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Botnet101

Bias Pivot Point

Botnet101  
Pivot points and levels Trend Analysis Pivot Points bias trend pivot Bullish Patterns Bearish Patterns swingtrading profit target positiontrading
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pivotpointsandlevels trendanalysis pivotpoints bias trend pivot bullish bearish swingtrading profit target positiontrading
A simple indicator that uses Pivot Points as a filter and to generate a Directional Bias.


How to use this indicator?
1. Directional Bias
  • Bullish => Closing Price > Pivot Point
  • Bearish => Closing Price < Pivot Point

2. Support / Resistance
Each Pivot Points can be used as Support or Resistance

3. Take Profit Targets
Each Pivot Points can be used as targets for taking profit
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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