Analysis Techniques & Strategies

Pivot Extension LE (Strategy)

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Input Information

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.

Usage

Long entry based on the occurrence of a low pivot point.

Description

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