Pivot Reversal Signals with ATR Exhaustion and Volume Spikes

Summary

This TradingView strategy looks for possible reversals near recent pivot support and resistance. It combines pivot levels with an ATR distance test, a volume spike relative to a moving average, and a simple candle direction or prior-bar break as the price trigger. Long entries are considered near a pivot low and shorts near a pivot high, with a stop placed at the relevant pivot or current bar extreme and a take-profit target set using a risk-to-reward multiple. Position quantity is calculated from a specified fraction of strategy equity and the distance to the stop.

The document supplies Pine Script logic and configurable parameters, but no backtest results or market-specific evaluation. The accompanying description is cut off, so it provides little additional evidence. Pivot confirmation uses bars to the right, which means a pivot is only identified after subsequent bars have formed; the rules also do not establish that a reversal is likely or account for transaction costs, slippage, or execution constraints. The approach should therefore be treated as a testable signal template rather than demonstrated evidence of profitability.

Key ideas

• The strategy seeks long signals near the last pivot low and short signals near the last pivot high.
• An ATR-based distance condition and above-average volume are required alongside a directional price trigger.
• Stops are placed using the pivot or current bar extreme, and targets use a configurable risk-to-reward ratio.
• Position quantity is derived from a chosen equity risk fraction and the stop distance.
• The document provides no reported backtest results or evidence of performance.

Tags

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