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
BB(10,2) MTF Confirm
This overlay strategy trades a close and open below the lower Bollinger Band, using a period and multiplier set on the chart timeframe.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code162
Settings11inputs
LicenceNone stated
Last update4 months ago20 Jun 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
An optional higher-timeframe Bollinger Band can confirm entries before orders are placed. Mode S1 exits at a percentage take profit or forces a close the same day. Mode S2 uses a smaller take profit, an optional red-candle cut, and a maximum hold count. There is no stop loss. Position size is a percent of equity, with pyramiding off.
- Higher-timeframe Bollinger confirmation
- Entry Bollinger period and multiplier
- S1 percentage take profit with same-day force close
- S2 take profit, red cut, and max hold
- Percent-of-equity position sizing
Details
Published by
zraesdev-hub on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Mean reversion
Markets
Stocks
Timeframes
M1-M5, M15-H1, H4 and above
Risk Notes
- The strategy enters trades without a stop loss
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use HTF Confirmation | bool | true | useHTF |
| Higher Timeframe | timeframe | 60 | htfPer |
| HTF BB Period | int | 10 | htfBBLen |
| HTF BB Multi | float | 2.0 | htfBBMul |
| Entry BB Period | int | 10 | bbLen |
| Entry BB Multi | float | 2.0 | bbMult |
| Mode | string | S1 | mode |
| S1: TP % | float | 20.0 | tpPct |
| S2: TP % | float | 5.0 | tpS2 |
| S2: Max Hold | int | 3 | mhS2 |
| S2: RedCut | bool | true | rcS2 |
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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