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Old 05-25-2010, 03:01 PM   #1

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Looking for Pivot Bar Reversal.

My Easylanguage skills zero...
Description:
Looking for pivot bar reversal.
1. Plot paint bars that close at the high or
the low of the bar minimum is 2 in a row closed at their high or low.
(maybe this could be a user input to select how many ars must close in a row to begin)
(choose up color and choose down color)

2. Paint bar that makes a higher high and
closes lower than previouse bar and the
opposite for other direction.
(choose color for that bar)

3. place a buy or sell dot on the bar
if it closes less than the high of the previous
bar for a sell showme and
low of the previous bar for a buy show me
---------------------------------------
Indicator that will count previous show me plots
and count 3 back (pivots described above) and look for let's say the first
one ploted is P1, the second
is P2 and the 3rd is P3. If this condition is met
P3 is less than P1 sell for a short or place a bigger
show me above the bar.
and for a long if P3 is higher or greater than P1 go long
or place a bigger Show me below that bar.

Example to follow
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reversal bars, turning points

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