Pivot Extension LE
Revision as of 17:51, 29 September 2021 by Tammy Multicharts (talk | contribs) (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...")
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 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).
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.
