Pivot Extension SE
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Pivot Extension SE places a short entry order on the next bar when a High Pivot point occurs.
Pivot High point is identified when the high price of the bar is above the high 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 short entry only. Use Pivot Extension LE for entering a long position.
Default Inputs
Price (High) - price value used for identifying pivot points.
LeftStrength (3) - number of previous bars that must be lower than the pivot price.
RightStrength (3) - number of subsequent bars that must be lower than the pivot price.