Cyatophilum Pivot Consolidation & Breakouts [BACKTEST]

Intraday Strategy built on Pivot Points Standard and Pivot Range.

The idea is to wait for a consolidation period AND a breakout. This really strong condition allows to set a 1/1 Risk/Reward ratio.

Starting from there we secure the profits with a Trailing Stop loss and/or Take Profit system integrated in the script.

This is the Backtest version and you can see the results below. Default settings work great on the 15m chart.

You can change the timeframe of the pivot points as well as the consolidation band in the settings. The SL/TP system is also configurable. This script includes a DCA feature.

To get the indicator, please use the link below, thanks!

Release Notes

Bug fix
(DCA orders with "allow reverse order option enabled" where triggering more times than expected)

Release Notes

Added info (config) panel
+ take profit alert type

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact cyatophilum directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.

cyatophilum

🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/

Discord Server: discord.gg/RVwBkpnQzm

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