Cyatophilum Pivot Consolidation & Breakouts [ALERTSETUP] — Indicator by cyatophilum

Intraday Strategy built on Pivot Points Standard and Pivot Range.

The idea is to wait for a consolidation period AND a breakout. This really strong condition allows to set a 1/1 Risk/Reward ratio.

Starting from there we secure the profits with a Trailing Stop loss and/or Take Profit system integrated in the script.

This is the Alert version and you can see the backtest results below. Default settings work great on the 15m chart.

You can change the timeframe of the pivot points as well as the consolidation band in the settings. The SL/TP system is also configurable. This script includes a DCA feature.

To get the indicator, please use the link below, thanks!

Release Notes:

Added alert for range consolidation setup.

Release Notes:

Bug fix
(DCA orders with "allow reverse order option enabled" where triggering more times than expected)

Release Notes:

Bugfix:
Alert n° 23: SHORT ENTRY + DCA
2nd DCA order alert now working correctly

Release Notes:

Added take profit alert type
+ new alerts for DCA orders

🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/

Discord Server: discord.gg/RVwBkpnQzm

I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact cyatophilum for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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