An introduction to the dynamic price pivots indicator for Tradestation Securities
An introduction to the dynamic price pivots indicator for Tradestation Securities. Pivot poins can then be used to identify congestion phases of price action, as they are created dynamically, as well as define trends, again in real time. And of course, not forgetting possible trading opportunities as well.
Two specific pivot signals are displayed. A pivot low, and a pivot high. Both are shown with a yellow arrow. The pivot low is triggered on the candle, when the candles or bars either side have a higher high and a higher low than that in the middle. The pivot high is triggered on the candle, when the candles or bars on either side have a lower high and a lower low. These simple phases of price action then signal potential reversals along with pauses points into congestion, and the development of longer term trends.
In congestion phases, the pivots mark the highs and lows of the phase dynamically. In the trend phase, again they mark the upper and lower trend lines as the price action develops.
How to use the pivots indicator to identify the trend at the live edge on the Tradestation platform
How to use the pivots indicator to identify the trend at the live edge on the Tradestation platform.
Using the pivots indicator to confirm congestion phases on the Tradestation platform
Using the pivots indicator to confirm congestion phases on the Tradestation platform.