TradingView
NoBullTradingGroup
Dec 11, 2020 1:06 PM

SD Pivot v1 

EUR/AUDOANDA

Description

How to use the indicator:
--------------------------

Main base of the indicator is Bollinger bands.

This indicator works on volatility change in the market.

The arrows which print above and below the candles are a pre warning of volatility change

The highlighted candles are calculated of the market average price ( this is used as an entry candle after the close)

For a buy condition arrows will print under a candle the trader must wait until there is a change of colour on the candle close. (average price becomes bullish)

For a sell condition arrows will print above a candle the trade must wait until there is a change of colour on the candle close. (average price become bearish)

Entry timeframe is the 15 minute chart higher timeframes should be check for confluence


Note:
-----

This should not be used on its own but with other indicators to complete a system

Please see our links below to use this system

Disclaimer:
As with any indicator there comes risk with prediction and no indicator can be 100% right.
More