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in an uptrend with ur palm facing up, the middle finger is ur pivot high.
face the palm down , the midle finger is ur pivot low..
thts the definition of pivot...hope u get my point....now u have to see all the highs & lows of the candle like tht & trace the pivots strictly by definition.then draw all ur analysis after tht.if u dont do tht this system will becum speculative in nature which we dont want...
if u use amibroker i can provide u the formula for it.it is 99.99% accurate in identifying pivots...pls take out the human element from this trendline thing...no speculations,no ifs & buts...trade like a robot as per the rules only.
also dont forget u can have a pivot high & pivot low on the same bar.
see the attached photo
face the palm down , the midle finger is ur pivot low..
thts the definition of pivot...hope u get my point....now u have to see all the highs & lows of the candle like tht & trace the pivots strictly by definition.then draw all ur analysis after tht.if u dont do tht this system will becum speculative in nature which we dont want...
if u use amibroker i can provide u the formula for it.it is 99.99% accurate in identifying pivots...pls take out the human element from this trendline thing...no speculations,no ifs & buts...trade like a robot as per the rules only.
also dont forget u can have a pivot high & pivot low on the same bar.
see the attached photo