Pivot-X is a trend scalping indicator designed for lower time frames such as M1, M5 and M15 charts.
The indicator uses a combination of Moving Averages( MA Cross) + Custom Indicator to enter positions and a combination of Moving Averages (MA Cross)+RSI to exit its positions.
The Signal Bar is Indicated by a Circle while the Exit Bar is indicated by an "X", thus the name Pivot-X
How It Works
Entry signals are given at the beginning of a candle while closing signals are given at the close of the candle thus ensuring the authenticity of the indicator statistics.
- No Repaint
- No Back Paint
- Trend Scalper
- Authentic Statistics
How To Use
The Indicator works with any pair and any time frame. The statistics are designed to guide on the best decision . Signal Accuracy less than 80% should not be used.
- Currency Pair: Any Pair (Volatile Pair More Preferably)
- Time Frame: M1, M5 and M15 (M1 and M5 more preferable)
- Signal Accuracy: Advisable to trade Charts with Accuracy greater than 80%.
1. Signal Accuracy Calculation
The Accuracy is calculated as the:
Accuracy = (Successful Signals/Total Signals ) * 100.
Successful Signals= (Open Of Signal Bar) to (Close Of Exit Bar)
2. Net Profit = Total Signal Profits in Pips - Total Signal Losses.
- Length: Period setting for custom indicator used.
- Ma Period 1: First Moving Average Period
- Ma Period 2: Second Moving Average Period
NoirosFx is comprised of a team of dedicated experienced traders and developers. Our goal is to bring profitable solutions to the forex community at an affordable rate. In addition we publish good systems for free from time to time. Your success is our joy. Good luck and happy trading.
Note: Please make sure you download demo version and test extensively before making any purchase.