Pivot Points - S/R Trading

// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0
// © TradingTools

//@version=5
strategy("Pivot Points - S/R Trading", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100)

// ─── Inputs ───
pivotType       = input.string("Traditional", "Pivot Type", options=["Traditional", "Fibonacci", "Camarilla"], group="Pivot Settings")
pivotTF         = input.timeframe("D", "Pivot Timeframe", group="Pivot Settings")
entryMode       = input.string("Bounce", "Entry Mode", options=["Bounce", "Breakout"], group="Entry")
bounceBuffer    = input.float(0.15, "Bounce Buffer (%)", step=0.05, group="Entry")
atrLength       = input.int(14, "ATR Length", group="Risk Management")
atrMult         = input.float(1.5, "ATR Multiplier for SL", step=0.1, group="Risk Management")
rrRatio         = input.float(2.0, "Risk:Reward Ratio", step=0.1, group="Risk Management")

// ─── Previous Period Data ───
prevHigh  = request.security(syminfo.tickerid, pivotTF, high[1], barmerge.gaps_off, barmerge.lookahead_on)
prevLow   = request.security(syminfo.tickerid, pivotTF, low[1], barmerge.gaps_off, barmerge.lookahead_on)
prevClose = request.security(syminfo.tickerid, pivotTF, close[1], barmerge.gaps_off, barmerge.lookahead_on)

// ─── Pivot Calculation ───
pp = (prevHigh + prevLow + prevClose) / 3

var float s1 = na, var float s2 = na, var float s3 = na
var float r1 = na, var float r2 = na, var float r3 = na

if pivotType == "Traditional"
    r1 := 2 * pp - prevLow
    s1 := 2 * pp - prevHigh
    r2 := pp + (prevHigh - prevLow)
    s2 := pp - (prevHigh - prevLow)
    r3 := prevHigh + 2 * (pp - prevLow)
    s3 := prevLow - 2 * (prevHigh - pp)
else if pivotType == "Fibonacci"
    r1 := pp + 0.382 * (prevHigh - prevLow)
    s1 := pp - 0.382 * (prevHigh - prevLow)
    r2 := pp + 0.618 * (prevHigh - prevLow)
    s2 := pp - 0.618 * (prevHigh - prevLow)
    r3 := pp + 1.000 * (prevHigh - prevLow)
    s3 := pp - 1.000 * (prevHigh - prevLow)
else // Camarilla
    r1 := prevClose + (prevHigh - prevLow) * 1.1 / 12
    s1 := prevClose - (prevHigh - prevLow) * 1.1 / 12
    r2 := prevClose + (prevHigh - prevLow) * 1.1 / 6
    s2 := prevClose - (prevHigh - prevLow) * 1.1 / 6
    r3 := prevClose + (prevHigh - prevLow) * 1.1 / 4
    s3 := prevClose - (prevHigh - prevLow) * 1.1 / 4

// ─── ATR ───
atrVal = ta.atr(atrLength)

// ─── Bounce Entries ───
buf = close * (bounceBuffer / 100)

bounceLongS1  = low <= s1 + buf and close > s1 and entryMode == "Bounce"
bounceLongS2  = low <= s2 + buf and close > s2 and entryMode == "Bounce"
bounceShortR1 = high >= r1 - buf and close < r1 and entryMode == "Bounce"
bounceShortR2 = high >= r2 - buf and close < r2 and entryMode == "Bounce"

// ─── Breakout Entries ───
breakLongR1  = ta.crossover(close, r1) and entryMode == "Breakout"
breakLongR2  = ta.crossover(close, r2) and entryMode == "Breakout"
breakShortS1 = ta.crossunder(close, s1) and entryMode == "Breakout"
breakShortS2 = ta.crossunder(close, s2) and entryMode == "Breakout"

// ─── Combined ───
longCondition  = bounceLongS1 or bounceLongS2 or breakLongR1 or breakLongR2
shortCondition = bounceShortR1 or bounceShortR2 or breakShortS1 or breakShortS2

// ─── Execute Trades ───
if longCondition and strategy.position_size == 0
    sl = close - atrVal * atrMult
    tp = close + (close - sl) * rrRatio
    strategy.entry("Pivot Long", strategy.long)
    strategy.exit("Pivot Long Exit", "Pivot Long", stop=sl, limit=tp)

if shortCondition and strategy.position_size == 0
    sl = close + atrVal * atrMult
    tp = close - (sl - close) * rrRatio
    strategy.entry("Pivot Short", strategy.short)
    strategy.exit("Pivot Short Exit", "Pivot Short", stop=sl, limit=tp)

// ─── Plotting ───
plot(pp, "Pivot", color=color.new(color.yellow, 0), linewidth=2, style=plot.style_linebr)
plot(r1, "R1", color=color.new(color.red, 30), style=plot.style_linebr)
plot(r2, "R2", color=color.new(color.red, 10), style=plot.style_linebr)
plot(r3, "R3", color=color.new(color.red, 0), linewidth=2, style=plot.style_linebr)
plot(s1, "S1", color=color.new(color.green, 30), style=plot.style_linebr)
plot(s2, "S2", color=color.new(color.green, 10), style=plot.style_linebr)
plot(s3, "S3", color=color.new(color.green, 0), linewidth=2, style=plot.style_linebr)

plotshape(longCondition, title="Pivot Long", location=location.belowbar, style=shape.circle, color=color.green, size=size.tiny)
plotshape(shortCondition, title="Pivot Short", location=location.abovebar, style=shape.circle, color=color.red, size=size.tiny)

// ─── Alerts ───
alertcondition(longCondition, title="Pivot Long", message="Pivot Points: Long entry at support")
alertcondition(shortCondition, title="Pivot Short", message="Pivot Points: Short entry at resistance")