Pivot Points High Low
- Indikatoren
- Mudit Agarwal
- Version: 1.0
The Pivot Points High Low indicator is used to determine and anticipate potential changes in market price and reversals.
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Pivot Point Highs are determined by the number of bars with lower highs on either side of a Pivot Point High. Pivot Point Lows are determined by the number of bars with higher lows on either side of a Pivot Point Low.
For example, a Pivot Point High, with a period of 5 (left) and 5 (right), requires a minimum of 11 bars to be considered a valid Pivot Point. A minimum of 5 bars before and after the Pivot Point High all have to have lower highs.
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