by 
This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities. It enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specifi
Strategy · Pine Script v5 · On the chart
Alper
Alper is a trend-following strategy based on a custom volatility stop calculation using the Average True Range.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code43
Settings0inputs
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
Alper tracks price extremes and computes a trailing stop level to determine market direction. When the price trades above the volatility stop, the script identifies an uptrend and enters a long position. The position is closed when the price breaks below the stop line. The stop level is plotted directly on the price chart as colored circles. The strategy includes a date range filter and relies entirely on trend reversals to exit without using a dedicated stop loss.
- Custom volatility stop calculation
- ATR-based trend detection
- Date range execution filter
- On-chart stop level visualization
Details
Published by
avatar-lavventura on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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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