Pivot Reversal Strategy is a popular in-built strategy in Tradingview Platform. Here I had attempted to convert the pinescript v5 to Amibroker AFL Code. A pivot reversal strategy is a trading approach focused on identifying key turning points, or “pivots,” in the market where a trend may reverse direction.

Here’s a concise breakdown:

**Identifying Pivots**: Traders look for specific patterns in price movements to identify pivot points. A pivot high occurs when a high point is surrounded by lower highs, suggesting a potential downtrend reversal. Conversely, a pivot low occurs when a low point is surrounded by higher lows, indicating a potential uptrend reversal.**Entry and Exit Signals**: The strategy generates buy signals when the price crosses above a pivot high and sell signals when the price crosses below a pivot low. These signals indicate potential opportunities to enter or exit positions in the market.**Parameter Adjustment**: Traders can adjust parameters such as the number of bars considered when identifying pivot points to tailor the strategy to different market conditions or trading preferences.

**Pivot Reversal Strategy – **Tradingview Pinescript Code

**Pivot Reversal Strategy –**Tradingview Pinescript Code

```
//@version=5
strategy("Pivot Reversal Strategy", overlay=true)
leftBars = input(4)
rightBars = input(2)
swh = ta.pivothigh(leftBars, rightBars)
swl = ta.pivotlow(leftBars, rightBars)
swh_cond = not na(swh)
hprice = 0.0
hprice := swh_cond ? swh : hprice[1]
le = false
le := swh_cond ? true : (le[1] and high > hprice ? false : le[1])
if (le)
strategy.entry("PivRevLE", strategy.long, comment="PivRevLE", stop=hprice + syminfo.mintick)
swl_cond = not na(swl)
lprice = 0.0
lprice := swl_cond ? swl : lprice[1]
se = false
se := swl_cond ? true : (se[1] and low < lprice ? false : se[1])
if (se)
strategy.entry("PivRevSE", strategy.short, comment="PivRevSE", stop=lprice - syminfo.mintick)
//plot(strategy.equity, title="equity", color=color.red, linewidth=2, style=plot.style_areabr)
```

**Pivot Reversal Strategy – Amibroker AFL Code**

```
//Coded by Rajandran R - Founder - Marketcalls / Creator - OpenAlgo
//Coded on 10th May 2024
//Website - www.marketcalls.in / www.openalgo.in
//Version - 1.0
//Code inspired from Tradingview Pivot Reversal Strategy (in-built strategy)
_SECTION_BEGIN("Pivot Reversal Strategy");
// Define the left and right bars for pivot calculations
leftBars = Param("Left Bars", 4, 1, 10, 1);
rightBars = Param("Right Bars", 2, 1, 10, 1);
showpivot = ParamToggle("Show Pivot","YES|NO",0);
showpivotlevels = ParamToggle("Show Pivot Levels","YES|NO",0);
// Custom functions to find pivot highs and lows
// Function to find pivot highs
function PivotHigh(leftBars, rightBars)
{
array = Null;
for (i = leftBars+rightBars; i < BarCount; i++)
{
isPivot = True;
// Check if Pivot bar is higher than the left bars
for (j = 1; j <= leftBars; j++)
{
if (High[i - j-rightBars] >= High[i-rightBars])
{
isPivot = False;
break;
}
}
// Check if Pivot bar is higher than the right bars
for (j = 1; j <= rightBars; j++)
{
if (High[i + j-rightBars] >= High[i-rightBars])
{
isPivot = False;
break;
}
}
if (isPivot) array[i] = High[i-rightBars];
}
return array;
}
// Function to find pivot lows
function PivotLow(leftBars, rightBars)
{
array = Null;
for (i = leftBars+rightBars; i < BarCount - rightBars; i++)
{
isPivot = True;
// Check if Pivot bar is lower than the left bars
for (j = 1; j <= leftBars; j++)
{
if (Low[i - j-rightBars] <= Low[i-rightBars])
{
isPivot = False;
break;
}
}
// Check if Pivot bar is lower than the right bars
for (j = 1; j <= rightBars; j++)
{
if (Low[i + j-rightBars] <= Low[i-rightBars])
{
isPivot = False;
break;
}
}
if (isPivot) array[i] = Low[i-rightBars];
}
return array;
}
// Calculate pivot highs and lows
swh = PivotHigh(leftBars, rightBars);
swl = PivotLow(leftBars, rightBars);
hprice = ValueWhen(Nz(swh)!=0,swh);
lprice = ValueWhen(Nz(swl)!=0,swl);
Buy = Cross(High,hprice);
Short = Cross(lprice,Low);
Buy = ExRem(Buy,Short);
Short = ExRem(Short,Buy);
//This Block look into the future to plot the pivot high and low bars.
//It is not part of the trading strategy. so this look into future will not impact trading strategy
if(showpivot)
{
PlotShapes(IIf(Ref(swh,2),shapeCircle,shapeNone),colorRed,0,Ref(swh,2),12);
PlotShapes(IIf(Ref(swl,2),shapeCircle,shapeNone),colorGreen,0,Ref(swh,2),-12);
}
if(showpivotlevels)
{
Plot(hprice,"hprice",colorRed,styleDashed);
Plot(lprice,"lprice",colorGreen,styleDashed);
}
_SECTION_END();
_SECTION_BEGIN("Candlestick Charts with Date & Time Axis");
//Enable the Date & Time Axis
SetChartOptions(0, chartShowArrows | chartShowDates);
//Plotting Candlestick charts
Plot(Close,"Candle",colorDefault,styleCandle);
_SECTION_END();
_SECTION_BEGIN("Trading Signals");
/* Plot Buy and Sell Signal Arrows */
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);
PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50);
PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45);
PlotShapes(IIf(Short, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);
PlotShapes(IIf(Short, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50);
PlotShapes(IIf(Short, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);
fontsize = Param("Font Size",10,10,40,1);
for( i = 0; i < BarCount; i++ )
{
if( Buy[i] ) PlotTextSetFont("PivRevLE","Arial", fontsize,i,L[i],colorWhite,colorGreen,-70);
if( short[i] ) PlotTextSetFont("PivRevSE","Arial", fontsize,i,H[i],colorWhite,colorRed,70);
}
_SECTION_END();
```

Here is the Breakdown of the Code

Here’s a breakdown of how it works:

**Setting Parameters**: Traders can adjust parameters like the number of bars to the left and right to calculate pivot points.**Calculating Pivot Highs and Lows**: The code calculates pivot highs and lows based on the specified number of bars to the left and right. A pivot high occurs when a high point is surrounded by lower highs, and a pivot low occurs when a low point is surrounded by higher lows.**Identifying Buy and Sell Signals**: Once pivot highs and lows are identified, the code looks for buy signals when the price crosses above a pivot high and sell signals when the price crosses below a pivot low.**Plotting Pivot Points**: Optionally, the code can plot pivot highs and lows on the chart for visual reference.**Displaying Candlestick Charts**: The code also displays candlestick charts with date and time axes.**Displaying Trading Signals**: Buy and sell signals are marked on the chart with arrows, and text labels indicate the points at which the signals occur.