Signal library Β· Breakouts
Loss of the daily pivot
Price crosses below yesterday's central pivot (P) after trading above it.
- What it is for
- Losing the pivot shifts the intraday bias down.
- Rule
- Sell short on 15m bars when close crosses below pv p. Stop: 1.5 Γ ATR(14) from the entry. Target: 1.5 Γ the risk (stop distance). Exit after 20 bars at the latest.
- Side
- βΌ Short (sell / exit)
- Timeframes
- 15m
- Runs on
- Your watchlist, your holdings and the market scanner
Out of sample Β· after fees and slippage
Verified record
| Market | Timeframe | Status | Trades | Expectancy / trade | Hit rate | Max drawdown |
|---|---|---|---|---|---|---|
| United States | 15m | information only | β | β | β | β |
| India | 15m | information only | β | β | β | β |
| United Kingdom | 15m | information only | β | β | β | β |
| Europe | 15m | information only | β | β | β | β |
Backtested on past data after estimated fees and slippage, out of sample. Past results do not predict future results. Signals are market information, not advice.
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