Sick Sigma detects extreme statistical standard deviation moves (sigma events) to execute trades directly on the main price chart. The strategy supports both momentum and mean-reversion trading styles. Traders can configure calculation lookback periods, sigma
Strategy · Pine Script v5 · On the chart
Bollinger bands + Aroon [Alorse]
This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code30
Settings6inputs
LicenceNone statedfile: MPL-2.0
Last update2 months ago25 Aug 2026
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
30 lines of Pine Script v5 from strategies/mean-reversion/BB + Aroon.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © relevantLeader16058
//@version=5
strategy(title='Bollinger bands + Aroon [Alorse]', shorttitle='BB + Aroon [Alorse]', overlay=true, pyramiding=0, currency=currency.USD, default_qty_type=strategy.percent_of_equity, default_qty_value=100, commission_type=strategy.commission.percent, commission_value=0.1)
// BB inputs and calculations
lengthBB = input.int(20, minval=1)
src = input(close, title='Source')
mult = input.float(2.0, minval=0.001, maxval=50, title='StdDev')
basis = ta.sma(src, lengthBB)
dev = mult * ta.stdev(src, lengthBB)
upper = basis + dev
lower = basis - dev
lengthAr = input.int(288, minval=1)
AroonUP = 100 * (ta.highestbars(high, lengthAr + 1) + lengthAr) / lengthAr
AroonDown = 100 * (ta.lowestbars(low, lengthAr + 1) + lengthAr) / lengthAr
Confirmation = input(90, 'Aroon Confirmation')
Stop = input(70, 'Aroon Stop')
Bullish = ta.crossunder(close, lower)
Bearish = ta.crossunder(close, upper)
//Entry
strategy.entry('Long', strategy.long, when=Bullish and AroonUP > Confirmation)
strategy.close('Long', when=Bearish or AroonUP < Stop)
Overview
Bollinger bands + Aroon [Alorse] enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specified confirmation level. The strategy closes open positions when the price drops below the upper band or Aroon Up drops below a designated threshold. Main settings configure the band length, standard deviation multiplier, Aroon period, and threshold levels. Plotted directly on the price chart, it lacks hard stop-loss orders and short trade logic.
- Bollinger Bands calculations
- Aroon oscillator trend filter
- Configurable confirmation and exit thresholds
- Equity percentage position sizing
Details
Published by
Alorse on GitHub
Code credit
relevantLeader16058, as written in the script's header
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volatility & bands, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| lengthBB | int | 20 | lengthBB |
| Source | source | close | src |
| StdDev | float | 2.0 | mult |
| lengthAr | int | 288 | lengthAr |
| 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.
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