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
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Added alert for range consolidation setup.
Release Notes
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Bug fix (DCA orders with "allow reverse order option enabled" where triggering more times than expected)
Release Notes
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Bugfix: Alert n° 23: SHORT ENTRY + DCA 2nd DCA order alert now working correctly
Release Notes
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Added take profit alert type + new alerts for DCA orders
hello, I'm interested in trying this out if possible
grommky
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please access, thanks
kk1511
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Hi.. could you please grant permission for me to access this indicator? I do trading on pivots.
But always end up leaving early when trade is in my direction or stay late when it is against.
This looks to be the best indicator with 66%. Please let me know if I can use it.
I added it into my favorite script but can't access it as I don't hv permission.
cyatophilum
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Hi @kk1511, this indicator is private, see the links in my profile signature, thanks!
Maltron
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Здравствуйте. Прошу вас дать мне доступ к индикатору.