Pivot Breakout Retracement

pivot_br

Function Name: pivot_br

Tags: Breakout

Category: Other

A high pivot bar (or a swing high) is a bar that is preceded and followed by lower highs. The Pivot Breakout study marks a bar if a new high pivot (swing high) is confirmed, a number of bars ago. A low pivot bar (or a swing low) is a bar that is preceded and followed by higher lows. The Pivot Retracement study marks a bar if a new low pivot (swing low) is confirmed, a number of bars ago.

 

Link:       http://www.investopedia.com/terms/o/oversold.asp

 

Parameters

Period

 

Default Value: 4  |  Minimum: 1  |  Maximum: 50

 

Type: Numeric

Occur

 

Default Value: 1  |  Minimum: 1  |  Maximum: 100

 

Type: Numeric

UseBreakOut

 

Default Value: -1

 

Type: Boolean

UseRetr

 

Default Value: -1

 

Type: Boolean

ShowTraderMark

 

Default Value: -1

 

Type: Boolean

ShowTraderBar

 

Default Value: 0

 

Type: Boolean