Bollinger bands And Aroon Scalping: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
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

36 lines of Pine Script v4 from Bollinger Bands And Aroon Scalping (by Coinrule).pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

Bollinger Bands And Aroon Scalping (by Coinrule).pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © relevantLeader16058
//@version=4
strategy(shorttitle='Bollinger bands And Aroon Scalping',title='Bollinger bands And Aroon Scalping (by Coinrule)', overlay=true, initial_capital = 1000, process_orders_on_close=true, default_qty_type = strategy.percent_of_equity, default_qty_value = 30, commission_type=strategy.commission.percent, commission_value=0.1)
//Backtest dates
fromMonth = input(defval = 1,    title = "From Month",      type = input.integer, minval = 1, maxval = 12)
fromDay   = input(defval = 1,    title = "From Day",        type = input.integer, minval = 1, maxval = 31)
fromYear  = input(defval = 2020, title = "From Year",       type = input.integer, minval = 1970)
thruMonth = input(defval = 1,    title = "Thru Month",      type = input.integer, minval = 1, maxval = 12)
thruDay   = input(defval = 1,    title = "Thru Day",        type = input.integer, minval = 1, maxval = 31)
thruYear  = input(defval = 2112, title = "Thru Year",       type = input.integer, minval = 1970)
showDate  = input(defval = true, title = "Show Date Range", type = input.bool)
start     = timestamp(fromYear, fromMonth, fromDay, 00, 00)        // backtest start window
finish    = timestamp(thruYear, thruMonth, thruDay, 23, 59)        // backtest finish window
window()  => time >= start and time <= finish ? true : false       // create function "within window of time"
// BB inputs and calculations
lengthBB = input(20, minval=1)
src = input(close, title="Source")
mult = input(2.0, minval=0.001, maxval=50, title="StdDev")
basis = sma(src, lengthBB)
dev = mult * stdev(src, lengthBB)
upper = basis + dev
lower = basis - dev
offset = input(0, "Offset", type = input.integer, minval = -500, maxval = 500)
lengthAr = input(288, minval=1)
AroonUP = 100 * (highestbars(high, lengthAr+1) + lengthAr)/lengthAr
AroonDown = 100 * (lowestbars(low, lengthAr+1) + lengthAr)/lengthAr
Confirmation = input(90, "Aroon Confirmation")
Stop = input(70, "Aroon Stop")
Bullish = crossunder (close, basis)
Bearish = crossunder (close, upper)
//Entry 
strategy.entry(id="long", long = true, when = Bullish and AroonUP > Confirmation and window())
//Exit
strategy.close("long", when = Bearish or AroonUP < Stop and window())
Expand (53 lines)

Overview

Bollinger bands And Aroon Scalping signals long entries when the close price crosses below the middle band combined with Aroon up trending above 90 and within the specified backtest time window. The strategy exits the long position when the close crosses below the upper band or the Aroon up indicator drops below 70. It uses 30 percent of equity for position sizing with a 0.1 percent commission per trade. The main settings allow adjustment of Bollinger length, standard deviation multiplier, Aroon length, confirmation threshold, and stop threshold. It draws the Bollinger Bands directly on the price chart.

Bollinger Bands
Aroon Oscillator
Long Scalping
Crossunder Signals
Backtest Window

Details

Published by

hasnocool on GitHub

Code credit

relevantLeader16058, as written in the script's header

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

Bollinger Bands And Aroon Scalping (by Coinrule).pine

Repository

github.com/hasnocool/tradingview-pine-scripts. See its other scripts in the library

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

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

Setting	Type	Default	Variable
From Month	`int`	`1`	`fromMonth`
From Day	`int`	`1`	`fromDay`
From Year	`int`	`2020`	`fromYear`
Thru Month	`int`	`1`	`thruMonth`
Thru Day	`int`	`1`	`thruDay`
Thru Year	`int`	`2112`	`thruYear`
Show Date Range	`bool`	`true`	`showDate`
lengthBB	`int`	`20`	`lengthBB`
Source	`source`	`close`	`src`
StdDev	`float`	`2.0`	`mult`
Offset	`int`	`0`	`offset`
lengthAr	`int`	`288`	`lengthAr`

Show all 14 settings

Setting	Type	Default	Variable
Aroon Confirmation	`int`	`90`	`Confirmation`
Aroon Stop	`int`	`70`	`Stop`

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.

Similar Pine Scripts

MACD + BB + RSI [Alorse]

by Alorse

330

This strategy plots MACD line, signal line, Bollinger Bands, and RSI on the price chart. It signals long entries on MACD crossover above signal with RSI below 50 and price below BB basis, plus optional DMI filter. Short entries are available but disabled by de

Strategy v5 Oscillators & momentumVolatility & bands

Updated 2 months ago · None stated

ES - Futures 1M No Repaint Fixed

by dearvn

257

This strategy is designed for 1-minute S&P 500 futures trading using multi-timeframe data and Fibonacci-weighted standard deviation bands around volume-weighted moving averages. It requests data from multiple higher timeframes without lookahead to prevent repa

Strategy v5 Volatility & bandsMoving averages

Updated 6 weeks ago · None stated

Take Profits & Stop Losses

by PythonForForex

64

This educational strategy demonstrates moving average crossovers filtered by RSI momentum, incorporating ATR-based risk management. It calculates a 10-period SMA, a 30-period SMA, a 14-period RSI, and a 14-period ATR. Long entries trigger when the fast SMA cro

Strategy v5 Moving averagesOscillators & momentum

Updated 4 years ago · None stated

Momentum Rider DAILY FINAL

by greenpeas007

58

This strategy combines exponential moving averages (EMA 9, 21, 50), RSI, MACD, and Supertrend indicators to enter long positions. It triggers trades using six dynamic setups based on momentum breakouts, EMA crossovers, and pullbacks. Position sizing is compute

Strategy v6 TrendOscillators & momentum Repaints

Updated 4 months ago · Custom licence

Bollinger bands examples

by tradingstrategy-ai

53

This strategy plots exponential-moving-average Bollinger bands on the price chart and calculates RSI. It opens a long position when close crosses above the upper band while RSI is at or above a threshold, the date filter allows trading, and no position is open

Strategy v5 Volatility & bandsOscillators & momentum

Updated 3 years ago · None stated

EUR/USD EMA9-21 + RSI Scalping Strategy

by Ahmed-GoCode

53

This strategy trades EUR/USD on the price chart using a fast and slow exponential moving average crossover filtered by RSI. It enters long when the fast EMA crosses above the slow EMA while RSI is above 50 and below the overbought level, and enters short on th

Strategy v6 TrendMoving averages

Updated 2 months ago · MPL-2.0

More strategys

Bollinger bands And Aroon Scalping