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Pivot Candles

The indicator is designed to determine the pivot level for a group of candlesticks and the trend direction.

  • no repainting
  • calculation is done on an active candle
  • if candlesticks are above the main line, the trend is upward
  • if candlesticks are below the main line, the trend is downward
  • breakdown of the main line signals a trend change or a price rebound
  • two display modes, normal and with acceleration (ModeLite)
  • an auxiliary line displays the resistance line


Configurations

  • BarsHistory - how many bars to use to display the indicator.
  • ModeLite - indicator display mode with acceleration in long trends.
  • Resistanceline - displays a line where the price meets resistance.

* true - on, false - off.

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