This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v6 · On the chart
Arrows Off BB
This indicator plots standard Bollinger Bands and identifies potential mean-reversion setup signals directly on the main price chart.
GitHub stars7on the repository
Pine versionv6current
Lines of code39
Settings5inputs
LicenceNone statedfile: MPL-2.0
Last update2 weeks ago10 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
39 lines of Pine Script v6 from Arrows Off BB.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © gambcl
//@version=6
indicator("Arrows Off BB", overlay = true)
////////////////////////////////////////////////////////////////////////////////
// Inputs
////////////////////////////////////////////////////////////////////////////////
i_bb_series = input.source(close, "Source", group = "Bollinger Bands")
i_bb_length = input.int(20, "Length", minval = 1, maxval = 999, group = "Bollinger Bands")
i_bb_mult = input.float(2.0, "Multiplier", minval = 0, step = 0.1, group = "Bollinger Bands")
i_bullish_color = input.color(#00c3ff, "Bullish", group = "Entry Signals")
i_bearish_color = input.color(#df1878, "Bearish", group = "Entry Signals")
////////////////////////////////////////////////////////////////////////////////
// Calculations
////////////////////////////////////////////////////////////////////////////////
[bb_middle, bb_upper, bb_lower] = ta.bb(i_bb_series, i_bb_length, i_bb_mult)
is_bullish_signal = barstate.isconfirmed and (close > open) and (close[1] < open[1]) and (low < bb_lower) and (low[1] < bb_lower[1])
is_bearish_signal = barstate.isconfirmed and (close < open) and (close[1] > open[1]) and (high > bb_upper) and (high[1] > bb_upper[1])
////////////////////////////////////////////////////////////////////////////////
// Plotting
////////////////////////////////////////////////////////////////////////////////
plot(bb_upper, "BB Upper", #512da8, 1, plot.style_line, linestyle = plot.linestyle_dotted)
plot(bb_middle, "BB Middle", color.olive, 1, plot.style_line, linestyle = plot.linestyle_dashed, display = display.none)
plot(bb_lower, "BB Lower", #512da8, 1, plot.style_line, linestyle = plot.linestyle_dotted)
plotshape(is_bullish_signal, "Bullish Entry", shape.arrowup, location.belowbar, i_bullish_color, size = size.normal)
plotshape(is_bearish_signal, "Bearish Entry", shape.arrowdown, location.abovebar, i_bearish_color, size = size.normal)
Overview
A bullish signal triggers when a bullish candlestick follows a bearish candlestick while both consecutive bars' lows drop below the lower Bollinger Band. Conversely, a bearish signal appears when a bearish candlestick follows a bullish bar with consecutive highs extending above the upper band. Inputs allow users to adjust the Bollinger Bands length, standard deviation multiplier, source price, and signal colors.
- Bollinger Bands overlay with customizable settings
- Bullish and bearish entry signal arrows
- Candlestick reversal pattern detection outside bands
- Confirmed bar signal evaluation
Details
Published by
lunarticktrading on GitHub
Code credit
gambcl, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, 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 |
|---|---|---|---|
| Source | source | close | i_bb_series |
| Length | int | 20 | i_bb_length |
| Multiplier | float | 2.0 | i_bb_mult |
| Bullish | color | #00c3ff | i_bullish_color |
| Bearish | color | #df1878 | i_bearish_color |
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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