Pivot Reversal Strategy - FIGS & DATES 2.0
Oct 30, 2019
The Pivot Reversal Strategy - FIGS & DATES 2.0 tool provides a systematic approach to trading pivot point reversals by identifying key structural highs and lows to trigger long and short entries.
Usage
The strategy is designed to capture trend reversals based on established pivot points. Traders can use this tool to automate backtesting and execution based on price action breaking above a recent pivot high or below a recent pivot low.
- Long Entry: Triggered when the price breaks above a recent pivot high (determined by the Left and Right Bars settings).
- Short Entry: Triggered when the price breaks below a recent pivot low.
- Backtesting Range: The script includes a date filter to limit execution to specific market regimes or time periods, allowing for more granular performance analysis.
Details
The strategy utilizes the ta.pivothigh and ta.pivotlow functions to detect structural turning points. It requires a specific number of bars to the left and right of a candle to confirm it as a pivot. Once a pivot is identified, the script sets a stop order at that level. By default, the strategy is configured with realistic trading parameters, including a 0.075% commission rate and 100% equity allocation to simulate a full-position trend-following approach.
Settings
Pivot Settings
- Left Bars: The number of bars required to the left of a candle to identify a potential pivot.
- Right Bars: The number of bars required to the right of a candle to confirm a pivot.
Backtesting Date Range
- From Day/Month/Year: Sets the starting date for the strategy backtest.
- To Day/Month/Year: Sets the ending date for the strategy backtest.
FAQ
How do I access Pivot Reversal Strategy - FIGS & DATES 2.0?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
What do the Left and Right Bars settings do?
These settings define the strength and confirmation of a pivot point. Higher values result in more significant but lagging pivots, while lower values identify more frequent, short-term reversals.
Can I use this for live trading?
Yes, the script includes optimized alert triggers for both long and short entries, which can be connected to external execution bridges or used for manual trade notifications.
Trading & investing are risky and many will lose money in connection with trading and investing activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
As a provider of technical analysis tools and strategies, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole based on any content, tool, or platform feature we provide.
Charts used on this site are by TradingView in which the majority of our technical indicators are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com TradingView® has no affiliation with the owner, developer, or provider of the Services described herein.
Market data is provided by CBOE, CME Group, BarChart, Massive, CoinAPI. Select U.S. equities data is provided through Massive. CBOE BZX real-time U.S. equities data is licensed from CBOE and provided through BarChart. Real-time futures data is licensed from CME Group and provided through BarChart. Select cryptocurrency data, including major coins, is provided through CoinAPI. All data is provided “as is” and should be verified independently for trading purposes.
This does not represent our full Disclaimer. Please read our full disclaimer.
© 2026 LuxAlgo Global, LLC.