Cyatophilum Pivot Consolidation & Breakouts [ALERTSETUP]
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!
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!
Versionsinformation:
Added alert for range consolidation setup.
Versionsinformation:
Bug fix
(DCA orders with "allow reverse order option enabled" where triggering more times than expected)
(DCA orders with "allow reverse order option enabled" where triggering more times than expected)
Versionsinformation:
Bugfix:
Alert n° 23: SHORT ENTRY + DCA
2nd DCA order alert now working correctly
Alert n° 23: SHORT ENTRY + DCA
2nd DCA order alert now working correctly
Versionsinformation:
Added take profit alert type
+ new alerts for DCA orders
+ new alerts for DCA orders
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Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/