Analysis Techniques & Strategies

Pivot Extension SE (Strategy)

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Input Information

Name Type Default Description
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.

Usage

Short entry based on the occurrence of a high pivot point.

Description

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