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iitiantradingsage
15 nov 2021 02:16

Pivot Support & Resistance 

NSE:NAUKRI5
INFO EDGENSE

Beskrivning

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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

Versionsinformation

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Removed opening candle criteria.

*added closing confirmation to avoid false breakdown breakouts

*showing indicator for last 75 bars only

*

Versionsinformation

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  • Trailing stoploss
  • New trend vs trend continuation based on pivot-point
  • Entry point added
  • Maximum profit point is also added

Versionsinformation

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added further explanation on the chart.
Pivot PointsSupport and ResistanceVolumepivotsupportpivotresistancepivotstrategysupportresistencebreakoutbreakdown
Kommentarer
iitiantradingsage
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Optimization is yet to done so use the indicator only for alert purposes..
karrkannan2
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Hi sir, Where to place stop loss?
iitiantradingsage
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@karrkannan2, Trailing Stoploss line
TK42DAN
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I feel like I'm having a brain freeze, but.... How do you set alerts with this? I see I can choose the pivot support/resistance break but then it asks me for other parameters, too, such as price, etc. Is there a way to get notified simply when the Sell or Buy labels print? What am I missing? Thanks!
iitiantradingsage
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@TK42DAN, alerts are not there. if you want alerts do let me know. I can code it for you. but will have to pay for my efforts.
TK42DAN
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@tradeswithashish, Fair enough. Thanks for the clarification. Not something I can swing right now, but I'll keep it in mind.
saichaitanya997
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@iitiantradingsage,
nileshpatange222
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Superb work sir
iitiantradingsage
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Mer