by 
Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v5 · On the chart
0.35 Hedging Strategy
This strategy executes a recovery zone hedging system directly on the price chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code88
Settings4inputs
LicenceNone stated
Last update1 year ago7 Oct 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
0.35 Hedging Strategy initiates an initial position at periodic bar intervals when flat, setting a target take profit and an adverse recovery boundary. If the market moves against the position into the recovery zone, the strategy closes the trade and flips direction using an increased order size scaled by an exponential hedge factor. Subsequent hedge cycles scale down the take-profit target percentage. The strategy contains no hard stop loss, relying entirely on position flipping to exit.
- Recovery zone position reversal mechanism
- Exponential hedge factor position sizing
- Dynamic take-profit reduction per hedge cycle
- Periodic flat-state entry trigger
Details
Published by
wynnforthework on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Take Profit (%) | float | 1.5 | TP_percent |
| Recovery Zone (%) | float | 2.0 | recovery_zone_percent |
| Initial Position Size (% of equity) | float | 10 | initial_position_size |
| Hedge Factor | float | 1.2 | hedge_factor |
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.
Similar Pine Scripts
Mean Reversion Strategy is an overlay strategy that identifies pullbacks using a long-term EMA, RSI, and candlestick patterns. It generates long signals when a bullish engulfing candle forms below the EMA while RSI is oversold, and short signals when a bearish
The STRG One Bar Pursuit strategy identifies single-bar momentum reversals by monitoring shifts between bullish and bearish candlesticks starting from the year 2024. It enters a long position when a bullish candle follows a bearish candle and enters a short po
The Chained Linear Regression Reversal Strategy plots linear regression channels with upper and lower standard deviation bands directly on the price chart across a user-defined time window. When price breaks out of the static channel for a confirmed number of
This strategy draws on the price chart and combines Stochastic RSI, the Money Flow Index, and an exponential moving average to open long or short trades. Longs use the lower oscillator thresholds and shorts use the upper ones, with direction limited to longs,
This strategy generates buy and sell signals based on Bollinger Band crossovers combined with a simple moving average trend filter. It enters a long position when price crosses above the lower band while trading above the SMA filter line, and enters a short po
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers