Pivot Reversal with ATR Strategy

The "Pivot Reversal with ATR Stop" is a trend reversal strategy utilizing proprietary indicators within the TradingView trading platform. This system integrates the Pivot Reversal technique with an ATR Stop filter aligned with the prevailing trend direction.

Find script in: In the TradingView-indicator-custom script, write: Pivot ATR Reversal with ATR.

Setup Strategy 

Time frame: 5 min or higher, Currency pairs: any.

Pivot Reversal Strategy consists of two indicators: Pivot Reversal and ATR stop with the following basic parameters: (5, 2,  NATR Period 5, NATR Multiplier 3.5).

Time Frame 5 minutes: (5, 2,  NATR Period 10, NATR Multiplier 3.5).

Time Frame 15 minutes: (5, 2,  NATR Period 10, NATR Multiplier 3).

Time Frame 30 minutes: (5, 2,  NATR Period 10, NATR Multiplier 3).

Time Frame 60-120-240 minutes: (5, 2,  NATR Period 7, NATR Multiplier 2.8).

Trading Rules

Buy

Pivot Reversal buy arrow.

ATR reversal line green below the candles.

Sell

Pivot Reversal sell arrow.

ATR reversal line red above the candles.

Exit position options:

Place initial stop loss below/above the ATR line.

Profit Target ratio stop loss 1:1.2 

Exit when the atr changes direction.