5 min Buy and Sell filtered by Pivot Trend Indicator

The 5-minute Buy and Sell strategy employs a dynamic filtering mechanism using the Pivot Trend Indicator alongside the Supertrend. This strategy enhances trade signals by aligning both filters, thus heightening their effectiveness.

5 min Buy and Sell filtered by Pivot Trend Indicator

Strategy Setup:

The strategy is tailored for a 5-minute timeframe but can be adapted to 15 or 30-minute intervals.

Tradable assets include cryptocurrencies (Bitcoin, Litecoin, Ethereum), major currency pairs (GBP/USD, GBP/JPY, AUD/USD, NZD/USD, AUD/JPY, etc.), and select stocks.

Key indicators on TradingView:

Pivot Point Supertrend with parameters set to 2-3-10.

Range Filter Buy and Sell 5-minute Strategy with default settings.

Search for indicators in TradingView > Indicators > Community Scripts > write in search (indicators name). 

Trading Rules:

Trades are initiated only when both indicators are in alignment, ensuring a high-quality entry point.

Buying Signals:

Confirmation is sought from the Pivot Supertrend buy arrow alongside the range filter buy arrow.

Selling Signals:

Confluence is observed between the Pivot Supertrend sell arrow and the range filter sell arrow.

5 min Buy and Sell filtered by Pivot Trend Indicator

5 min Buy and Sell filtered by Pivot Trend Indicator

Exiting Positions:

Exit trades when the opposite arrow appears or when there's a change in the Pivot SuperTrend's direction.

Implement initial stop-loss placement above or below the Pivot Supertrend line.

Optionally, set predetermined profit targets related to the asset pair, focusing on fast profit accumulation.

Benefits of the Strategy:

Integration of dynamic filtering techniques enhances trade precision and effectiveness.

Versatile application across various financial instruments and timeframes facilitates adaptability to market conditions.

Streamlined trading rules simplify decision-making processes, aiding traders in executing trades with confidence.

Trade Examples:

Example Buy Trade:

Both indicators signal a buy opportunity.

Entry occurs at the confirmation of a Pivot Supertrend buy arrow and a range filter buy arrow.

Trade is exited either at the appearance of a sell arrow or when the Pivot SuperTrend changes its direction.

Example Sell Trade:

Consensus between the Pivot Supertrend sell arrow and the range filter sell arrow confirms a selling opportunity.

A short position is initiated following the alignment of both indicators.

Exit from the trade is triggered by the appearance of a buy arrow or when the Pivot SuperTrend undergoes a reversal.

5 min Buy and Sell filtered by Pivot Trend Indicator

5 min Buy and Sell filtered by Pivot Trend Indicator

5 min Buy and Sell filtered by Pivot Trend Indicator

5 min Buy and Sell filtered by Pivot Trend Indicator

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https://drive.google.com/drive/folders/1hN2fBVBHH2iScCpY-Rz-Arn2vMvVmHBp?usp=sharing

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https://drive.google.com/drive/folders/1hN2fBVBHH2iScCpY-Rz-Arn2vMvVmHBp?usp=sharing

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