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
3hr Stoch
3hr Stoch is a short-only trading strategy based on a smoothed Stochastic Oscillator.
GitHub stars24on the repository
Pine versionv5runs as is
Lines of code42
Settings8inputs
LicenceMPL-2.0
Last update4 years ago5 Oct 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
42 lines of Pine Script v5 from 3hr Stoch Shorts Strategy.pine, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
//
// Author: benso87
// benso87.com
//
//
strategy("3hr Stoch", overlay=true, initial_capital=1000, default_qty_value=10, default_qty_type=strategy.percent_of_equity,process_orders_on_close=true)
///////////////////////////////////////////////////////////////////////////////
// Inputs
// Dates
startDate = input.time (timestamp('1 Jan 2022 00:00'), title='Start', group='Dates')
endDate = input.time (timestamp('1 Jan 2100 00:00'), title='End', group='Dates')
// Stoch
src = input(close, title='Source', group='Stochastic')
periodK = input.int(14, title='K', minval=1, group='Stochastic')
periodD = input.int(3, title='D', minval=1, group='Stochastic')
smoothK = input.int(6, title='Smooth K', minval=1, group='Stochastic')
obLevel = input(80, title='Overbought Level', group='Stochastic')
osLevel = input(20, title='Oversold Level', group='Stochastic')
///////////////////////////////////////////////////////////////////////////////
// Calculations
k = ta.sma(ta.stoch(src, high, low, periodK), smoothK)
d = ta.sma(k, periodD)
crossUp = ta.crossover(k,d)
///////////////////////////////////////////////////////////////////////////////
// Strategy
// Short when K falls below D and below the overbought zone
shortSignal = k < obLevel and k < d and k[1] >= obLevel and time >= startDate and time <= endDate
// Exit when K falls below oversold or stoch crosses up
shortExit = crossUp or k <= osLevel
strategy.entry("SHORT", strategy.short, when=shortSignal)
strategy.close("SHORT", when=shortExit)
Overview
3hr Stoch calculates the %K and %D lines using configurable period and smoothing settings. The strategy enters a short position when the %K line crosses below the %D line while dropping beneath the designated overbought threshold within a configured date range. It exits the short position when %K crosses back above %D or reaches the oversold level. Displayed on the main price chart, the strategy relies entirely on indicator logic with no defined stop loss or take profit orders.
- Short entries on Stochastic overbought cross-down
- Configurable Stochastic %K, %D, and smoothing settings
- Exits triggered by Stochastic oversold condition or cross-up
- Backtest date range filtering
Details
Published by
benso87 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Mean reversion
Markets
Any symbol
Timeframes
M15-H1
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 |
|---|---|---|---|
| Start | time | timestamp('1 Jan 2022 00:00') | startDate |
| End | time | timestamp('1 Jan 2100 00:00') | endDate |
| Source | source | close | src |
| K | int | 14 | periodK |
| D | int | 3 | periodD |
| Smooth K | int | 6 | smoothK |
| Overbought Level | int | 80 | obLevel |
| Oversold Level | int | 20 | osLevel |
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
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 combines Bollinger Bands with a short RSI to fade moves that leave the bands and then return. A long requires the prior bar below the lower band and oversold, then a close back inside the band while RSI is between 30 and 50. Shorts mirror that at
This strategy implements Larry Connors' 2-period RSI mean-reversion algorithm overlaid on the price chart. It filters trades using a long-term Simple Moving Average (SMA), entering long positions when the price trades above the SMA and the short-term RSI drops
This strategy combines multi-timeframe RSI analysis with exponential moving average filters to execute trades on price bounces. It evaluates daily and weekly RSI levels alongside pip-distance thresholds between fast, slow, and long-term EMAs. Position entries
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers