Pivot Extension Strategy

Definition

The Pivot Extension Strategy is based on Pivot Points. The strategy scans the last X+Y bars (where X and Y are leftBars and rightBars inputs in the indicator settings) to find a pivot. When a high pivot is located, the strategy will open a short position. If a low pivot is found, it will enter a long. Note that the strategy will lag Y bars behind because the chart needs to draw Y new bars after a potential pivot to detect the pivot.

Summary

The Pivot Extension Strategy was created for pivot traders and those looking for swing trades or specific levels of support and resistance. When a high pivot occurs, the strategy will open a short position and when a low pivot occurs, it will enter a long position. What’s important to note is that the strategy scans the last X+Y bars, which are inputs in the strategy settings as leftBars and rightBars. It’s important for the user to define these bars to make the strategy work effectively. 

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 Tavsiye edilen arkadaşlar Koinler Destek Kayıtlarım Destek Merkezi Özel Mesajlar Sohbet Çıkış