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