Mean Reversion Study is an indicator that identifies trade setups combining exponential moving averages, RSI extremes, and engulfing candlestick patterns. It highlights bullish setups when a bullish engulfing candle forms below the EMA while RSI is oversold, a
Indicator · Pine Script v5 · On the chart
30 min Pivot
30 min Pivot is an overlay indicator that plots an exponential moving average (EMA) calculated from a specified timeframe (default 30 minutes) and flags specific multi-bar candle setups.
GitHub stars41on the repository
Pine versionv5runs as is
Lines of code19
Settings3inputs
LicenceNone stated
Last update2 days ago26 Oct 2026
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 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
30 min Pivot checks the relative distance between price and the higher-timeframe EMA alongside sequential candlestick logic. When the conditions are satisfied specifically on a 30-minute chart, a blue cross marker is plotted above the bar. Users can adjust the EMA length, price source, and requested timeframe.
- Plots higher-timeframe exponential moving average overlay
- Detects multi-bar candlestick pattern conditions on 30-minute charts
- Measures price proximity relative to the calculated EMA
- Triggers alert conditions when signals occur
Details
Published by
ChartsLector on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Candlestick patterns
Markets
Any symbol
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | len |
| Source | source | close | src |
| Timeframe | timeframe | 30 | tf |
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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