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Pocket Pivot
Updated
Pockets Pivot were introduced by Gil Morales and Chris Katcher in the book "Trading like an O'Neil Disciple",
Pocket Pivot day occurs when the Volume has been higher than any down day 10 days prior and with a positive close.
Here is shown 5 days Pocket Pivots and 10 Days Pocket Pivots
Pocket Pivot day occurs when the Volume has been higher than any down day 10 days prior and with a positive close.
Here is shown 5 days Pocket Pivots and 10 Days Pocket Pivots
Release Notes
Pocket Pivot Indicator, Finds any day with greater volume than any downday 10/5 days prior
Release Notes
Version 4.0Addition of Relative volume.
The relative volume for any given day is shown in the last number at the top left side of the indicator window and it is in %. Sorry, I would love to post an explanatory image but my membership doesn't allow me to do that. If still in doubt please PM me
This new feature will help to find VooDoo types of setups, also based on Gil Morales teachings.
Release Notes
Now alerts can be set for 5 and 10 Day pocket pivotsRelease Notes
Changing sample chartRelease Notes
Now Pockets pivots are presented as a change in background color instead of a dot.Release Notes
Now Pockets Pivots are represented as background colour by default, but the previous version as dots can be selected in the style menu by changing colours (default colour for dots are now transparent)Release Notes
Dot version is now set as default, for background version change colours in the style menuRelease Notes
A problem occurred when the background style was changed to white, now by default both are represented, you can deactivate/activate them in the style menuRelease Notes
Volume shows now with less digits
Disclaimer
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