SoftKill21

Pivot Points LSMA Forex Strategy

A pivot point is a is a technical indicator used by forex traders as a price level gauge for potential future market movements. The pivot point indicator is used to determine trend bias as well as levels of support and resistance , which in turn can be used as profit targets, stop losses, entries and exits.

The least square moving average ( LSMA ) calculates the least squares regression line for the preceding time periods, thus leading to forward projections from the current period.


I find out that combining them both can make a nice strategy adapted for major pairs like GBPUSD , EURUSD and others on 1h time frames.

For calculations I am using 1 day previous high and low (24 candles of 1h) and 50 candles for moving average(in my opinion one of the best moving averages length)

Rules :

For long : Actual low pivot is higher than previous pivot and previous pivot is lower than second previous pivot
At the same time I am lookling that current close price is above the moving average

For short: Actual high pivot is low than previous pivot and previous pivot is higher than second previous pivot
At the same time I am lookling that current close price is below the moving average


This strategy has no risk management inside, so use it with caution.
Açık kaynak kodlu komut dosyası

Gerçek TradingView ruhuyla, bu komut dosyasının yazarı açık kaynak olarak yayınladı, böylece yatırımcılar bunu anlayabilir ve doğrulayabilir. Yazara tebrikler! Ücretsiz olarak kullanabilirsiniz, ancak bu kodun bir yayında yeniden kullanımı Kullanım Koşulları tarafından belirlenmektedir. Bir grafikte kullanmak için favorilerinize ekleyebilirsiniz.

Bu komut dosyasını bir grafikte kullanmak ister misiniz?
My website: https://www.atraderlife.com/

Telegram group: https://t.me/atrader_life

DONATION
BTC: 347p8NNwnHmAUfyJXWaeLUgrpHwthmr5UP

TV
https://www.tradingview.com/gopro/?share_your_love=SoftKill21

Yorumlar