ReePrime
Program 6 | Pivot confluence strategy

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Program 6 | Pivot confluence strategy

M
Markplex

2 Views • Apr 07, 2010

Description

This strategy builds on the principles developed in tutorial 13 at markplex.com. As successive close pivots or turning points are combined the 'weighting' of the line increases. Trades are instigated when a new line is combined and the resulting weighting is above a user defined input AND a filter is true and the number of pivots below the entry pivot is greater than the number of pivots above the entry pivot (in the case of long trades) or the number of pivots above the entry pivot is greater than the number of pivots below the entry pivot (in the case of short trades) - although this can be adjusted by the DirVector input.