SidekickAlgo

SideKick Trend


Pivot point based indicator using candlestick colors on the daily time frame to indicate potential trends.
The major trend corresponds to the breakout of a major pivot point, while the minor trend corresponds to the breakout of a minor pivot point.

Colors:

# Orange: Indicates major uptrend (important pivot high has been surpassed)
# Black: Indicates major downtrend (important pivot low has been broken)

Additional:

# Orange (50% opacity): Indicates minor uptrend (break of a minor pivot high) while a major downtrend persists
# Black (50% opacity): Indicates minor downtrend (break of a minor pivot low) while a major uptrend persists.

The minor trends serve as potential indicators of a shift in the major trend or a temporary retrace which may provide opportunities for strategic entry points depending on your strategy.

All scripts and content provided are for informational and educational purposes only! Past performance does not guarantee future results! The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by nakedforexalgo.
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