This strategy combines Volume Weighted Moving Average (VWMA) Bollinger Bands with 200-period and 50-period Exponential Moving Averages (EMAs). It identifies long trade opportunities when the 50 EMA is above the 200 EMA and price falls to or below the lower Fib
Strategy · Pine Script v5 · On the chart
Bollinger Bands Winner PRO [Alorse]
This mean-reversion strategy plots Bollinger Bands and a long-term moving average directly on the price chart.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code134
Settings27inputs
LicenceNone stated
Last update2 months ago25 Aug 2026
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 PRO [Alorse] enters trades when price candles penetrate the outer Bollinger Bands beyond a user-defined body percentage, anticipating a price reversal. Entries can be filtered through RSI levels, a moving average trend check, and an Aroon filter. Position risk is controlled using customizable percentage-based or ATR-based stop-loss levels.
- Bollinger Bands percentage penetration entry triggers
- RSI and moving average trend filtering
- Aroon filter for long-term trend confirmation
- ATR and percent-based stop-loss protection
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volatility & bands, Moving averages, Trend
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.
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 |
|---|---|---|---|
| Version | string | txtVer | version |
| Source | source | close | src |
| Length | int | 20 | length |
| StdDev | float | 2.0 | mult |
| ╔══════ Use RSI ══════╗ | bool | true | hasRSI |
| Above | int | 45 | aboveRSI |
| Source | source | close | srcRSI |
| Length | int | 14 | lenRSI |
| Below | int | 55 | belowRSI |
| ╔══════ Use Aroon ══════╗ | bool | false | hasAroon |
| Periods | int | 288 | lengthAr |
| Confirmation | int | 90 | Confirmation |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Stop | int | 70 | Stop |
| ╔══════ Use MA ══════╗ | bool | true | hasMa |
| Moving Average Type | string | EMA | maType |
| Moving Average length | int | 200 | maLen |
| Candle % | int | 30 | candleper |
| Include shadow as part of the body | bool | false | cbSize |
| Long entries | bool | true | showLong |
| Short entries | bool | false | showShort |
| Close position early | bool | true | closeEarly |
| ╔══════ Enable ══════╗ | bool | true | useSL |
| Based on | string | Percent | SLbased |
| ATR Mult | float | 7.0 | multiATR |
| Length | int | 14 | lengthATR |
| Percent | float | 7 | SLPercent |
| Show SL | bool | true | plotSL |
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
This strategy generates buy and sell signals based on Bollinger Band crossovers combined with a simple moving average trend filter. It enters a long position when price crosses above the lower band while trading above the SMA filter line, and enters a short po
This overlay strategy targets one-minute ES futures and plots volume-weighted moving-average bands from the open, scaled by a standard-deviation multiple, plus a slower band from ten-minute opens. A higher-timeframe exponential moving average can filter trades
STRG-BBForce is a Bollinger Bands trend-following strategy. It calculates standard Bollinger Bands and tracks directional alignment across the upper, lower, and basis lines. When all three lines slope upward, it opens a long position and closes short positions
The Mean Reversion Strategy Template calculates a baseline mean using SMA, EMA, or VWAP alongside upper and lower deviation bands based on standard deviation, ATR, or percentage offsets. It generates long and short entries when price touches, bounces from, or
This overlay strategy combines a Chandelier Exit with a zero-lag least squares moving average. Although the header mentions Heikin Ashi candles, the calculations use ordinary closes. An ATR trailing stop sets long and short levels, and direction flips when pri
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers