Asia Session Gold Scalping with Pivot Liquidity Sweeps

Summary

This strategy seeks short-term reversals in gold during a configurable Asia session. It tracks the latest confirmed pivot high and low, then treats a wick through one of those levels followed by a close back inside as a liquidity sweep. A sweep below a pivot low can trigger a long, while a sweep above a pivot high can trigger a short. RSI thresholds filter entries, and the strategy allows only one open position.

Stops and profit targets are set as multiples of ATR, with an optional exit after a maximum holding period. The script plots the pivot references and highlights the session, and it can be evaluated in TradingView’s strategy tester. The document gives the rules and parameter defaults but reports no test results or evidence of profitability. Outcomes may depend on instrument, timeframe, session settings, execution assumptions, and the behavior of pivot confirmation.

Key ideas

• A sweep occurs when price crosses a recent pivot level intrabar and closes back beyond it.
• The strategy enters long after a downside sweep and short after an upside sweep, subject to RSI filters.
• Trades are limited to the configured session when the session filter is enabled.
• ATR multiples define stop and target levels, and an optional bar-count rule closes lingering positions.
• The source supplies no performance results, so the rules need evaluation under realistic costs and execution assumptions.

Tags

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