TRSI AND PIVOT STRATEGY
This is TRSI and Pivothigh and Pivotlow combined indicator.
TRSI itself generates signals when crossing 30/70 or 20/80 levels (as per your choice) to buy or to sell accordingly.
These crossing levels are marked on the chart with triangles and their direction.
The channel you see on the chart is based on high and low pivots, by defauld 4 bars left and 2 bars right.
How to use the channel:
The best signal is generated when price crosses the channel up or down and TRSI crosses 30/70 or 20/80 level confirming the price movement. The crossing points of price and the channel are marked with blue and red crossess.
You can use the channel to trade within it with TRSI confirmation, as price usually bounces from the levels.
Best timeframes are 15 min and 1 hour.
TRSI itself generates signals when crossing 30/70 or 20/80 levels (as per your choice) to buy or to sell accordingly.
These crossing levels are marked on the chart with triangles and their direction.
The channel you see on the chart is based on high and low pivots, by defauld 4 bars left and 2 bars right.
How to use the channel:
The best signal is generated when price crosses the channel up or down and TRSI crosses 30/70 or 20/80 level confirming the price movement. The crossing points of price and the channel are marked with blue and red crossess.
You can use the channel to trade within it with TRSI confirmation, as price usually bounces from the levels.
Best timeframes are 15 min and 1 hour.
Versionsinformation:
Deleted some redundant code