by 
This price-chart strategy plots a simple moving average and upper and lower bands built from the standard deviation of close, scaled by separate offset inputs. It enters a fixed quantity long when close crosses above the upper band and a fixed quantity short w
Strategy · Pine Script v6 · On the chart
BB Breakout Reversal Strategy
This quantitative strategy calculates custom Bollinger Bands using a standard moving average and standard deviation multiplier.
GitHub stars2on the repository
Pine versionv6current
Lines of code37
Settings3inputs
LicenceNone stated
Last update6 months ago15 Apr 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
BB Breakout Reversal Strategy generates long entry signals when the bar close breaks above the upper band, and short entry signals when the close breaks below the lower band. Upon receiving an opposite signal, the strategy automatically closes the active position before entering a new trade in the opposite direction. Drawn directly on the price chart, users can adjust the band length, standard deviation multiplier, and price source. The strategy operates without defined stop loss or take profit exits.
- Bollinger Bands volatility calculation
- Upper and lower band breakout signals
- Automatic position flipping on opposite signal
- Visual signal shapes and band fill
Details
Published by
WayneMoore1006 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Breakout, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Band Length | int | 20 | length |
| StdDev Multiplier | float | 2.0 | multiplier |
| Price Source | source | close | source |
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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