is consolidating this system as it is will not work one needs to adjust all the pivot frames down. If I wanted to be in a trade anytime this past month on this pair I can see what way the daily pivots are trending and take the trade on the 6hr pivot that is consistent with the trend or wait for the 6hr pivot to retrace and enter there.
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