Pivot Reversal SE
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Pivot Reversal SE places a short entry Stop order on the Low of next bar when a breakout of 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 and subsequent bars (specified in Strength input). When a new Pivot Low point is confirmed, an order is placed.
This signal generates a short entry only. Use Pivot Reversal LE for entering a long position.
Default Inputs
Strength (4) - number of higher lows that must be on each side of the Pivot Low point.
