tradeswithashish

Pivot Support & Resistance

Here signals are based on the pivot high and pivot lows. Factors taken into account in understanding the breakout or breakdown are:
  • volume

candle bar is not opening candle

must be near pivot high or low


Recommendation:
Use once candle closes else you might get trapped in certain cases so be careful
Release Notes:

Removed opening candle criteria.

added closing confirmation to avoid false breakdown breakouts

showing indicator for last 75 bars only

Release Notes:
  • Trailing stoploss
  • New trend vs trend continuation based on pivot-point
  • Entry point added
  • Maximum profit point is also added
Release Notes: added further explanation on the chart.

Skript med en öppen källkod

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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