This strategy runs on the price chart and enters long when a fast simple moving average crosses above a slow one, and short on the opposite cross, while closing the other side. Entries also need ATR above a filter, a pullback check, a minimum candle-body chang
Strategy · Pine Script v5 · On the chart
Bollinger Trend - Strategy V1
This strategy executes trend-following trades based on Bollinger Band breakouts confirmed by a long-term moving average filter.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code119
Settings12inputs
LicenceNone stated
Last update2 years ago17 Jan 2024
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
A long position opens when the price crosses above the upper Bollinger Band, provided the band spread meets a minimum threshold and price is above the moving average filter. Long positions close when the price drops below the middle basis line. Symmetrical logic applies to short positions. Users can adjust band parameters, spread limits, filter MA types, and backtest date ranges. The script draws directly on the main price chart and lacks hard stop-loss orders.
- Bollinger Bands breakout signal generation
- Moving average trend filter (SMA, EMA, WMA)
- Bollinger Band spread width threshold filter
- Customizable backtesting date range
Details
Published by
jackseg80 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Trend, Moving averages, Breakout
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Repository
Topics
javascriptpythonanalysisbacktestingcryptotrading-bot
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| Window of the Bollinger Band | int | 100 | length |
| Standard Deviation of the Bollinger Band | float | 2.1 | mult |
| Minimal spread between the two Bollinger Band | float | 0.0 | spread_input |
| Enable | bool | true | show_ma |
| MA length | int | 480 | ma_input |
| Select MA Type | string | MA | select_ma |
| Long Positions | bool | true | use_longs |
| Short Positions | bool | false | use_short |
| Analysis period ? | bool | true | use_period |
| Start date | time | timestamp("01 Jan 2020") | startDate |
| End Date | time | timestamp("01 Jan 2025") | endDate |
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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