Here is a concise description you can use for your TradingView indicator’s description:
“Pullbacks are temporary reversals in the price direction, occurring within a larger trend. This indicator is designed to detect pullbacks during both uptrends and downtrends, filtering out weaker signals through a combination of moving averages, ATR, and MACD. By identifying key pullback moments in trending markets, it helps traders spot potential opportunities for entering positions after the market takes a brief pause before resuming its primary direction.”
Feel free to adjust it based on your specific needs!