The characteristics of this indicator are:
1. Provide 3 support resistance lines
2. Provide accurate entry points
3. Can be used for any currency pair
4. Suitable for scalp stripping, wave trading, and long-term trading
Rules for doing long:
1. The pivot axis of the previous day is lower than the pivot axis of today (dashed line PP in the chart)
2. The pink, white, and gold lines in the chart must be above the pivot axis
3. The tail of a rising candlestick needs to touch the yellow line.
Set the stop loss on S1 and take profit on R1 or R2.
