Pivot Strategy

[mfoste1]

Hello everyone I hope everyone had a great holiday!

I'm surprised that this type of strategy hasn't been developed yet, due to how often daily pivots are used in intraday trading. It should be pretty easy to develop and code. This is how it should work with parameters

*When price touches selected level, ( this can be a pivot, S1, S2, S3, R1, R2, R3 as selected by the user) enter a trade in the opposite direction*

- so basically if price moves higher to touch, for example s2, it would then enter a short trade if the user specified this level for the trade

-another example would be if price moved lower and you want to enter long at a touch of the pivot, it would then enter a long trade on the touch of pivot.

Parameters
1. stop/limit
2.allow X number of positions

Thank You,
MFoste1

[Apprentice]

Your request is added to the developmental cue.

[mfoste1]

Ive seen people request strategies much later than I have for this simple strategy and they get theirs actually worked on and finished but mine gets stepped over Something doesnt seem right here.....

[Alexander.Gettinger]

Please try this strategy:

pivot_strategy.lua

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