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 v6 · On the chart
AAPL Best Position
A long-only strategy that accumulates a fixed quantity by buying near the lower edge of a smoothed channel.
GitHub stars1on the repository
Pine versionv6current
Lines of code73
Settings1inputs
LicenceNone stated
Last update1 year ago9 Jun 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
The channel is an EMA of the highest high and lowest low over an adjustable range. A buy fires when price touches the lower line while RSI is rising out of an oversold reading, and at most one buy is placed per day. Sell points are only marked on the chart as circles. It has no stop loss and allows a very large number of stacked entries.
- Smoothed highest and lowest channel
- RSI oversold turn as buy trigger
- One buy per day, fixed quantity
- Sell points marked only, no exit orders
Details
Published by
theteelek on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion
Markets
Stocks
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- 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 |
|---|---|---|---|
| Range | int | 70 | HIGH_LOW_RANGE |
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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