ATR + Pivot Points / Owl of Profit

This strategy combines ATR (Average True Range) and Pivot Points for trade entries and exits. It uses dynamic stop loss and take profit levels based on ATR, and incorporates daily Pivot Points as key levels for decision-making.

Features:

Pivot Points: Calculates standard daily Pivot Points (Pivot, R1, R2, S1, S2) for support and resistance levels.
ATR Integration: Uses ATR to dynamically set stop loss and take profit levels with customizable multipliers.
Entry Conditions:
Long: Price crosses above R1.
Short: Price crosses below S1.
Exit Conditions:
Optional closing of positions when crossing the main pivot point.
Fully visualized Pivot Points for easy reference on the chart.
Customization Options:

Adjust Pivot Points calculation period.
Modify ATR length and multiplier for tailored risk management.
Enable or disable Pivot Points visualization.
This strategy is designed for demonstration and educational purposes. Use it as a foundation for further backtesting and customization.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!