SD Pivot v1
How to use the indicator:
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Main base of the indicator is Bollinger bands.
This indicator works on volatility change in the market.
The arrows which print above and below the candles are a pre warning of volatility change
The highlighted candles are calculated of the market average price ( this is used as an entry candle after the close)
For a buy condition arrows will print under a candle the trader must wait until there is a change of colour on the candle close. (average price becomes bullish)
For a sell condition arrows will print above a candle the trade must wait until there is a change of colour on the candle close. (average price become bearish)
Entry timeframe is the 15 minute chart higher timeframes should be check for confluence
Note:
-----
This should not be used on its own but with other indicators to complete a system
Please see our links below to use this system
Disclaimer:
As with any indicator there comes risk with prediction and no indicator can be 100% right.
--------------------------
Main base of the indicator is Bollinger bands.
This indicator works on volatility change in the market.
The arrows which print above and below the candles are a pre warning of volatility change
The highlighted candles are calculated of the market average price ( this is used as an entry candle after the close)
For a buy condition arrows will print under a candle the trader must wait until there is a change of colour on the candle close. (average price becomes bullish)
For a sell condition arrows will print above a candle the trade must wait until there is a change of colour on the candle close. (average price become bearish)
Entry timeframe is the 15 minute chart higher timeframes should be check for confluence
Note:
-----
This should not be used on its own but with other indicators to complete a system
Please see our links below to use this system
Disclaimer:
As with any indicator there comes risk with prediction and no indicator can be 100% right.