BuyHighSellLow - Pivot points

Another version of buy-high sell-low strategy. This time using pivot points.

Strategy is simple:

Buy when price closes above R1 of pivot point level
Sell when price closes below S2 of pivot point level.

Use Resolution parameter to define pivot points. Higher the resolution, longer the trade time will be. If resolution is set to same as symbol, strategy will consider Higher Timeframe Multiplier to derive pivot point resolution.

Uncheck HideBands to see bands created from pivot points.

Another Buy-High Sell-Low strategy published is using donchian channel (Link below)

Release Notes

Correct lookahead bias warning by calc_on_order_fills = true

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.