Indicator · Pine Script v5 · On the chart

Path C — Pivot-Point Bounce (Demo)

by plutothedev

Calculates daily classical pivot points from the previous day's high, low, and close to identify intraday reversal setups within a defined trading session.

View on GitHub

GitHub stars5on the repository
Pine versionv5runs as is
Lines of code80
Settings8inputs
LicenceCustom licence
Last update5 months ago22 May 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Long signals fire when price comes within a configurable tick proximity to S1 and prints a bullish reclaim bar closing above it. Short signals occur when price touches within proximity of R1 and closes bearishly below it. It limits execution to one signal per side per day and plots pivot levels alongside entry markers directly on the price chart.

Details

Published by

plutothedev on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Support & resistance, Mean reversion, Sessions & time

Markets

Indices

Timeframes

M15-H1

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Topics

ai-tradingalgorithmic-tradingclaudefuturespinescriptquanttradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Proximity to pivot (ticks)int8proximity_ticks
Tick size (NQ = 0.25)float0.25tick_size
RTH Sessionsession0930-1600session_str
TimezonestringAmerica/New_Yorksession_tz
Stop (ticks)int50risk_ticks
Target (R multiple)float2.0target_R
Show pivot levelsbooltrueshow_pivots
Show entry markersbooltrueshow_signals
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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