I'm working on improving the Pivot Points Reversal Strategy.
As one of the ways to filter out insignificant levels I decided to check that pivot point is not above/below neighbors, but check that it's above/below at least by a certain amount.
I use ATR, so in params, you can set length of ATR and also ATR multiplier. The new level will be calculated only if PP will be above/below neighbors by atr * atr_mult.
It seems this approach might help in some cases.
Here I have PivotPoint + RSI strategy:
As one of the ways to filter out insignificant levels I decided to check that pivot point is not above/below neighbors, but check that it's above/below at least by a certain amount.
I use ATR, so in params, you can set length of ATR and also ATR multiplier. The new level will be calculated only if PP will be above/below neighbors by atr * atr_mult.
It seems this approach might help in some cases.
Here I have PivotPoint + RSI strategy:
Courses:
Pine Programming v5: qntly.com/pineprog
Adv.Pine Use-Cases: qntly.com/advpine
Access to Pro Indic.: qntly.com/proind
Hire Me: qntly.com/hirepine
Telegram: qntly.com/tel
Pine Programming v5: qntly.com/pineprog
Adv.Pine Use-Cases: qntly.com/advpine
Access to Pro Indic.: qntly.com/proind
Hire Me: qntly.com/hirepine
Telegram: qntly.com/tel