Indicator · Pine Script v6 · On the chart

BollingerBounce V1 — Master Trader

by IvPalmer

This overlay indicator plots a 20-period Bollinger Band envelope with a two-standard-deviation width on the price chart.

View on GitHub

GitHub stars2on the repository
Pine versionv6current
Lines of code47
Settings0inputs
LicenceNone stated
Last updatetoday28 Oct 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

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

BollingerBounce V1 — Master Trader marks a long bounce when price reclaims the lower band, 14-period RSI is between 30 and 70, 14-period ADX is above 25, and Binance BTCUSDT is above its 200-period simple moving average. A top-right table shows RSI, ADX, the BTC gate, and the lower band. Lengths and thresholds are fixed, and the script has no exit or stop rules.

Details

Published by

IvPalmer on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Category

Volatility & bands, Oscillators & momentum, Mean reversion, Screeners & dashboards

Markets

Crypto

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.

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

Commodity Heat Reversal plots score-based mean-reversion reversal markers on the price chart for commodity futures, aimed at the four-hour timeframe. It builds separate long and short heat scores from ATR distance to a mean moving average, ATR expansion, RSI e

Indicator v6 Mean reversionVolatility & bands
Updated yesterday · MIT GitHub repository of Commodity Heat Reversal [WavesUnchained]
3 stars

This overlay indicator recreates short-setup conditions and audits their later outcomes on the price chart. It scores optional percent-surge, RSI overbought rollover, Bollinger exhaustion, volume spike, and EMA trend filters, then marks BASE or STRONG signals

Indicator v6 Oscillators & momentumVolatility & bands
Updated 1 year ago · None stated GitHub repository of Hedge Short Setup Outcome Auditor

This overlay indicator plots a Supertrend from an ATR length and factor, four exponential moving averages, and a selectable VWAP or TWAP taken from a chosen timeframe on the price chart. It also shows MACD and stochastic with adjustable lengths, smoothing, ver

Indicator v5 Oscillators & momentumMoving averages
Updated 1 year ago · MPL-2.0 GitHub repository of Momentum Setup: Vijay Thakare Option Buying Scalping Setup

This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre

Indicator v4 Volatility & bandsOscillators & momentum
Updated 2 months ago · None stated GitHub repository of Bollinger Bands Winner IND [Alorse]

TylerG FVG BB Reversal

by TradersPost
218 stars

This indicator identifies mean-reversion setups by combining Bollinger Bands with Fair Value Gaps (FVGs). It tracks FVGs that print outside the upper or lower Bollinger Bands and counts them toward an alert threshold. Signals trigger upon gap mitigation (by to

Indicator v6 SMC / ICT / price actionVolatility & bands
Updated 3 months ago · None stated GitHub repository of TylerG FVG BB Reversal
147 stars

This indicator combines Bollinger Bands, RSI, Stochastic RSI, and volume spike detection to identify mean-reversion conditions during range-bound market regimes. It calculates Bollinger Band width to identify low-volatility states and triggers buy or sell sign

Indicator v5 Oscillators & momentumVolatility & bands
Updated 6 weeks ago · MIT GitHub repository of BTC Dec 2025 — Range + Gamma Flush

More indicators

Trade Your Charts With a Regulated Broker

Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.

Compare brokers