Help! Pivot Reversal

• 01/18/2020 at 2:24 PM #117164
  MonopolyTm

  Hello,

   

  I’ve been using Nicolas code below for my own manual trading, would love to be able to backtest it but can’t figure out how to code it at as an automated system, 100 % in the market and changing long / short when the indicator changes direction. Could anyone help a fellow out?

   

  Pivot Reversal Strat

  //PRC_Pivot Reversal Strategy | indicator //14.02.2019 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- settings leftp = 4 rightp = 2 // --- end of settings period=max(leftp,rightp) hh = highest[period](high) ll = lowest[period](low) if hh<>hh[1] then hhbar=barindex hhprice=high endif if ll<>ll[1] then llbar=barindex llprice=low endif if barindex-hhbar=rightp then drawtext("•",hhbar,hhprice) coloured(168,168,168) top=hhprice endif if barindex-llbar=rightp then drawtext("•",llbar,llprice) coloured(168,168,168) bottom=llprice endif atr=averagetruerange[14] if high crosses over top and lastsig<=0 then drawarrowup(barindex,low-atr/2) coloured(30,144,255) lastsig=1 endif if low crosses under bottom and lastsig>=0 then drawarrowdown(barindex,high+atr/2) coloured(255,48,48) lastsig=-1 endif RETURN

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  //PRC_Pivot Reversal Strategy | indicator //14.02.2019 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge   // --- settings leftp = 4 rightp = 2 // --- end of settings   period=max(leftp,rightp) hh = highest[period](high) ll = lowest[period](low)   if hh<>hh[1] then hhbar=barindex hhprice=high endif if ll<>ll[1] then llbar=barindex llprice=low endif   if barindex-hhbar=rightp then drawtext("•",hhbar,hhprice) coloured(168,168,168) top=hhprice endif if barindex-llbar=rightp then drawtext("•",llbar,llprice) coloured(168,168,168) bottom=llprice endif   atr=averagetruerange[14] if high crosses over top and lastsig<=0 then drawarrowup(barindex,low-atr/2) coloured(30,144,255) lastsig=1 endif if low crosses under bottom and lastsig>=0 then drawarrowdown(barindex,high+atr/2) coloured(255,48,48) lastsig=-1 endif   RETURN

   

  

  MonopolyTm

  Participant

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  01/20/2020 at 9:01 AM #117295
  Nicolas

  You can try this below code (not tested). The strategy will open/close orders when a new pivot is detected, it is always on market.

  //PRC_Pivot Reversal Strategy | indicator //14.02.2019 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- settings leftp = 4 rightp = 2 // --- end of settings period=max(leftp,rightp) hh = highest[period](high) ll = lowest[period](low) if hh<>hh[1] then hhbar=barindex hhprice=high endif if ll<>ll[1] then llbar=barindex llprice=low endif if barindex-hhbar=rightp then //drawtext("•",hhbar,hhprice) coloured(168,168,168) top=hhprice endif if barindex-llbar=rightp then //drawtext("•",llbar,llprice) coloured(168,168,168) bottom=llprice endif //atr=averagetruerange[14] if high crosses over top and lastsig<=0 then //drawarrowup(barindex,low-atr/2) coloured(30,144,255) lastsig=1 buy at market endif if low crosses under bottom and lastsig>=0 then //drawarrowdown(barindex,high+atr/2) coloured(255,48,48) lastsig=-1 sellshort at market endif

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  //PRC_Pivot Reversal Strategy | indicator //14.02.2019 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge   // --- settings leftp = 4 rightp = 2 // --- end of settings   period=max(leftp,rightp) hh = highest[period](high) ll = lowest[period](low)   if hh<>hh[1] then hhbar=barindex hhprice=high endif if ll<>ll[1] then llbar=barindex llprice=low endif   if barindex-hhbar=rightp then //drawtext("•",hhbar,hhprice) coloured(168,168,168) top=hhprice endif if barindex-llbar=rightp then //drawtext("•",llbar,llprice) coloured(168,168,168) bottom=llprice endif   //atr=averagetruerange[14] if high crosses over top and lastsig<=0 then //drawarrowup(barindex,low-atr/2) coloured(30,144,255) lastsig=1 buy at market endif if low crosses under bottom and lastsig>=0 then //drawarrowdown(barindex,high+atr/2) coloured(255,48,48) lastsig=-1 sellshort at market endif

   

  

  Nicolas

  Keymaster

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