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 strategy Production
This strategy plots Bollinger Bands on the price chart using a simple moving average and a standard-deviation multiplier.
GitHub stars8on the repository
Pine versionv5runs as is
Lines of code58
Settings2inputs
LicenceNone stated
Last update3 years ago1 Apr 2023
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 strategy Production enters long when close crosses above the lower band while still below the basis, and short when close crosses under the upper band while still above the basis. Position size is equity divided by price, truncated to three decimals. A fixed nine percent stop closes the trade; there is no take-profit rule. Length and multiplier are the main inputs. A thirty percent equity drawdown limit is also set.
- Bollinger Band basis and bands
- Long and short band-cross entries
- Equity-based quantity sizing
- Nine percent stop loss
- Thirty percent drawdown limit
Details
Published by
satheshshiva on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Mean reversion
Markets
Crypto
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length | int | 60 | length |
| mult | float | 2.2 | 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.
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