Scripts: Identify potential Trends/Range (Pivot Points)
Looking good
Interesting..yes looking good.
Mario Gharib:
@pkoolc1 it will help you to identify if you are in an uptrend (that way you can go with the trend by entering on the pullbacks) or you are in a ranging market (to avoid entering before it breaks this rang; this way you will enter on the second breakout)
@pkoolc1 it will help you to identify if you are in an uptrend (that way you can go with the trend by entering on the pullbacks) or you are in a ranging market (to avoid entering before it breaks this rang; this way you will enter on the second breakout)
Ok. So it just to attach to the chart everything before marking a decision
when i compile SCT_PivotPoints.mq5 it gives me errors
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Identify potential Trends/Range (Pivot Points):
When I start learning about trading, I remember the trading pioneer Shawn Lucas (founder of Apiary-fund) saying "trading is simple, you go from bound range market to breakout market and vice versa". I looked at few charts and he was right. So I told myself, I have to always eyeball ranging market and trending market but with the help of an indicator. There are plenty for indicator that help us eyeball these ranging/trending market and they work really well, but I like using Pivot Points.
Author: Mario Gharib