3 bar pivot stop

A

andrasnm

what does this mean? and I quote
"3-bar as a pivot stop..."

I guess 3-bar is a same as 3-day....

I wish tech analyst would write in English...
 
It might be last three bars( or any other consecutive three bars ) pivot as a stop. (H + L + C ( range + close ) of last threee bars ) divided by 3 = 3 bar pivot.
Walter
 
Quote from andrasnm:

what does this mean? and I quote
"3-bar as a pivot stop..."

I guess 3-bar is a same as 3-day....

I wish tech analyst would write in English...
More...

example:

bar 1: low $1 , high $1.10
bar 2: low $1.20, high $1.40
bar 3: low $1.10, high $1.20

basically it signals a pullback or end to an existing trend, people often use a break of the previous low to enter a counter trade or exit the previous trend trade.
 
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