Pivot Reversal Strategy + RSI — Indicator by KryptoNight

relativestrengthindex trendanalysis pivotpoints pivot reversal strategy

Pivot Reversal Strategy + RSI

A modified version of the standard PRS with an RSI overbought/oversold filter

Comment/uncomment "Study/Strategy" to easily switch to strategy() mode
As long as it is used in the study() version, the indicator is compatible with the Risk Management Wrapper

Separate Alerts for Buy & Sell signals
Single Alert for both Buy & Sell signals - it can also be used by another indicator as a source

Release Notes:

Fixed some bad code.
The study() now shows exactly when the Strategy Tester executes the orders.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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