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Bias Pivot Point

A simple indicator that uses Pivot Points as a filter and to generate a Directional Bias.


How to use this indicator?
1. Directional Bias
  • Bullish => Closing Price > Pivot Point
  • Bearish => Closing Price < Pivot Point


2. Support / Resistance
Each Pivot Points can be used as Support or Resistance

3. Take Profit Targets
Each Pivot Points can be used as targets for taking profit

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