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
Strategy · Pine Script v5 · On the chart
ADX Trend Filter
This strategy enters long when a series labeled ADX is above a threshold and RSI is below 40, and enters short when that series is above the threshold and RSI is above 60.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code23
Settings4inputs
LicenceNone stated
Last update6 days ago22 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 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
Both series are calculated with the RSI function, so the trend filter is not a true ADX. It sizes positions at 10 percent of equity and places a strategy exit using the stop input as a tick loss, with no take-profit rule. Thresholds, lengths, and the stop value are user inputs. It draws on the price chart.
- RSI-based trend-strength threshold
- Oversold long and overbought short entries
- Ten percent of equity position size
- Tick stop without a take profit
- Closes longs before opening shorts
Details
Published by
latentwill on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ADX Length | int | 14 | adx_len |
| ADX Threshold | int | 25 | adx_thresh |
| RSI Length | int | 14 | rsi_len |
| Stop % | float | 2.0 | stop_pct |
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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