by 
This strategy captures strong bullish momentum by combining a 200-period SMA baseline, a custom Bollinger Band, the True Strength Index (TSI) smoothed with WMAs, and the ADX trend strength indicator. It initiates long positions when price is above the 200 SMA,
Strategy · Pine Script v4 · Own pane
Alper
Alper is a multi-indicator trading strategy combining a WaveTrend oscillator, RSI, and Squeeze Momentum logic based on Bollinger Bands and Keltner Channels.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code159
Settings22inputs
LicenceNone stated
Last update7 months ago5 Mar 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
Operating within a user-defined backtest time window, it plots WaveTrend lines, overbought and oversold levels, and momentum crossovers in a separate pane while recoloring price bars on crossover events. Key settings allow adjustment of channel lengths, RSI parameters, momentum filtering thresholds, and trailing stop distances.
- WaveTrend oscillator with overbought and oversold levels
- Squeeze Momentum calculations using Bollinger Bands and Keltner Channels
- Customizable backtesting date range window
- Dynamic chart bar coloring based on oscillator crossovers
- Configurable trailing stop loss settings
Details
Published by
avatar-lavventura on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Markets
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 |
|---|---|---|---|
| fromMonth | int | 5 | fromMonth |
| fromDay | int | 24 | fromDay |
| thruMonth | int | 12 | thruMonth |
| thruDay | int | 31 | thruDay |
| fromYear | int | 2021 | fromYear |
| thruYear | int | 2021 | thruYear |
| Channel Length | int | 9 | n1 |
| Average Length | int | 20 | n2 |
| Length Fast RSI | int | 5 | len_fast |
| Length Slow RSI | int | 14 | len_slow |
| BB Length | int | 14 | length |
| BB MultFactor | float | 2.0 | mult |
Show all 22 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| KC Length | int | 17 | lengthKC |
| KC MultFactor | float | 1.5 | mult_kc |
| Filter for Momenutum value | bool | true | useMomAverage |
| Min for momentum | int | 20 | MomentumMin |
| Over Bought Level 1 | int | 70 | obLevel1 |
| Over Bought Level 2 | int | 53 | obLevel2 |
| Over Sold Level 1 | int | -70 | osLevel1 |
| Over Sold Level 2 | int | -53 | osLevel2 |
| Trailing Stop Loss | int | 4000 | inpTrailStop |
| Trailing Stop Loss Offset | int | 0 | inpTrailOffset |
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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