Scanning Multiple Markets for Pivot Crosses and Rejections
Summary
This scanner monitors multiple symbols for price interactions with pivot levels and sends alerts when price crosses a level, approaches it within a chosen distance, or bounces away from it. It supports standard floor pivots, Fibonacci pivots, Woodie pivots, and Camarilla pivots, with daily, weekly, and monthly time frames. A Bollinger Bands filter can also be enabled for alerts.
The listed controls include popup and mobile notifications, a delay between repeated alerts, symbol prefixes and suffixes, and selection of which pivot levels trigger alerts. Symbols must be available in the platform’s Market Watch when that scanning mode is used, and the document notes that missing symbols or incorrect prefix and suffix settings can cause errors. The scanner describes an alerting workflow rather than a complete trading strategy: it gives no entry management, exit rules, backtest, or evidence that pivot interactions predict profitable trades. Its alerts identify conditions for trader review, not validated trade recommendations.
Key ideas
- The scanner checks multiple symbols for pivot crosses, nearby prices, and bounce behavior.
- It supports floor, Fibonacci, Woodie, and Camarilla pivot calculations.
- Daily, weekly, and monthly pivot time frames can be selected for alerts.
- Popup and mobile alerts, repeat delays, symbol formatting, and pivot selection are configurable.
- The document provides no backtest or evidence of trading performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.