Pivot Reversal Signals from Confirmed Highs and Lows
Summary
This indicator identifies local highs and lows using price bars on each side of a candidate turning point. After the specified right-side bars have elapsed, it marks the pivot level and treats that level as the current boundary. A move above the latest pivot high produces a buy signal, while a move below the latest pivot low produces a sell signal. The example uses an average true range measure to position chart arrows and prevents consecutive signals in the same direction through a last-signal state.
The page says signals are generated during candle formation, so the displayed signal may change before the candle closes. Pivot levels also depend on right-side bars, which means a turning point is only identifiable after those bars have formed. The document provides indicator rules and example settings, but no historical performance, trading costs, or risk controls. Its privacy notice and promotional site text do not add trading guidance.
Key ideas
- A pivot high or low is identified using surrounding price bars and marked after the right-side bars have elapsed.
- A break above the latest pivot high signals a buy, and a break below the latest pivot low signals a sell.
- The signal state prevents repeated same-direction entries until an opposite signal occurs.
- Signals formed before a candle closes may change, and the page offers no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.