Skyold wrote:LeMercenaire wrote:Excellent. That makes sense. Thank you.
It's weird, I had gone on and edited my post with an additional point and somehow that edit was not posted.
For the record, what I had said seems to hark to your explanation: I had asked if - using the Second shown bar (red) closes, do you then trade back towards the little yellow dot, using the last shown bar (green)?
I had not realised that the pivots you were keying off of were dynamic on the last bar.
It does seem more than a little interesting.
With the opening of the new candle (green) the little yellow dot appears. That's the PP.
And then trade in the direction of the PP.
Of course, such large difference, from opening to PP, only appear when the previous day candle has made a big movement (red candle).
I like the simplicity. Thanks for sharing Skyold.Are you using the HL5 indicator to plot the PP dots?