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 v4 · On the chart
Bollinger Bands Winner LITE [Alorse]
This strategy plots Bollinger Bands on the price chart and trades when a candle-zone price sits beyond a band.
GitHub stars4on the repository
Pine versionv4older, still runs
Lines of code39
Settings7inputs
LicenceNone stated
Last update1 year ago5 Apr 2025
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
Bollinger Bands Winner LITE [Alorse] enters long when a point a set percentage up from the low is below the lower band. Short entries are optional and off by default; otherwise it closes the long when that same point rises above the upper band. Length, source, standard-deviation multiplier, offset, and the candle percentage change the bands and signals. There is no stop loss.
- Bollinger Bands with background fill
- Long entry below the lower band
- Optional short entries
- Candle percentage zone filter
- Percent-of-equity position size
Details
Published by
Hugs-4-Bugs on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Volatility & bands, Mean reversion
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 |
|---|---|---|---|
| Version | string | verTxt | version |
| Source | source | close | src |
| Length | int | 20 | length |
| StdDev | float | 2.0 | mult |
| Offset | int | 0 | offset |
| Show Short entries | bool | false | showShort |
| Candle % below/above the BB | float | 30 | candleper |
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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