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!


ملاحظات الأخبار: Added Alerts.
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التعليقات

Hello, should the alert (trend changed) fire as soon as the trend changes? Because I used it on GBPCHF and the trend changed around 1:30AM but I didn't get an alert until 2:30AM saying that the trend has changed and by then it was too late. Can you advise if this is a bug or?
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LonesomeTheBlue Jumbolemming
@Jumbolemming, interesting, there is no lag in the script. maybe buy in TV, not sure
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Jumbolemming LonesomeTheBlue
@LonesomeTheBlue, I have and it's still producing alerts later than it should. Can you please look into it? Am I right in thinking I need to use the alert mode 'Pivot Trend UP' & 'Pivot Trend DOWN' to signal buy/sell positions? Thanks
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Nvidia4 Jumbolemming
@Jumbolemming, - He is correct. No lag.
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Hi,

How can I add this script to my MT4 chart. Please advise
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Did anyone do a strategy version of this?
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Hi, l am new in forex trading and have just gone through your work and looks very interesting. My most interest was trend following using pivot points. I'd love to get some more materials in that regard, Pls advise.
Lesiba-M
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hi,
u did good and hard work for all of us, big thank you :)
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It would be great to have the cero line markeed with a dotted line if possible. Cheers
+1 رد
@NetoDav, sorry I didn't understand what you mean.
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