Pivot Extension LE (Strategy)Analysis Techniques & Strategies
Pivot Extension LE (Strategy)| Name | Type | Default | Description |
| Price | Numeric | Low | Price value to refer to as a pivot point. |
| LeftStrength | Numeric | 4 | Number of higher values required on the left side of (preceding) the high pivot bar. |
| RightStrength | Numeric | 2 | Number of higher values required on the right side of (following) the high pivot bar. |
Long entry based on the occurrence of a low pivot point.
When a Price (Input) value is found that meets the requirement of a pivot, a long entry order is placed for the next bar. A low pivot bar is defined by this strategy as a bar that is preceded by LeftStrength (Input) number of higher Price values and followed by RightStrength (Input) number of higher Price values.
Order Name: PivLo
Related Strategy: Pivot Extension SE
Related Function(s): PivotLowVS
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