Alert BB + RSI [Alorse] is a multi-symbol mean-reversion strategy designed for cryptocurrency trading. It evaluates Bollinger Bands and the Relative Strength Index (RSI) across up to 20 user-defined ticker symbols simultaneously. The strategy enters long posit
Strategy · Pine Script v5 · On the chart
AU RSI + ATR Trailing Stop
A Pine v5 long-only strategy that buys when RSI falls below an entry level and then trails an exit level behind the highest close using an ATR multiple.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code73
Settings4inputs
LicenceNone stated
Last update8 months ago11 Feb 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
The position is closed when the close drops below that trailing level, which is drawn as a red line on the price chart. RSI period, entry level, ATR period and multiplier are inputs. The exit is a close-based condition rather than a resting stop order. It also shades the background in trades and has alert conditions.
- RSI oversold long entry
- ATR trailing exit that ratchets up with the highest close
- Trailing line, buy and sell markers and in-trade shading
- Alert conditions for entry and exit
Details
Published by
tivojn on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volatility & bands
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Period | int | 14 | rsi_period |
| RSI Entry (Oversold) | int | 30 | rsi_entry |
| ATR Period | int | 14 | atr_period |
| ATR Trail Multiplier | float | 2.0 | atr_mult |
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.
Similar Pine Scripts
The Mean Reversion Strategy Template calculates a baseline mean using SMA, EMA, or VWAP alongside upper and lower deviation bands based on standard deviation, ATR, or percentage offsets. It generates long and short entries when price touches, bounces from, or
This strategy backtests a long Bollinger Band deal on the price chart for 3Commas-style bots. It plots short and long simple moving averages, offset bands, and the average entry price of the open deal. A long starts when price crosses the lower band inside a c
This strategy generates buy and sell signals based on Bollinger Band crossovers combined with a simple moving average trend filter. It enters a long position when price crosses above the lower band while trading above the SMA filter line, and enters a short po
This strategy combines Bollinger Bands with a short RSI to fade moves that leave the bands and then return. A long requires the prior bar below the lower band and oversold, then a close back inside the band while RSI is between 30 and 50. Shorts mirror that at
This strategy plots Bollinger Bands on the price chart using a simple moving average and a multiple of standard deviation. It places a long stop entry when close crosses above the lower band and a short stop entry when close crosses below the upper band. Pendi
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers