LonesomeTheBlue

Pivot Trend

Hello Traders,

Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages.

How it works?
- it finds the Pivot Points , you can set the length as you want
- it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included
- it compares the current closing price with averages of Pivot Highs and Pivot Lows
- if both are positive or negative then trend changes

You have two options:
- Pivot Point Period => is the length that is used to find Pivot Points . means it checks left/right bars if it's Pivot Point (4 by default)
- Number of PP to check => is the number of Pivot Points that the script finds and calculates the averages (3 by default)

An Example with the settings Pivot Point Period = 5 and Number of PP to check = 2


Play with settings as you wish. Comments are welcome, together we can improve it ;)


Enjoy!


Sürüm Notları: Added Alerts.
Favori Komutlardan Çıkart Favori Komutlara Ekle
If you find my works useful, please consider a donation
BTC: 19qDW9AShZhBZsGuXcgRzam5Fbpc3EU8EV
ETH: 0x39c8552371b9b7f4e324197af460ba8bc8e18ef9

Yorumlar

Hello, should the alert (trend changed) fire as soon as the trend changes? Because I used it on GBPCHF and the trend changed around 1:30AM but I didn't get an alert until 2:30AM saying that the trend has changed and by then it was too late. Can you advise if this is a bug or?
Cevap Gönder
LonesomeTheBlue Jumbolemming
@Jumbolemming, interesting, there is no lag in the script. maybe buy in TV, not sure
Cevap Gönder
Jumbolemming LonesomeTheBlue
@LonesomeTheBlue, I have and it's still producing alerts later than it should. Can you please look into it? Am I right in thinking I need to use the alert mode 'Pivot Trend UP' & 'Pivot Trend DOWN' to signal buy/sell positions? Thanks
Cevap Gönder
Hi,

How can I add this script to my MT4 chart. Please advise
Cevap Gönder
Did anyone do a strategy version of this?
Cevap Gönder
Hi, l am new in forex trading and have just gone through your work and looks very interesting. My most interest was trend following using pivot points. I'd love to get some more materials in that regard, Pls advise.
Lesiba-M
Cevap Gönder
hi,
u did good and hard work for all of us, big thank you :)
+5 Cevap Gönder
It would be great to have the cero line markeed with a dotted line if possible. Cheers
+1 Cevap Gönder
@NetoDav, sorry I didn't understand what you mean.
Cevap Gönder
Arrows not see on chart
Cevap Gönder
Ana Sayfa Hisse Senedi Takipçisi Forex Takipçisi Kripto Takipçisi Ekonomik Takvim Nasıl Çalışır Grafik Özellikleri Ücretlendirme Tanıdık yönlendirme Kurallarımız Destek Merkezi Web Sitesi & Aracı Kurum Çözümleri Görsel Bileşenler(Widget) Grafik Çözümleri Hafif Grafik Kitaplığı Blog ve Haberler Twitter
Profil Profil Ayarları Hesap ve Ödemeler Tanıdık yönlendirme Destek Kayıtlarım Destek Merkezi Yayınlanmış Fikirler Takip Edenler Takip ediliyor Özel Mesajlar Sohbet Çıkış