Pivot Reversal Entries with TradingView Alert Routing

Summary

This document describes a pivot reversal strategy with alerts intended to route signals from a charting platform to a broker’s trading terminal. It identifies swing highs and lows using configurable left- and right-bar counts, then maintains the latest pivot level. After a pivot is detected, the strategy places a stop entry just beyond that level: above a swing high for a long and below a swing low for a short. Alerts are emitted at bar close when the corresponding entry logic is active.

The post focuses on alert forwarding and execution plumbing rather than evaluating the trading method. It describes a connector forwarding alerts to a broker terminal and says execution may occur shortly after an alert, but provides no measured latency or strategy performance evidence. It also gives no exit, stop-loss, or take-profit rules in this script. Pivot confirmation depends on subsequent bars, and the document advises selecting instruments and timeframes through independent research; profitability is not established.

Key ideas

• The strategy identifies swing pivots using configurable left- and right-bar lookbacks.
• It places long stop entries above confirmed pivot highs and short stop entries below pivot lows.
• Alerts are generated at bar close for routing through an external connector to a broker terminal.
• The script contains no position exit, stop-loss, or take-profit logic.
• The document provides no backtest evidence or measured execution results.

Tags

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