I created the "Pivot Extremes Breakout" (PEB) indicator to easily spot breakout zones using pivot points. This tool comes from my need to anticipate market direction and capitalize on breakouts. PEB uses the last two pivot points to predict price paths and highlights potential breakout areas, adjusting for any timeframe. It simplifies seeing where the market might move next with color-coded lines and zones, aiming to improve your trading decisions.
הערות שחרור:
Added a "Show/Hide Pivots" toggle to the "Pivot Extremes Breakout" indicator settings, allowing users to choose whether to display pivot points on the chart for a cleaner view and focused analysis.
הערות שחרור:
Optimized Extrapolation Method: Updated the extrapolation function for pivot points, providing clearer insights into potential breakout zones.