Wealth-Lab Wiki

API ChartStyles Community Components Community Indicators IndexDefinitions Knowledge Base Misc Optimizers PosSizers Providers Standard Indicators TASC Traders Tips TASCIndicators Visualizers


Quick Search
Advanced Search »

TASC 2014-11 | Price Projections / Part 5 (Vervoort)


Traders' Tip text

Exploring charting techniques this month has left us without new code. The daily pivots which are drawn by the SVEPivotsUtcRt indicator are so common that they probably exist in every trading platform. Wealth-Lab is no exception: after having downloaded all publicly available strategies (click “Download” in the “Open Strategy” dialog), look for the Strategy called “Floor Trader Pivots”. Likewise, the other techniques mentioned in the article – namely the “Step Candle Pattern” and “1-2-3 Wave Count” are also ready to be explored as downloadable strategies.


Figure 1. A Wealth-Lab 6 chart illustrating the application of the “Floor Trader Pivots” trading system on a 5-minute chart chart of TWTR (Twitter).

Wealth-Lab team

Important Disclaimer: The information provided by Wealth-Lab is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security.  The owner of Wealth-Lab.com assumes no liability resulting from the use of the material contained herein for investment purposes. By using this web site, you agree to the terms of this disclaimer and our Terms of Use.

ScrewTurn Wiki. Some of the icons created by FamFamFam.