JOINT PURCHASES THREE LINE BREAK PIVOT CONFLUENCE

THREE LINE BREAK PIVOT CONFLUENCE

The program looks for turning points as they occur on a line break chart. Each newly discovered level is compared with levels already stored in an array. If the new level is close enough to an existing level, the two levels are combined. The number of times that each line is combined is also stored in the array. If the new level is not close to an existing level the new level is stored in the array. If the number of times that a line has been combined exceeds a user input value, the line is extended to the right.

The program works with versions 8.7 and above, including TradeStation version 9.1.

The following chart shows the indicator applied to and @ES chart.



Unlike some of the other pivot confluence programs I have created two options for the display of line thickness (the thicker the line represents how many lines have been combined). The following chart shows the option where lines are actually made thicker. The number represents the number of level lines that have been combined (I crested the magnifier effect in an image editing program):



If the ChangeThickness input is set to FALSE, the lines do not get thicker – but they do display a number which represents their thickness.



Video Demonstration Of Three Line Break Pivot Confluence Show-Me Study