Pivot Reversal

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Indicator detects pivot points of supposed reversal trends and print text labels at the opening of signal bar.

There are 4 inputs:

  1. Bars to left - quantity of bars for analyzing to the left of currently analyzing bar;
  2. Bars to right - quantity of bars for analyzing to the right when and if left bars analysis found supposed pivot point;
  3. ATR (average true range) period and multiplier are used some type of noise reducing calculations.

Labels contain direction of signal LE means long entry and SE - short entry. Also they contain price of signal pivot point.

Data window contains output of calculated buffers of baselines and main trade signal buffer. Thus, it allows to incorporate it with expert advisor, say as entry signal, stop loss definition or supposed take profit goals.

Profitable trading!

Regards, Fyodor.



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