A multi-timeframe Dollar Cost Averaging (DCA) trading strategy that combines signals from three RSI indicators, three CCI indicators, and Bollinger Bands. It places up to five weighted scale-in safety orders to lower the average entry price. The script offers
Strategy · Pine Script v4 · On the chart
Alert BB + RSI [Alorse]
Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading.
GitHub stars330on the repository
Pine versionv4older, still runs
Lines of code117
Settings25inputs
LicenceNone stated
Last update2 months ago25 Aug 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
Alert BB + RSI [Alorse] evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long positions when the RSI drops below 30 while the closing price is below the middle Bollinger Band line. Positions are closed when the RSI exceeds 70 and the price breaks above the upper band. Inputs allow adjustment of indicator lengths, standard deviation, and symbol selection. It plots on the main price chart and includes no built-in stop loss.
- Multi-symbol monitoring using security function calls
- Combined RSI and Bollinger Bands mean-reversion logic
- Automated entry and exit webhook alert formatting
- Configurable indicator lengths and standard deviation inputs
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Volatility & bands, Mean reversion
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Version | string | txtVer | version |
| Source | source | close | src |
| Length | int | 20 | length |
| StdDev | float | 2.0 | mult |
| Length | int | 14 | lenRSI |
| Symbol 1 | symbol | ADAUSDT | s01 |
| Symbol 2 | symbol | ALPHAUSDT | s02 |
| Symbol 3 | symbol | ALICEUSDT | s03 |
| Symbol 4 | symbol | ANKRUSDT | s04 |
| Symbol 5 | symbol | ARPAUSDT | s05 |
| Symbol 6 | symbol | AVAXUSDT | s06 |
| Symbol 7 | symbol | AXSUSDT | s07 |
Show all 25 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Symbol 8 | symbol | BAKEUSDT | s08 |
| Symbol 9 | symbol | BELUSDT | s09 |
| Symbol 10 | symbol | BLZUSDT | s10 |
| Symbol 11 | symbol | BTCUSDT | s11 |
| Symbol 12 | symbol | CHZUSDT | s12 |
| Symbol 13 | symbol | CTKUSDT | s13 |
| Symbol 14 | symbol | CTSIUSDT | s14 |
| Symbol 15 | symbol | CVCUSDT | s15 |
| Symbol 16 | symbol | EGLDUSDT | s16 |
| Symbol 17 | symbol | ENJUSDT | s17 |
| Symbol 18 | symbol | ETCUSDT | s18 |
| Symbol 19 | symbol | FILUSDT | s19 |
| Symbol 20 | symbol | GRTUSDT | s20 |
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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