Pivot High/Low Analysis & Forecast
By LuxAlgoJul 26, 2021
Pivot High/Low Analysis & Forecast puts numbers on market swings. Every confirmed pivot high and low is measured for Δ%, the percentage change from the previous pivot, and Δt, the bars elapsed since the last pivot of the same type, with a dashboard tracking the trailing mean of each metric. From those means it projects the time position of upcoming pivots, drawing vertical dashed lines where the next high or low is statistically due.
How to Trade the Pivot High/Low Analysis & Forecast?
- Δ% against its mean: swings larger than the trailing average stand out as significant; smaller ones can be filtered as noise.
- Δt readings: the spacing between same-type pivots reveals how regular the market's swing cadence is.
- Forecast lines: watch behavior as a dashed projection approaches: a pivot forming on schedule, as in the original release's example, validates the cadence read.
- Dashboard means: typical swing size and spacing summarized at a glance for the symbol and timeframe at hand.
The projection itself is transparent: the most recent pivot high's position plus the average distance between pivot highs, and likewise for lows. It reads swing structure descriptively, an analysis and planning layer rather than an execution signal.
Pivot High/Low Analysis & Forecast Settings
- Length: window size for pivot detection; larger values qualify only broader swings.
- Show Forecasted Pivots: toggles the dashed projection lines.
- Dashboard options set its location, size, and text/frame colors.
Frequently Asked Questions
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