LonesomeTheBlue

Pivot Trend

Hello Traders,

Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages.

How it works?
- it finds the Pivot Points , you can set the length as you want
- it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included
- it compares the current closing price with averages of Pivot Highs and Pivot Lows
- if both are positive or negative then trend changes

You have two options:
- Pivot Point Period => is the length that is used to find Pivot Points . means it checks left/right bars if it's Pivot Point (4 by default)
- Number of PP to check => is the number of Pivot Points that the script finds and calculates the averages (3 by default)

An Example with the settings Pivot Point Period = 5 and Number of PP to check = 2


Play with settings as you wish. Comments are welcome, together we can improve it ;)


Enjoy!


Versionshinweise: Added Alerts.
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Kommentare

hi,
u did good and hard work for all of us, big thank you :)
+8 Antworten
Great script, will test it out. Thanks @LonesomeTheBlue for your hard work...
+5 Antworten
Love all of your scripts! Any way that you can add alerts to this?

many thanks
+4 Antworten
@Wilbur20, sure when I have time I will ;)
+1 Antworten
Wilbur20 LonesomeTheBlue
@LonesomeTheBlue, Thank You!!
+2 Antworten
Bearishness Wilbur20
yes please!!! I am happy to pay for this
Antworten
LonesomeTheBlue Bearishness
@Bearishness, donations are welcome :) you can see my eth and btc address ;)
+2 Antworten
Awesome, thank you, sir !
+3 Antworten
LonesomeTheBlue BlueChipMutt
@BlueChipMutt, you are welcome!
Antworten
I love your work bro... really good scripts... appreciate your smart and hard work....thank you
+3 Antworten