Pivot Breakouts with Optional RSI, VWAP, Volume, and ATR Filters

Summary

This TradingView strategy enters long when price crosses above the latest pivot high and short when it crosses below the latest pivot low. Pivot levels use configurable left and right bar counts, and the script tracks the most recently confirmed high and low. Its filters are optional and default to off, so the basic mode relies on pivot crossovers alone.

When enabled, the filters require volume above a multiple of its 20-bar average, a price move from the current bar’s open beyond a threshold, a 3-period RSI on the matching side of 50, and price on the matching side of VWAP. Exits use a 14-period ATR to set take-profit and stop-loss levels; opposite breakout signals close the existing position. The description recommends a 1-second chart, but supplies no backtest results or evidence that the settings are profitable. Results may depend on market, timeframe, data quality, and execution, so the suggested parameters should be evaluated before use.

Key ideas

• The strategy triggers entries when price crosses the latest confirmed pivot high or low.
• Volume, open-to-close momentum, RSI, and VWAP filters can be enabled together, but are off by default.
• A 14-period ATR sets the stop-loss and take-profit distances from the signal close.
• The author describes the indicator for 1-second charts, but provides no performance evidence.

Tags

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