Hi,
Nicolas posted his ‘Pivot Reversal Strategy Alert’ indicator approximately one year ago (https://www.prorealcode.com/prorealtime-indicators/pivot-reversal-strategy-alerts/) and looks promising when manually backtesting. Does anyone know if this has been coded to create an automated strategy, which will also help to backtest using different parameters? Any help much appreciated.
Thanks,
Andrew
Here you are … found same as Screener here …
https://www.prorealcode.com/topic/pivot-reversal-strategy-alerts-screener/#post-100958
If you improve let us know please?
The top Image attached is using a coded Trailing Stop … less Drawdown, but less Profit also.
DEFPARAM CUMULATEORDERS = False
//PRC_Pivot Reversal Strategy | indicator
//14.02.2019
//Nicolas @ http://www.prorealcode.com
//Sharing ProRealTime knowledge
// — settings
leftp = 82//4
rightp = 20 //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]
x = 0
if high crosses over top and lastsig<=0 then
//drawarrowup(barindex,low-atr/2) coloured(30,144,255)
lastsig=1
x = 1
endif
if low crosses under bottom and lastsig>=0 then
//drawarrowdown(barindex,high+atr/2) coloured(255,48,48)
lastsig=-1
x = 2
endif
//SCREENER[x](x AS "1=↑, 2=↓")
If X =1 Then
Buy at Market
//SET STOP PLOSS A44
//SET TARGET PPROFIT A45
Endif
If X =2 Then
SellShort at Market
//SET STOP PLOSS A50
//SET TARGET PPROFIT A51
Endif