I would like to introduce you decision point boxes study. The idea is the same as the pivots looking left and right some count of candles that has to be either up or down candle the only difference from pivots is that I'm only looking for consecutive up or down candle and in between them one candle that is oposite stance than surounding also...
Intelligent Trend - (Expo)
The Intelligent Trend is a powerful trend visualizing tool with real-time decision points. The indicator analyzes the current trend and identifying areas where a new decision should be made. These points will appear in pullbacks or where the market will change. The trader should always make a new decision on these...
For XBT/USD pairs.
Based on Decision Point oscillator by LazyBear.
I added a Rate of Change component based on code by kiasaki - this stops trading in a sideways market.
You can adjust stop loss and take profit values in the settings.
Go Long when the background turns from red to green
Go Short when the background turns from green to red