Pivot Boss -- Squat bars and Non Squat Bars 2.0

1 ก.ค. 2021

Squat Bar Signal -- current Volume is greater than previous volume but Current bar MFI(Market Facilitation index) is lesser than previous bar MFI
Other Conditions -- Current Bars Range is lesser than (Average Range * Range Multiplier)

Non Squat Bar Buy Signal(Green Up Triangle) -- Volume and MFI is greater than previous bar, Close greater than open, Close is greater than midpoint

Non Squat Bar Sell Signal(Red Down Triangle) -- Volume and MFI is greater than previous bar, Close lesser than open, Close is lesser than midpoint


Usually Squat signal is confirmed by Non Squat Bar Signal..


Other indicator used -- PEMA -- Pivot based EMA


For Better results use it along with Advanced Volume indicator and PEMA