Pivot Reversal Entries with TradingView Alert Routing
Summary
This strategy uses confirmed pivot highs and lows to set potential reversal entry levels. After a pivot high is identified, it places a stop entry one minimum tick above that level for a long position; after a pivot low, it places a stop one tick below for a short position. The script adds alerts when those entry conditions are active, with messages intended to distinguish long and short signals.
The accompanying explanation describes forwarding TradingView alerts through TradingConnector to a MetaTrader account for execution and says an alert should be configured to use alert function calls. It gives no performance results or evidence that the strategy is profitable, and the author explicitly cautions that backtests do not guarantee live results. Instrument choice, timeframe, settings, order handling, and execution behavior require independent evaluation.
Key ideas
- Pivot highs and lows define stop-entry levels for prospective reversals.
- Long entries are placed just above the latest pivot high, while short entries are placed just below the latest pivot low.
- Alert calls label signals by direction for forwarding to an external trading platform.
- The document provides no performance evidence and warns that results are not guaranteed.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.