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 Mean Reversion
This strategy calculates the RSI indicator to detect mean reversion in AU stocks.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code54
Settings3inputs
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
AU RSI Mean Reversion enters long positions when RSI falls below the oversold level with no current position and closes positions when RSI rises above the overbought level. Position size uses a fixed percentage of equity. The script plots buy and sell signals on the price chart with shapes and colors, plus a background for open positions. It displays current RSI value in a table. Main settings adjust RSI period and threshold levels. There is no stop loss or take profit; positions exit only on overbought.
- RSI Mean Reversion
- Oversold Buy Signal
- Overbought Sell Signal
- Percent Equity Sizing
- RSI Table Display
Details
Published by
tivojn on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Oscillators & momentum
Markets
Stocks
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 Oversold Level | int | 30 | rsi_oversold |
| RSI Overbought Level | int | 70 | rsi_overbought |
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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