Asia-Session Gold Reversals from Pivot Liquidity Sweeps

Summary

This strategy seeks short-term reversals in gold during a configurable New York-time Asia session. It tracks the latest confirmed pivot highs and lows; a long setup occurs when price wicks below a pivot low but closes back above it, while a short setup reverses that logic at a pivot high. RSI thresholds screen entries to avoid chasing extended moves.

Stops and profit targets are set as multiples of ATR from the average entry price, and an optional bar-count exit limits holding time. The script allows session filtering to be disabled and plots the latest pivot levels. The document provides strategy rules and code, but no performance results or validation. Pivot confirmation introduces delay, and the described setup alone does not establish that sweeps predict reversals; trading costs, execution, position sizing, and parameter sensitivity also require evaluation.

Key ideas

• The strategy treats recent confirmed pivot highs and lows as liquidity reference levels.
• A sweep must breach a pivot intrabar and close back across it to qualify as a reversal setup.
• RSI thresholds filter long and short entries, and the strategy avoids adding to an open position.
• ATR multiples define stop and target distances, with an optional maximum holding period.
• The document supplies no empirical evidence that the rules are profitable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.