Difference between revisions of "Pivot Extension LE"
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(Created page with "Pivot Extension LE places a long entry order on the next bar when a Low Pivot point occurs. <br> Pivot Low point is identified when the low price of that bar is below the low...") |
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Pivot Extension LE places a long entry order on the next bar when a Low Pivot point occurs. | Pivot Extension LE places a long entry order on the next bar when a Low Pivot point occurs. | ||
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| − | Pivot Low point is identified when the low price of | + | Pivot Low point is identified when the low price of the 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). |
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This signal generates a long entry only. Use [[Pivot Extension SE]] for entering a short position. | This signal generates a long entry only. Use [[Pivot Extension SE]] for entering a short position. | ||
Latest revision as of 17:54, 29 September 2021
Pivot Extension LE places a long entry order on the next bar when a Low Pivot point occurs.
Pivot Low point is identified when the low price of the 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).
This signal generates a long entry only. Use Pivot Extension SE for entering a short position.
Default Inputs
Price (Low) - price value used for identifying pivot points.
LeftStrength (3) - number of previous bars that must be greater than the pivot price.
RightStrength (3) - number of subsequent bars that must be greater than the pivot price.
