mgibson91

Pivot trend indicator

This is a LAGGING indicator which can provide a good indication of trend. It require a certain (configurable) number of candles to have closed before it can determine whether a pivot has formed.

It provides a 20 period SMA for the timeframe of your choice which is color coded to show the trend according to confirmed pivots .

Anticipated usage:
  • Long / Short bias is determined by pivot trend
  • Trader seeks entries according to their strategy
  • Black consolidation areas may trigger a re-evaluation of the trade and can serve as good profit taking areas

The SMA colors:
  • Green -> Higher highs & Higher lows
  • Red -> Lower highs & Lowers lows
  • Black -> No clear trend from the pivots

Why the 20 SMA?
Feel free to adjust it for your purposes. I personally find that using a higher time frame 20 SMA is a better indication of trend than longer period MAs on shorter time frames. This can be seen from comparing the 20 daily SMA and 200 hourly SMA .

Pivot adjustment
The pivots use the selected time frame (not) the MA trend time frame. You can specify the left and right candles required to confirm a pivot
從收藏腳本中移除 新增至收藏腳本

評論

首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 價格 推薦朋友 網站規則 幫助中心 網站 & 經紀商解決方案 小工具 圖表解決方案 輕量圖表庫 部落格 & 新聞 推特
概覽 個人資料設定 賬戶和賬單 推薦朋友 我的客服工單 幫助中心 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出