BB + LaRSI Strategy: Free TradingView Strategy (Pine Script)

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 + LaRSI Strategy generates buy and sell signals when price touches the upper or lower bands or zones. The strategy allows enabling or disabling entries and includes trailing stop loss and take profit options. Parameters control Bollinger Band lengths, standard deviations, Laguerre RSI alpha, and trailing percentages. The main settings adjust band widths and signal thresholds. It draws fills and lines on the chart with mean-reversion signals.

dual bollinger bands
laguerre rsi
band zone touch
band line touch
trailing stop loss

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

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.

File

Tradingview/bb-larsi-strategy.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
length	`int`	`200`	`length`
Source	`source`	`close`	`src`
StdDev	`float`	`2.0`	`mult`
length_2	`int`	`200`	`length_2`
Source	`source`	`close`	`src_2`
StdDev	`float`	`3.0`	`mult_2`
Source	`source`	`close`	`src_3`
Alpha	`float`	`0.2`	`alpha`
Enable Buy	`bool`	`true`	`enableBuy`
Enable Sell	`bool`	`true`	`enableSell`
Enable Last Line Touch	`bool`	`true`	`enableLastLineTouch`
Enable Last Zone Touch	`bool`	`true`	`enableLastZoneTouch`

Show all 20 settings

Setting	Type	Default	Variable
Enable Stop Loss Trailing	`bool`	`true`	`stopLossTrailingEnabled`
Trailing Stop Loss (%)	`float`	`1`	`slTrailPerc`
Enable Take Profit Trailing	`bool`	`false`	`takeProfitTrailingEnabled`
Take Profit Multiplier	`float`	`1.0`	`tpMult`
Trailing Take Profit (%)	`float`	`0.5`	`tpTrailPerc`
Take Profit %	`float`	`2.0`	`tpVal`
Stop Loss %	`float`	`2.0`	`slVal`
Bot ID	`string`	`botID`	`botID`

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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