Pivot Low: Difference between revisions
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When the price crosses above resistance level or below support level, a breakout occurs and a major price movement may be expected. | When the price crosses above resistance level or below support level, a breakout occurs and a major price movement may be expected. | ||
Pivot Low indicator identifies low pivot points. A cyan dot is placed at the Low of the bar when the low price of that bar is below the low | Pivot Low indicator identifies low pivot points. A cyan dot is placed at the Low of the bar when the low price of that bar is below the low prices of a number of previous bars (specified in LeftStrength input) and a number of subsequent bars (specified in RightStrength input). | ||
== Default Inputs == | == Default Inputs == | ||
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'''RightStrength (3)''' - number of subsequent bars that must be greater than the pivot price. | '''RightStrength (3)''' - number of subsequent bars that must be greater than the pivot price. | ||
[[File:Pivot-Low-indicator.png|700px|link=https://www.multicharts.com/trading-software/images/0/0b/Pivot-Low-indicator.png]] | |||
[[Category:Pre-built Indicators]] | [[Category:Pre-built Indicators]] |